Welcome to our dedicated page for Vince Hldg news (Ticker: VNCE), a resource for investors and traders seeking the latest updates and insights on Vince Hldg stock.
Vince Holding Corp (VNCE) delivers contemporary luxury through its minimalist California-inspired designs and premium wholesale/retail channels. This news hub provides investors and industry professionals with essential updates on the company's financial performance, strategic initiatives, and market position.
Access authoritative coverage of earnings reports, retail expansions, and product innovations across Vince's core segments. Track material developments including leadership changes, partnership announcements, and evolving consumer trends in premium apparel.
Our curated news collection features official press releases, regulatory filings, and verified market analysis. Stay informed about the company's direct-to-consumer growth strategies, Rebecca Taylor brand developments, and sustainability initiatives within luxury fashion.
Bookmark this page for streamlined access to Vince's operational milestones. Combine fundamental analysis with timely updates to monitor how the brand's commitment to cashmere craftsmanship and elevated essentials translates to market performance.
Vince Holding Corp. (NYSE: VNCE) has appointed Yuji Okumura as Chief Financial Officer, effective April 14, 2025. Okumura, who has been serving as interim CFO since March 2025 and Controller since September 2020, brings nearly two decades of accounting and financial reporting experience to the role.
Prior to joining VNCE as Director of Financial Reporting in 2018, Okumura spent over 11 years at KPMG US in public accounting. The company also announced plans to report its fourth quarter and fiscal year 2024 financial results before market opening on May 2, 2025, followed by a conference call at 8:30 a.m. ET.
Vince Holding Corp. (NYSE: VNCE) announced a significant leadership change with CFO John Szczepanski stepping down effective March 28, 2025. Yuji Okumura, current VP Controller, will assume the role of Interim CFO.
Okumura brings nearly two decades of accounting experience, including serving as VP Controller since 2020 and previously working at KPMG US for over 11 years. The company reaffirmed its Q4 and full-year fiscal 2024 guidance as disclosed on December 10, 2024.
Following the previously announced P180 Transaction, where P180 Inc. acquired majority ownership, VNCE is conducting goodwill impairment analyses. The company warns of a potential non-cash impairment charge that could negatively impact financial results. Q4 and full-year fiscal 2024 results are expected by April 25, 2025.
Vince Holding Corp. (NYSE: VNCE) announced that P180 has acquired a majority stake from Sun Capital Partners. As part of the transaction, Brendan Hoffman is expected to become CEO effective February 3, 2025, replacing interim CEO David Stefko, who will remain on the board.
The deal includes significant debt reduction through multiple transactions: a $20 million pay-down of the Sun Debt Facility using $15 million from increased ABL Credit Facility borrowings, and P180's acquisition and cancellation of $7 million in loans. This reduces VNCE's subordinated debt by approximately $27 million, leaving $7.5 million outstanding.
Following the acquisition, P180 owns approximately 65% of VNCE's outstanding common stock, while Sun Capital retains about 2%. P180 has agreed to reimburse certain transaction-related fees and expenses, including legal fees and BofA consent fees.
Vince Holding Corp. (NYSE: VNCE) has announced its upcoming participation in the 27th Annual ICR Conference at Grande Lakes Orlando in Orlando, FL. The company's management will deliver a presentation on Tuesday, January 14, 2025, at 9:30 a.m. Eastern Time. Investors and interested parties can access the live webcast through the company's Investor Relations website at http://investors.vince.com/. An archived version of the presentation will be made available on the same platform following the event.
Vince Holding Corp. (NYSE: VNCE) reported Q3 2024 financial results with net sales of $80.2 million, down 4.7% from $84.1 million in Q3 2023. The company achieved significant gross margin expansion of 580 basis points to 50.0%. Net income increased to $4.3 million ($0.34 per share) compared to $1.0 million ($0.08 per share) last year.
The decrease in revenue was attributed to an 8.3% decline in Vince brand direct-to-consumer sales and a 2.2% decrease in wholesale sales. The company maintains its full-year FY2024 outlook, expecting low-single-digit revenue decrease compared to FY2023's $292.9 million, with operating margin improvement of 25-50 basis points.
Vince Holding Corp. (NYSE: VNCE) has announced it will release its third quarter 2024 financial results before the market opens on Tuesday, December 10, 2024. The company will host a conference call at 8:30 a.m. ET on the same day to discuss the results. During the call, management may address questions about business developments, trends, and financial matters, including previously undisclosed information. Interested parties can participate by dialing 833-470-1428 (conference ID 402475) or accessing the call via the company's investor website. A recording will be available for 12 months afterward.
Vince Holding Corp. (NYSE: VNCE), a global contemporary retailer, has announced its participation in Noble Capital Markets' C-Suite Interview Series. The interview, which is presented by Channelchek, features Interim CEO David Stefko and CFO John Szczepanski in conversation with Noble Capital Markets Senior Research Analyst Michael Kupinski.
The interview was recorded on October 15, 2024, and is now available for viewing on Channelchek's platform. Additionally, investors and interested parties can access the interview through Vince Holding Corp.'s official website at http://investors.vince.com.
Vince Holding Corp. (NYSE: VNCE) reported Q2 2024 results with net sales of $74.2 million, up 6.8% year-over-year. The company saw a 7.0% increase in Vince brand sales, driven by a 29.6% increase in wholesale channel sales. However, direct-to-consumer sales declined 18.1%. Gross margin improved by 80 basis points to 47.4%. The company reported net income of $0.6 million or $0.05 per diluted share. VNCE updated its full-year FY2024 outlook, now expecting a low-single-digit decrease in total company net sales compared to FY2023's $292.9 million. The company also announced a $1 million stock repurchase program and is progressing with its Transformation Program, aimed at driving enhanced profitability.
Vince Holding Corp. (NYSE: VNCE), a global contemporary retailer, has announced its plans to report second quarter 2024 financial results after market close on Monday, September 16, 2024. The company will hold a conference call at 4:30 p.m. ET on the same day to discuss the results. During the call, Vince may address questions about business and financial developments, trends, and other matters, potentially disclosing previously unreleased information.
Interested parties can participate in the call by dialing 833-470-1428 with conference ID 726141. The call will also be accessible via the internet at http://investors.vince.com/. A recording of the call will be available for 12 months after the event at the same website.
Vince Holding Corp. (NYSE: VNCE), a global contemporary retailer, announced that Small Cap Consumer Research and Noble Capital Markets have initiated equity research coverage on the company. Both firms have rated VNCE positively, with Small Cap Consumer Research giving a Buy rating and a $3.00 price target, and Noble Capital Markets providing an Outperform rating, also with a $3.00 price target. These reports and additional market data are available on Channelchek.
