Vince Holding in ‘exclusive, long-term license agreement with Authentic’

On May 25 the Company announced that it completed the previously announced transaction with Authentic Brands Group or Authentic . In connection with the Authentic Transaction, VNCE entered into an exclusive, long-term license agreement with Authentic for usage of the contributed intellectual property for VNCE’s existing business in a manner consistent with the Company’s current wholesale, retail and e-commerce operations. The License Agreement contains an initial ten-year term and eight ten-year renewal options allowing VNCE to renew the agreement.