Go Global Retail announced plans to acquire the assets of ModCloth, a digitally native retailer of unique women’s fashion and accessories. Founded in 2002, ModCloth offers exclusive indie and vintage-inspired women’s clothing, shoes, handbags and accessories for 18-35 year-old women.
Under Go Global, ModCloth will continue to operate out of its current operational set up. Go Global Retail will invest in ModCloth’s digital capabilities including artificial intelligence and predictive analytics. As a freestanding, independent fashion brand, ModCloth will continue focusing on its core customers; championing values of female empowerment and inclusivity; and further serving their passionate buying community by celebrating their stories and offering a full range of sizes.
“We believe that together with current management, ModCloth has the ability to become a stronger player in the premium fashion market, nationally as well as internationally,” stated Go Global’s Jeff Streader.
“Our team of experienced retail and brand practitioners will supplement existing management in areas of digital strategy, supply chain and operations,” added Christian Feuer of Go Global.
