Modnique & Totsy

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About Hilco Streambank

Hilco Streambank is a market leading advisory firm specializing in intellectual property disposition and valuation. Over the last decade Hilco Streambank has become a leader in the IP valuation and disposition market. Having completed numerous transactions including sales in publicly reported Chapter 11 bankruptcy cases as well as private transactions, Hilco Streambank has established itself in the internet and telecom community as a responsible and effective intermediary in the space.

Modnique and 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.

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