Miamoda, a product of Klingel, is now up for grabs in the market.
In a significant move for the plus-size fashion market, the Popken Fashion Group has successfully acquired the Miamoda brand from the insolvency assets of Klingel. The sale, which was unanimously approved by the bodies of self-administration, including the creditors' committee appointed by the District Court of Karlsruhe, became effective as of January 1, 2024.
Miamoda, a brand known for marketing fashion for larger sizes, was previously part of the Klingel group. The sale includes customer addresses and inventory, providing Popken Fashion Group with a solid foundation to build upon.
Based in Rastede, Lower Saxony, the Popken Fashion Group specializes in plus-size clothing and operates internationally. They have a strong presence in over 30 countries, selling their collections through online shops and their own stores. Their portfolio includes popular brands such as Ulla Popken, Laurasøn, Studio Untold, and JP1880.
This acquisition is not the first time Popken Fashion Group has purchased a Klingel brand. In the past, they have also acquired the HAPPYsize brand. The company's strategy with acquired brands typically involves maintaining and expanding their presence within the plus-size market, leveraging their established retail and online channels to grow the brand’s reach and collections.
The exact details about Miamoda's current status and future plans post-sale to Popken Fashion Group are yet to be announced. For the most accurate and up-to-date information, it is recommended to consult Popken Fashion Group’s official communications, press releases, or reputable fashion industry news sources.
This acquisition marks an exciting development for the plus-size fashion market, as it brings a well-known brand like Miamoda under the umbrella of a company with a proven track record in the industry. As more details emerge, we will keep you updated on the future of Miamoda under the Popken Fashion Group.
[1] Source for unrelated lingerie products and no mention of Miamoda or Popken Fashion Group. [2] Source for the Popken Fashion Group's strategy with acquired brands.
In the retail sector, the Popken Fashion Group's acquisition of Miamoda from Klingel's insolvency assets further expands their presence in the plus-size fashion market, merging a well-known brand with a company that has demonstrated success in finance and business strategies. This move could potentially improve Miamoda's financial stability and increase their ability to reach customers worldwide due to Popken Fashion Group's international connections and distribution channels.
