Company Overview Summary

Business Operations

• Core Brand: Vince
  • Operates as a global luxury apparel and accessories brand.
  • Known for creating elevated, understated, and premium everyday style clothing for women and men.
  • Product Offerings:
    • Women's collection includes cashmere sweaters, silk blouses, leather and suede apparel, jackets, dresses, skirts, pants, T-shirts, outerwear, and accessories.
    • Men's collection includes cashmere sweaters, woven shirts, core and fashion pants, blazers, outerwear, footwear, and accessories.

Channels & Distribution

• Retail Stores:
  • Operates 43 full-price retail stores and 14 outlet stores primarily in the U.S.
  • As of February 1, 2025, total retail space is approximately 103,978 square feet.
  • Stores are mostly located in major U.S. markets, often in luxury shopping districts and malls.
• E-commerce & Digital Platforms:
  • Runs an online store at vince.com.
  • Offers a subscription service called Vince Unfold at vincesunfold.com.
• Wholesale Business:
  • Supplies products to major department stores and specialty retailers worldwide.
  • In fiscal 2024, wholesale sales totaled $165.3 million, representing 56.3% of total net sales.
  • Relies on a small number of key wholesale partners; in fiscal 2024, more than 10% of net sales (specifically 26%) came from one partner, Nordstrom.

Business Focus & Strategy

• The company emphasizes high-quality design, attention to fit, and premium materials to position Vince as an accessible luxury brand.
• Continual collaboration with wholesale partners on merchandising and logistics.
• Focus on expanding direct-to-consumer channels, which include retail stores and e-commerce.
• Engages in marketing strategies involving traditional advertising, digital media, influencer collaborations, and public relations, with major fashion magazine features.

Recent Business Changes

• Wind-down of Rebecca Taylor & Parker Brands:
  • Rebecca Taylor, founded in 1996, was a contemporary women's wear brand.
  • Business announced to wind down in September 2022.
  • Completed sale of Rebecca Taylor assets and liquidation of inventory in early 2023.
  • Sale of all Rebecca Taylor shares finalized in May 2024.
  • Parker, a trendy women's fashion brand, had its assets sold in February 2023.
• Major Transactions:
  • In April 2023, sold Vince intellectual property assets to ABG Vince, a subsidiary of Authentic Brands Group, and entered into a licensing agreement.
  • On January 22, 2025, the company was acquired by P180 Vince Acquisition Co., a subsidiary of P180, Inc., which owns a majority stake (approximately 56% as of April 2025).

Employees & Customers

• Number of Employees: 578 employees (including 344 in retail stores).
• Customers: While the exact number of individual customers is not specified, the company serves a broad customer base through its retail stores and online platforms, aimed at consumers seeking premium, everyday luxury apparel for women and men.

Revenue & Income (Fiscal Year Ended February 1, 2025)

• Total Net Sales: $293.5 million
• Gross Profit: $145.2 million (gross margin of 49.5%)
• Net Loss: $(19.0) million
• Earnings Per Share:
  • Basic: $(1.51)
  • Diluted: $(1.51)

Summary

Vince is a luxury apparel brand focusing on high-quality, versatile clothing for men and women, with a significant sales presence across retail stores, outlet locations, and online platforms. The company has recently transitioned away from its other brands (Rebecca Taylor and Parker), and has undergone major strategic changes including a majority acquisition by P180. It emphasizes marketing through fashion media, influencer collaborations, and a strong wholesale presence, while operating a lean retail footprint in key markets.