Takko Fashion

Takko Fashion is a German clothing retailer headquartered in Telgte, Westphalia. Founded in 1982 by the Hettlage Group under the name Modea, it developed into an apparel business serving the whole family. Its range includes clothing for women, men, children and babies, as well as underwear and accessories. The company also launched a private-label line for plus-size fashion in 2017. The retailer operates across 17 European countries. The supplied company description reports nearly 2,000 stores across Europe, including about 1,100 in Germany, and also identifies an online shop and a mobile shopping app as sales channels. The online shop launched in April 2016; a digital customer loyalty programme in the form of a shopping app followed in March 2022. Takko describes its offer on its official website as fashion for the whole family and provides country- and language-specific shopping experiences in selected countries. Takko's corporate ownership has changed several times. After the Tengelmann Group became a majority shareholder in 1990, the company was renamed Takko ModeMarkt GmbH & Co. KG in 1999 and sold to Permira. Advent International was the principal shareholder from 2007 to 2010, followed by a sale to Apax in December 2010. In 2023, bondholders led by Silver Point Capital, Albacore and Napier Park took a majority stake as part of a restructuring. Takko Holding GmbH is the name under which the company and its national and international subsidiaries operate. Martino Pessina was identified as responsible for the management of Takko Fashion from 16 January 2024.

Takko Fashion began in 1982 as Modea, founded by the Hettlage Group. In 1990, the Tengelmann Group became a majority shareholder. In 1999, the business was renamed Takko ModeMarkt GmbH & Co. KG and sold to private-equity investor Permira. Advent International became the principal shareholder in 2007 and remained so until 2010, when the company was sold to British investor Apax. The business later operated as Takko Holding GmbH, with national and international subsidiaries. The brand received a relaunch at the end of 2009, including a new logo and refreshed store looks. International expansion began in 2000. The company added digital retail to its physical-store network with the launch of its online shop in April 2016, and introduced a digital customer loyalty programme through a shopping app in March 2022. In 2017 it launched a private-label line for plus-size fashion. Takko experienced substantial disruption during the COVID-19 pandemic. Its German stores closed in March 2020 amid government restrictions. In February 2021, the company sought a state guarantee from North Rhine-Westphalia; discussions failed in early March. On 15 March 2021, Takko announced that its owner, investors and banks had agreed to provide a €54 million bridging loan to cover short-term operating costs. The supplied account describes the loan as a temporary liquidity measure. Ownership changed again during restructuring. Apax declined to provide additional equity, while creditors were prepared to convert debt into equity. In 2023, bondholders led by Silver Point Capital, Albacore and Napier Park took a majority stake. On 16 January 2024, Martino Pessina was reported as responsible for Takko Fashion. The supplied sources identify the retailer as active across 17 European countries, with nearly 2,000 stores in Europe and about 1,100 in Germany.

• Founded as Modea

• Tengelmann becomes majority shareholder

• Renamed and sold to Permira

• International expansion begins

• Advent International becomes principal shareholder

• Brand and store relaunch

• Sold to Apax

• Online shop launched

• Plus-size private label launched

• German stores close amid pandemic restrictions

• Bridging loan announced

• Shopping-app loyalty programme introduced

• Bondholders take majority stake

• Martino Pessina takes responsibility

A European value-oriented clothing retailer offering fashion for the whole family through physical stores and digital channels.

• Women's, men's, children's and baby clothing

  The retailer's clothing assortment serves women, men, children and babies.

• Underwear and accessories

  Underwear and accessories are part of the assortment.

• Plus-size fashion

  A private-label line for plus-size fashion was launched in 2017.

• State-guarantee discussions and bridging financingOther

• Restructuring and creditor ownershipOther

1. 1TAKKO Fashion – Choose Your Country and Languagetakko.com
2. 2Takkode.wikipedia.org
3. 3Takko Fashionwikidata.org