SSENSE Files for Bankruptcy Protection | The Death of Luxury Retailers

This one hurts, but hopefully they pull through - SSENSE has announced they've filed for bankruptcy protection following an attempted forced sale by their debtors. This comes hot on the heels of a number of other luxury retailers announcing bankruptcy in the case of Luisaviaroma or outright closing like Matches. It's safe to say that luxury in general is in a rough spot right now, and with tariffs hitting companies hard, retail in particular might never bounce back. SSENSE In particular hits hard because it stands out as a company that actually connects with the customer beyond just being a store - from interesting articles to a more curated list of designers exposing shoppers to brands they might not discover otherwise. What do you think of this news? Is SSENSE your favorite place to shop luxury like me, and do you see any silver lining around the dark cloud over the fashion retail space right now? https://www.ssense.com/ Geocasket substack: https://geocasket.substack.com/ Business of Fashion article: https://www.businessoffashion.com/articles/luxury/ssense-to-file-for-bankruptcy-protection-after-creditors-push-for-sale/ #ssense #fashionnews #tariffs