Vince Prepping For Second IPO Since November 2013

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In November 2013, contemporary clothing line Vince/Vince Holding Corp. (VNCE) rose 43% in its trading debut as investors bought shares in the first apparel company to go public in the U.S. since Michael Kors Holding Ltd. (KORS) in 2011.

The company raised $200 million selling 10 million shares for $20 each, according to a statement, after offering them for $17-$19 apiece.

The brand, known for its cashmere sweaters, leather jackets and silk tops announced yesterday Monday (June 23) that it is now prepping for a secondary offering.

The brand’s majority stakeholder (Sun Capital Partners) is now looking to sell off its share less than a year after receiving an successful initial public offering (IPO). Fashionista is reporting that “According to an SEC (U.S. Securities and Exchange Commissions) filing from Monday, the 3,550,373 shares being offered include those held by Sun Capital, which has been an investor in the brand since 2008.”

Earlier this month Vince had hired former Philosophy designer Natalie Ratabesi as its new creative director.

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Photo Credit: A look from Vince’s pre-fall collection via Vince

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Donovan

Donovan is the CEO and Editor-In-Chief of www.dmfashionbook.com. For all general inquiries please email don@dmfashionbook.com Donovan has a BA in Journalism & Media Studies from the prestigious Rutgers University. He's currently studying entertainment and fashion law.