Alexander Mattschull named Co-CEO of Takko Fashion

Alexander Mattschull has become the Co-CEO of Takko Fashion while former Lidl CEO Karl-Heinz Holland signs onto the brand as a new member of the Advisory Board.

Mattschull has worked with the company since 2004 and developed its foreign offices in countries like India, China and Bangladesh. He previously served as one of four managing directors - responsible for product management, quality control, sourcing and planning and Allocation. As of June 1, he will also manage human resources.

The news comes as Holland takes over the position of Chairman.

"With Karl-Heinz Holland we gain absolute expertise in our advisory board in order to further focus on our strategic orientation and to continue writing the success story of Takko Fashion," said CEO Arnold Mattschull in a press release.

Holland’s past experience includes working as the CEO of the food brand Lidl from 2008 to 2014.

Takko Fashion has almost 1,900 stores in 17 countries and offers an array of affordable styles. Its accessible collection is also available on takko.com.

Image credit: Takko Fashion company page