Could Vince be Preparing to Go Public?
Apparel Holding Corp., which will be renamed Vince Holding Corp. prior to the closing of the proposed offering, has announced that it has confidentially submitted a draft registration statement on Form S-1 with the Securities and Exchange Commission (the “SEC”) relating to the proposed initial public offering of its common stock.
The number of shares to be offered and the price range for the offering have not yet been determined. Apparel Holding Corp. is an affiliated portfolio company of Sun Capital Partners, Inc.
According to a source it has been stated the offering will be used to decrease debt and expand with more stores.
The initial public offering is expected to commence after the SEC completes the review process with respect to Apparel Holding Corp.’s registration statement, subject to market conditions and other conditions.
Founded in 2002, Vince is a leading luxury, contemporary brand known for modern, effortless style and its everyday fashion-forward essentials. Vince offers a broad range of women’s and men’s ready-to-wear including its signature cashmere sweaters, shearling coats, leather jackets, luxe leggings, dresses, silk blouses, denim and shoes.
By Lolita A. Alford