Vince Holding Corp. Announces the Sale of the Intellectual Property of Rebecca Taylor, Inc.

Rhea-AI Summary

Vince Holding Corp. (NYSE: VNCE) announced the completion of the sale of its subsidiary, Rebecca Taylor, Inc.'s intellectual property and related assets to RT IPCO, LLC, an affiliate of Ramani Group. This sale is part of the previously disclosed wind-down of the Rebecca Taylor business. The company primarily operates under the Vince brand, known for luxury apparel and accessories, with numerous retail and online sales channels.

Positive

• Completion of the sale of Rebecca Taylor's intellectual property may streamline operations and focus efforts on the core Vince brand.

Negative

• The wind-down of Rebecca Taylor indicates a potential reduction in diversification and market presence.

NEW YORK--(BUSINESS WIRE)-- Vince Holding Corp. (NYSE: VNCE), a global contemporary retailer led primarily by the Vince Brand (“Vince” or the “Company”), today announced that the Company’s indirectly wholly owned subsidiary, Rebecca Taylor, Inc., completed the sale of its intellectual property and certain related ancillary assets to RT IPCO, LLC, an affiliate of Ramani Group. The sale was completed as part of the wind down of the Rebecca Taylor business previously announced by the Company.

ABOUT VINCE HOLDING CORP.

Vince Holding Corp. is a global contemporary retailer led primarily by the Vince brand. Vince, established in 2002, is a leading global luxury apparel and accessories brand best known for creating elevated yet understated pieces for every day effortless style. Known for its range of luxury products, Vince offers women’s and men’s ready-to-wear, footwear and accessories through 50 full-price retail stores, 17 outlet stores, and its e-commerce site, vince.com and through its subscription service Vince Unfold, www.vinceunfold.com, as well as through premium wholesale channels globally. Please visit www.vince.com for more information.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221223005155/en/

Investor Relations:

ICR, Inc.

Caitlin Churchill, 646-277-1274

Caitlin.Churchill@icrinc.com

Source: Vince Holding Corp.

FAQ

What assets did Vince Holding Corp. sell in the recent press release?

Vince Holding Corp. sold the intellectual property and related assets of its subsidiary, Rebecca Taylor, Inc.

Who purchased the assets from Vince Holding Corp.?

RT IPCO, LLC, an affiliate of Ramani Group, purchased the assets.

What does the completion of the sale mean for Vince Holding Corp.?

The completion of the sale may allow Vince Holding Corp. to focus more on its core operations and streamline its business.

What was announced regarding Rebecca Taylor in the press release?

The press release confirmed the completion of the sale of Rebecca Taylor's intellectual property as part of its wind-down.

How does this sale impact Vince Holding Corp.'s strategy?

This sale reflects a shift in strategy, prioritizing the core Vince brand over the Rebecca Taylor business.