Go Global Retail finds financing for ModCloth acquisition

With acquisition financing provided by Tiger Capital Group, the brand-investment platform Go Global Retail has completed its purchase of digitally native fashion retailer ModCloth from Walmart Stores, Inc. Go Global announced the move this past October and closed on the acquisition on January 27. 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.