Takko
Creditor consortium led by Silver Point Capital · Germany
Takko Fashion is a German value fashion chain founded in 1982 and headquartered in Telgte, Westphalia. It sells casual fashion for the whole family through close to 2,000 stores in 17 European countries and online. Since 2023 it has been majority owned by a group of former creditors.
| Founded | 1982 (as Modea) |
|---|---|
| Owner | Creditor group incl. Silver Point Capital (since 2023) |
| Headquarters | Telgte, Germany |
| Managing director | Martino Pessina (since 2024) |
| Stores | Close to 2,000 (2022) |
| Website | takko.com |
What is Takko?
Takko Fashion, operated by Takko Holding GmbH, is a discount fashion retailer offering affordable clothing for women, men, children and babies, plus lingerie and accessories. The company positions itself as casual fashion for the whole family.
History
The business began in 1982 under the name Modea, founded by the Hettlage group. Tengelmann became majority shareholder in 1990, and in 1999 the company was sold to private equity firm Permira and renamed Takko. Advent International became the main shareholder in 2007, followed by Apax in December 2010. In 2023, after Apax declined to provide further equity, a group of creditors including Silver Point Capital, Albacore and Napier Park took majority ownership. Martino Pessina, a former H&M executive, has been managing director since 2024.
Products and positioning
Takko serves price-conscious families in small and medium-sized towns. Its assortment is built on own labels:
- Womenswear such as pageone, flame and maxiblue
- Menswear such as Jean Pascale and Chapter
- Kidswear and babywear under dopodopo and CHAPTER young
- Lingerie and accessories
A plus-size own label was launched in 2017, and the brand has run celebrity collaborations such as a collection with Michelle Hunziker.
Business model and distribution
Takko operated close to 2,000 stores in 2022, about 1,100 of them in Germany, with a presence across 17 European countries from the Netherlands and France to Romania, Serbia and Estonia. Its online shop offers delivery to home or store, in-store returns and the Takko Friends loyalty programme.
Why it matters
Takko is one of the three large German textile discounters alongside KiK and NKD. Its history of successive private equity owners and its 2023 creditor takeover illustrate the financial pressures on store-heavy value fashion in Europe.
Frequently asked questions
Who owns Takko?
Since 2023 Takko has been majority owned by a group of former creditors led by Silver Point Capital, together with Albacore and Napier Park. The previous owner was private equity firm Apax.
Where is Takko from?
Takko is a German company headquartered in Telgte, near Münster in Westphalia. It traces its origins to 1982.