Scotch & Soda Sweden AB in bankruptcy

Scotch & Soda Sweden AB, Swedish reg.no 559119-3585 (”Scotch & Soda Sweden”), was declared bankrupt on 5 April 2023, whereby Karl Björlin was appointed as official receiver.

Scotch & Soda, founded in Amsterdam 1985, is a retailer of premium clothing – the collection includes menswear, womenswear, kidswear, denim, eyewear, fragrances and accessories, with an ambition to occupy a unique space in today’s global fashion landscape. See further on Scotch & Soda’s website: https://www.scotch-soda.com/se/sv/home.

Scotch & Soda Sweden, the Swedish retailer of the brand, has seven unique concept stores at the locations described below. Historically (based on 2020-2022), annual net sales has amounted to MSEK 20–32.

Stockholm

• MOOD Stockholm – Regeringsgatan 46, 111 56 Stockholm
• Solna – Mall of Scandinavia, 169 79 Solna
• Täby – Stora Marknadsvägen 5, 183 70 Täby

Göteborg

• Göteborg – Södra Larmgatan 15, 411 16 Gothenburg
• Outlet Kungsbacka – Kungsparksvägen 80, 43439 Kungsbacka

Malmö

• Malmö – Hyllie Stationsväg 22, 21532 Malmö
• Malmö – Stora Nygatan 56, 211 37 Malmö

Continued Business Operations

As an immediate result of the bankruptcy, all stores will be temporarily closed while a physical stocktaking/review of the assets is carried out. The bankruptcy estate will investigate and evaluate the possibilities to carry out continued business operations in any form in the name of the estate, for example by way of a bankruptcy sale. If so, information regarding opening hours, terms of sale etc will be communicated here https://cirio.se/scotchandsoda.

Sales Proceedings

The bankruptcy estate now offers the business assets as is (debt free) for sale in accordance with the following Preliminary Bidding Documents with appendices:

• Preliminary Bidding Documents v.1 (2023-04-21)
• Appendices 1-19

Interested parties are hereby invited to present written, indicative bids on the business as a whole or for parts of the assets, addressed to the bankruptcy estate, by sending an e-mail to Rikard Lemming, rikard.lemming@cirio.se, on 28 April 2023 at 12.00 CET at the latest. All bids shall clearly specify name and contact details of the bidder and include an explicit purchase price in SEK. All bids shall be financed and prepared for cash payment at closing.

The bankruptcy estate reserves the right to value presented bids on an ongoing basis, as well as the right to make a sale in advance (Sw. fri prövningsrätt). The Preliminary Bidding Document with appendices shall not be considered as a binding offer (Sw. bindande anbud). Binding transfer of the business or specific assets is subject to a written agreement signed by the bankruptcy estate and the buyer.

Any claims against Scotch & Soda Sweden may be registered by way of filling out the required information in the FORM FOR REGISTRATION OF CLAIMS, retrievable from here.

For more information regarding the bankruptcy, registration of claims, sales proceedings etc, kindly contact scotchsoda@cirio.se or any of the following: