Brand investment platform Go Global Retail is to acquire ModCloth, an online specialty retailer of unique women’s fashion.
The amount of the deal was not disclosed.
Founded in 2002 by Susan Gregg Koger and Eric Koger, ModCloth is a digitally native retailer of unique women’s fashion and accessories. It offers exclusive indie and vintage-inspired women’s clothing, shoes, handbags and accessories for 18-35 year-old women.
The company has offices in Los Angeles and Pittsburgh.
Under Go Global, ModCloth will continue to operate out of its current operational set up. Go Global Retail will invest in its digital capabilities including artificial intelligence and predictive analytics. The independent fashion brand will continue focusing on its core customers.
The deal is expected to close later this year. Walmart had acquired the assets and operations of ModCloth in March 2017 for an undisclosed amount.
Founded in 2016 and led by Jeff Streader and Christian Feuer, Go Global Retail is a brand investment platform for strategic investors in the consumer sector.
FinSMEs
04/10/2019