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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 News provided by Share this article Share this article 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. ....
Nogin Acquires ModCloth From Go Global, Marking its Initial Native Brands Investment Addition of digitally native fashion site adds to stable of leading brands in fashion, CPG, beauty, health and wellness industries whose online presence is managed by Nogin News provided by Share this article TUSTIN, Calif., May 5, 2021 /PRNewswire/ Nogin, the market leader in outsourced ecommerce for major fashion and consumer product companies, today announced that it had acquired the assets of ModCloth, a digitally native retailer of unique women s fashion and accessories. The Tustin-based company purchased the brand for an undisclosed sum from Go Global Retail. Since its founding in 2002, ModCloth has been dedicated to serving a full spectrum of women by celebrating their stories and offering a complete range of sizes of indie-inspired fashion. ....