Source: abladvisor.com, Date: 5/4/2022 7:00:00 AM, Article: Wholesale and retail inventories have always been a mainstay for lenders, but with millions of businesses now selling their wares on Amazon, what are the potential implications for the ABL sector?ABL Advisor sat down with Ryan Davis, Managing Director of Tiger Valuation Services, to discuss some of the considerations involved in lending to Amazon.
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ModCloth Acquired by Nogin from Go Global
May 7, 2021
Nogin, a company that helps brands improve their performance by providing a host of outsourced services, is doing its first acquisition with ModCloth, a year and a half after it had been acquired by retail investment firm Go Global Retail from Walmart. Terms were not disclosed.
Nogin is keeping about 55 ModCloth employees, and ModCloth CMO Mary Jimenez has been named CEO. Team members in buying, brand, design, merchandising, logistics, tech and development, IT, accounting and HR will be based at Nogin’s Tustin, CA headquarters. ModCloth’s customer service team will remain at its Pittsburgh call center.
Tiger Finance Helps Fund Nogin s Acquisition of ModCloth
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NEW YORK, May 5, 2021 /PRNewswire/ Tiger Finance, an affiliate of Tiger Group today announced that it provided financing to support the April 2021 acquisition of digitally native fashion retailer ModCloth by Nogin, the market leader in outsourced e-commerce for major fashion and consumer product companies.
Tiger provided a $6 million term loan to Nogin to help fund its purchase of the ModCloth assets from brand investment platform Go Global Retail for an undisclosed sum. Additionally, Tiger Valuation Services is providing inventory analytics support to Nogin.