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Vince Holding ( (VNCE) ) has provided an update.
On January 22, 2025, P180 acquired a 65% majority stake in Vince Holding Corp. for approximately $19.8 million, marking a significant shift in the company’s control from Sun Capital affiliates. This acquisition is expected to enhance Vince’s market position and profitability, with Brendan Hoffman anticipated to become CEO on February 3, 2025. Concurrently, Vince reduced its debt through a pay-down of $20 million under its Sun Debt Facility and P-180’s assumption and cancellation of $7 million in loans. The acquisition aligns with P180’s strategy to invest in luxury apparel brands and is expected to drive growth and innovation at Vince.
More about Vince Holding
Vince Holding Corp. is a global retail company that operates the Vince brand, offering women’s and men’s ready-to-wear luxury apparel and accessories. Established in 2002, Vince is known for creating elevated yet understated pieces designed for everyday style. The company operates full-price retail stores, outlet stores, an e-commerce site, and a subscription service, while also maintaining premium wholesale channels globally.
YTD Price Performance: -24.16%
Average Trading Volume: 192,728
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $37.2M
For an in-depth examination of VNCE stock, go to TipRanks’ Stock Analysis page.
