Modnique & Totsy
Salus Capital Partners retained Hilco Streambank to market and sell the intellectual property assets of Modnique in an out-of-court transaction. The available assets included trademarks, domain names and customer data for Modnique and Totsy.
Modnique is a global online retailer of fashionable jewelry, apparel, shoes, watches and beauty products. It is known for its flash sales of high-end designer brands. In 2013, Modnique acquired Totsy, a renowned online retailer of baby apparel, maternity apparel, toys and housewares.
Throughout the fall of 2015, Hilco Streambank ran a marketing campaign for the intellectual property assets. After running an auction, Bidding Unlimited Inc. emerged as the successful bidder. Deal terms were not disclosed.