AMSTERDAM – KOI International, the parent company of Dutch denim brand Kings of Indigo, has decided to file for bankruptcy.
In a statement, the firm said: “With everything going on in the world today, it is not possible to realise a new investment round in time. The shareholders have made every effort in recent months to arrange a refinancing, but unfortunately did not succeed in this.”
The company has left the door open for a restart, should funding become available. Stakeholders interested in supporting the firm’s rebuild have been instructed to contact bankruptcy trustee D. Cohen Tervaert at [email protected].
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