Telgte, August 10th, 2023. Takko Fashion, the leading European fashion quality discounter, today announced the successful closing of the transaction on a new right sized capital structure, initially announced in April. The transaction includes the transfer of the majority of the shares in the company to a group of Takko Fashion’s bondholders. Having obtained all relevant regulatory approvals, Takko Fashion has completed the transaction, which significantly strengthens the company’s financial profile and extends its debt maturities.
With the completion of the transaction Takko Fashion is now better positioned to further execute on its strategic priorities and expand its presence across Europe. The new shareholders have significant experience in the industry and will support Takko Fashion’s management team as it further develops its proven strategy of providing quality fashion at discount prices for the whole family.
Takko Fashion had strong sales in the second quarter of its financial year 2023/2024 with 17% net sales growth compared to the pre-COVID period in FY 2019/2020. Key revenue drivers included the international roll-out of the newly designed online shop and the Takko Friends customer loyalty program as well as Takko Fashion’s spring/summer collection. The results demonstrate the success of Takko Fashion’s omnichannel growth strategy which focuses on a great shopping experience that seamlessly combines online with offline.
The quality fashion discounter Takko Fashion shows solid progress toward its growth strategy despite soft market conditions, reporting a strong increase in EBITDA for the…
The quality fashion discounter Takko Fashion has reported its highest ever revenue and EBITDA for the 2024/2025 financial year.
Confirmed by a successful business development and strong customer demand, the quality fashion discounter Takko Fashion is investing in further growth.
