Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Vince Raises $200 Million Pricing IPO Above Marketed Range

Vince Holding Corp., the clothing designer that’s backed by Sun Capital Partners Inc., raised $200 million in its initial public offering, pricing the shares above the marketed range.

The company, formerly known as Apparel Holding Corp., sold 10 million shares for $20 each, according to data compiled by Bloomberg, after offering them for $17 to $19 apiece. The shares, listed on the New York Stock Exchange under the symbol VNCE, are expected to begin trading today.

The Vince brand was acquired in 2006 by Kellwood Co., an apparel holding company that Sun Capital purchased two years later in a leveraged buyout. The private-equity firm will keep control of Apparel’s non-Vince businesses, including Rebecca Taylor and My Michelle, according to a regulatory filing. The company plans to use proceeds to pay down debt.

Vince’s IPO is the first of an apparel company in the U.S. since Michael Kors Holdings Ltd. started trading almost two years ago, according to data compiled by Bloomberg. Shares of Hong Kong-based Michael Kors have surged 58 percent this year, more than double the gain of the Standard & Poor’s 500 Index. The Bloomberg Americas Apparel Index has increased 39 percent in 2013 and is trading near record highs.

Vince was founded in 2002 in Los Angeles by Rea Laccone and Christopher LaPolice. Jill Granoff has served as chief executive officer of Vince since August 2012, after holding the CEO role at Kenneth Cole Productions Inc.

Adjusted for the separation from Apparel Holding, Vince’s sales rose 27 percent to $114.7 million in the six months ended Aug. 3, the filing shows.

Goldman Sachs Group Inc. and Robert W. Baird & Co. managed the offering.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.