User:NewbridgeRD/Go Global Retail

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Go Global Retail Investment Platform

Founded in 2016, Go Global Retail is a brand investment platform for strategic investors in the consumer sector. Laser-focused on identifying attractive targets, investing appropriate capital and creating value for both investors and acquisitions, Go Global partners include Investment, Retail and Operational Executives working together to create a holistic approach to investing in the ever-evolving world of global retail.

Leadership

Go Global was created by Founder and Managing Partner Jeffrey Streader. According to WWD^[1], Streader, who has held a variety of senior roles at VF Corp., Kellwood Co., Guess Inc., Billabong and Marlin Equity, has wrangled 40 active strategic players — suppliers from Asia, especially China — as limited partners.

Other team members include Go Global Managing Director Christian Feuer,^[1] who brings more than 30 years of experience, having worked in private equity and led turnarounds at more than 10 retail brands with combined sales of over $1.5 billion, and Yuen Chau, an Operating Partner focused on analysis, due diligence, and structuring of investment opportunities.

ModCloth Purchase

On October 14th, 2019, Go Global Retail announced plans to acquire the assets of ModCloth, a digitally native retailer of unique women's fashion and accessories from Walmart. 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.^[2]

Tiger Capital Group

The ModCloth deal was finalized in February of 2020, when financing was secured via Tiger Capital Group, Tiger's cash infusion enabled the Los Angeles-based company to move forward with its strategy of ramping up ModCloth's competitiveness in the premium fashion market according to Bob DeAngelis, executive managing director at Tiger.^[3]

References[edit]

https://www.goglobalretail.com/

^ ^a ^b "WOMEN'S WEAR DAILY EDITION OCTOBER 7, 2019" (PDF).{{cite web}}: CS1 maint: url-status (link)
^ "Go Global Retail to acquire ModCloth, a leading online specialty retailer of unique women's fashion". wallstreet-online.de (in German). 2019-10-04. Retrieved 2020-05-26.
^ Fraser, Kristopher (2020-02-20). "Go Global Retail finds financing for ModCloth acquisition". fashionunited.uk. Retrieved 2020-05-26.

External links[edit]

[:0-1] "WOMEN'S WEAR DAILY EDITION OCTOBER 7, 2019" (PDF).{{cite web}}: CS1 maint: url-status (link)

[2] "Go Global Retail to acquire ModCloth, a leading online specialty retailer of unique women's fashion". wallstreet-online.de (in German). 2019-10-04. Retrieved 2020-05-26.

[3] Fraser, Kristopher (2020-02-20). "Go Global Retail finds financing for ModCloth acquisition". fashionunited.uk. Retrieved 2020-05-26.

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