Vince news and archive

Vince to remain listed on NYSE after compliance plan approval

Vince Holding Corp. has announced that the New York Stock Exchange (NYSE) has accepted its plan to remain listed on the stock exchange. The company, which had been notified on May 6, 2025, that it was not in compliance with listing standards, can now continue its listing. The non-compliance was due to its average market capitalisation and...

Member

Business

Vince Q1 2025: Sales decline, focus on supply chain diversification

American luxury apparel retailer Vince Holding's results for the first quarter ended May 3, 2025, highlighted the company's swift actions in response to a challenging and uncertain economic landscape. For the first quarter of fiscal 2025, total company net sales decreased by 2.1 percent to 57.9 million dollars. This decline was primarily...

Retail|In Pictures

Vince opens European flagship in London

American luxury apparel and accessories brand Vince has opened a European flagship store on Marylebone High Street in London. The two-story, 2,300-square-foot flagship marks Vince’s 44th store worldwide, and its second in London, joining its 1,400-square-foot boutique on Chelsea’s Draycott Avenue, which opened its doors in 2019. The new location...

Member

Business

Vince Holding hit with noncompliance notice from NYSE

US retail company Vince Holding Corp. has been issued with a noncompliance notice from the New York Stock Exchange (NYSE) after its market capitalisation fell below the listing standards. In a regulatory filing, Vince said it did not, at this moment, satisfy NYSE’s continued listing standard, which requires the company’s 30-day trading day...

People

Vince chief financial officer to step down

John Szczepanski, the chief financial officer of Vince Holding Corp, has announced his intention to step down to “pursue another opportunity”. He will leave the position from March 28, 2025, after which Yuji Okumura, VNCE’s current vice president, controller, will assume the role in an interim capacity. In a release, VNCE’s chief executive...

Member

Business

P180 acquires majority stake in Vince, Hoffman to return as CEO

P180, a venture focused on accelerating growth and profitability in the luxury apparel sector, has acquired a majority stake in Vince Holding from Sun Capital. In conjunction with acquisition, Vince said in a release, P180 co-founder Brendan Hoffman is expected to assume the role of chief executive officer of VNCE around February 3, 2025. With...

FeaturedMember

Business

Vince Holding: Sales decline but profit improves

For the third quarter, Vince Holding net sales decreased 4.7 percent to 80.2 million dollars driven by an 8.3 percent decrease in Vince brand direct-to-consumer sales and a 2.2 percent decrease in Vince brand wholesale sales. The company’s net income increased to 4.3 million dollars or 34 cents per diluted share, while adjusted net income was...

Member

Business

Vince Holding posts Q2 net sales growth of 6.8 percent

Vince Holding’s net sales increased 6.8 percent to 74.2 million dollars driven by a 7 percent increase in Vince brand sales due to a 29.6 percent increase in the wholesale channel. The company said in a release that the growth in the wholesale channel more than offset the 18.1 percent decline in the direct-to-consumer channel which continued to...

FeaturedMember

Business

Vince Q1 net sales drop but profitability improves

Vince Holding Corp. reported a first quarter net sales decrease of 7.6 percent to 59.2 million dollars driven by a 7.5 percent decrease in Vince brand sales and the pullback in the off-price business within the wholesale channel. The company said in a release that gross margin improved 440 basis points, gross profit rose to 29.9 million dollars...

Member

Business

Centric Brands and Authentic establish licensing deal for Vince accessories

Centric Brands has secured a licensing agreement for Vince accessories with the brand’s parent company Authentic Brands Group, which follows a third-party partnership model for its portfolio of brands. Through the deal, Centric Brands will oversee the design, manufacturing and distribution of Vince branded handbags, small leather goods and belts...

Member

Business

Vince Holding is back in the black during 'transformation year'

US clothing supplier Vince Holding Corp. has returned to profitability in the 2023/24 financial year despite a significant drop in sales. The group "took the right steps" in a "year of transformation", explained interim CEO David Stefko in a statement published on Tuesday. The company had indeed made drastic changes to its business model: the...

People

Vince CEO Jack Schwefel steps down

Vince Holding chief executive officer Jack Schwefel has resigned from the company. The company’s board of directors has appointed David (Dave) Stefko, current director and former chief financial officer as interim CEO, effective immediately. “The Board thanks Jack for his work in positioning Vince for its next chapter of growth and wishes him...