Vince news and archive

Vince Holding names John Szczepanski CFO

American retailer Vince Holding has announced the appointment of John Szczepanski as its new chief financial officer, effective January 2, 2024. He joins the company from Ralph Lauren, where he was most recently CFO, global supply chain, brands and the Lifestyle Group, prior to which he held a series of financial leadership positions supporting...

Business

Vince announces transformation plan to boost profitability

Vince Holding Corp. has announced a transformation program focused on driving enhanced profitability through an improved gross margin profile and optimised expense structure. The company said that the transformation efforts are expected to generate over 30 million dollars in savings over the next three years and the efforts will be led by...

Fashion

Authentic Brands Group awards Peerless licensing deal for Vince

Authentic Brands Group (Authentic), the global brand development, marketing and entertainment platform that owns men’s tailoring brand, Vince, has announced a long-term licensing partnership with Peerless to design, manufacture and distribute the brand. In a statement, Authentic said that Peerless will undertake the design of Vince’s men’s...

Business

Vince CFO Amy Levy resigns, interim appointed

Fashion retailer Vince Holding Corp has announced that its chief financial officer Amy Levy has resigned to “pursue another opportunity”, with an interim set to step into her place. Levy, who has been with the company for nearly seven years, will remain with Vince until June 30 and will then be replaced by Michael Hand, who has been appointed...

Business

Vince Holding Q1 sales hit by Rebecca Taylor wind-down, but losses narrow

US fashion group Vince Holding Corp managed to narrow its losses in the first quarter despite its sales dropping year-on-year as the wind-down of its Rebecca Taylor hit its top line. The company announced last September it would be closing down its Rebecca Taylor business to focus its resources on its namesake Vince brand. Sales in the three...

Business

Authentic completes Vince acquisition, enters licensing agreement

Authentic Brands Group has announced the finalisation of its acquisition for Vince Holding Corp (VNCE), through which it has formed a new subsidiary for the brand’s intellectual property, ABG Vince. The arrangement consisted of a total consideration to VNCE of 76.5 million dollars in cash from Authentic and 25 percent membership in the...

BusinessFeatured

Vince Holding Corp posts drop in Q4 sales as losses widen

US fashion group Vince Holding Corp has reported a 7.8 percent drop in sales in the fourth quarter as its losses widened. It comes the same day Authentic Brands Group (ABG) announced it entered into a definitive agreement to acquire the intellectual property of the Vince brand. Vince Holding Corp said Monday it made sales of 91.3 million dollars...

BusinessFeatured

Authentic Brands Group to acquire Vince, plans key market expansion

In a new development of its ongoing acquisition streak, Authentic Brands Group has now announced that it has entered into a definitive agreement to acquire the intellectual property of the luxury brand Vince. The group, which owns the rights to the likes of Juicy Couture, Ted Baker and, most recently, Quiksilver, has made an agreement with the...

Business

Vince Holding to appoint new CFO

Vince Holding Corp., a multi brand fashion conglomerate, has announced its chief financial officer David Stefko will be retiring from his role and stepping down from the company February 10, 2023. Amy Levy, Vince’s current senior vice president, financial planning and analysis and investor relations, will succeed Stefko, who is set to remain...

Business

Vince Holding sells intellectual property of Rebecca Taylor

Vince Holding is making progress with its plans announced earlier this year to unwind its Rebecca Taylor brand. In a short statement, the US company said it has sold the intellectual property and certain related ancillary assets of Rebecca Taylor to Ramani Group. Vince Holding announced in September it would be exiting its Rebecca Taylor...

BusinessFeatured

Vince Holding Corp Q3 sales increase, but swings to loss

US fashion group Vince Holding Corp has reported a 12.7 percent increase in net sales in the third quarter of the year, but swung to a loss. The group made net sales of 98.6 million dollars in the quarter ended October 29, up from 87.5 million dollars a year earlier. CEO Jack Schwefel said the growth reflected continued growth from its namesake...

BusinessFeatured

Vince Holding Corp to close Rebecca Taylor business as Q2 losses widen

US fashion group Vince Holding Corp has announced plans to exit its Rebecca Taylor business “to focus its resources on the Vince brand”. The company said it is in talks with its lenders to finalize the wind down plan, “which is expected to include selling off its assets and exiting its various business channels”. It comes as the group's...