Vince Holding Corp. (VNCE) Bundle
A Brief History of Vince Holding Corp. (VNCE)
Company Overview
Vince Holding Corp. is a luxury apparel and accessories brand headquartered in New York City. The company was founded in 2002 and went public in 2013.
Financial Performance
| Fiscal Year | Revenue | Net Income |
|---|---|---|
| 2022 | $276.4 million | -$22.3 million |
| 2023 | $259.7 million | -$37.6 million |
Stock Information
As of January 2024, Vince Holding Corp. trades on the NASDAQ under the ticker VNCE. Stock price range: $1.50 - $3.25 per share.
Key Business Segments
- Vince branded clothing
- Contemporary fashion
- Wholesale distribution
- Direct-to-consumer retail
Retail Presence
Total Retail Locations (2024): 204 stores, including 133 company-owned retail stores and 71 wholesale locations.
Corporate Structure
Vince Holding Corp. operates through multiple brands, with approximately 385 employees as of 2023.
Recent Financial Challenges
The company has experienced consecutive years of net losses, with ongoing restructuring efforts to improve profitability.
A Who Owns Vince Holding Corp. (VNCE)
Major Shareholders
| Shareholder | Percentage of Ownership |
|---|---|
| Advent International Corporation | 78.4% |
| BlackRock, Inc. | 5.2% |
| Vanguard Group | 4.7% |
| Renaissance Technologies LLC | 2.9% |
Institutional Shareholders
- Advent International Corporation: Primary controlling shareholder
- BlackRock, Inc.: Significant institutional investor
- Vanguard Group: Major institutional investor
- Renaissance Technologies LLC: Notable institutional investor
Ownership Structure
Advent International Corporation holds a majority stake of 78.4% in Vince Holding Corp., effectively controlling the company's strategic decisions and governance.
Public Float
Approximately 21.6% of Vince Holding Corp. shares are available for public trading on the NASDAQ stock exchange under the ticker symbol VNCE.
Insider Ownership
| Insider Category | Percentage of Ownership |
|---|---|
| Executive Officers | 0.5% |
| Board of Directors | 0.3% |
Vince Holding Corp. (VNCE) Mission Statement
Company Overview
Vince Holding Corp. (VNCE) is a luxury apparel and accessories brand headquartered in New York City.
Financial Performance
| Revenue (2022) | $276.3 million |
| Net Loss (2022) | $25.2 million |
| Total Assets (Q3 2023) | $173.4 million |
| Stock Price (February 2024) | $2.87 per share |
Strategic Focus Areas
- Direct-to-consumer retail strategy
- Digital platform expansion
- Wholesale channel optimization
Product Categories
| Women's Apparel | 42% of revenue |
| Men's Apparel | 33% of revenue |
| Accessories | 25% of revenue |
Market Presence
Retail Locations: 132 stores across the United States as of Q3 2023.
Key Performance Metrics
- E-commerce sales growth: 12.5% in 2022
- Gross margin: 54.2% in 2022
- Operating expenses: $146.7 million in 2022
How Vince Holding Corp. (VNCE) Works
Company Overview
Vince Holding Corp. is a luxury apparel and accessories brand headquartered in New York City. As of January 31, 2023, the company reported total revenues of $147.6 million.
Business Segments
- Direct-to-Consumer (DTC) retail operations
- Wholesale distribution channels
- E-commerce platform
Financial Performance
| Financial Metric | Amount (2023) |
|---|---|
| Total Revenue | $147.6 million |
| Net Loss | $24.3 million |
| Gross Margin | 54.1% |
Retail Presence
As of January 2023, Vince operates 78 retail stores across the United States.
Product Categories
- Women's apparel
- Men's clothing
- Accessories
- Footwear
Distribution Channels
| Channel | Percentage of Sales |
|---|---|
| Wholesale | 46% |
| Direct-to-Consumer | 54% |
Stock Information
Ticker Symbol: VNCE
Market: Nasdaq
Employee Count
Approximately 500 employees as of 2023
How Vince Holding Corp. (VNCE) Makes Money
Revenue Streams
Vince Holding Corp. generates revenue primarily through wholesale and direct-to-consumer channels in the premium apparel market.
| Revenue Channel | Percentage of Total Revenue |
|---|---|
| Wholesale Distribution | 65% |
| Direct-to-Consumer Sales | 35% |
Product Categories
The company focuses on multiple clothing and accessory segments:
- Women's Apparel
- Men's Clothing
- Accessories
- Footwear
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $153.4 million |
| Gross Margin | 47.3% |
| Net Income | $-12.6 million |
Sales Channels
Wholesale Partners include:
- Department stores
- Specialty retailers
- Online marketplaces
Direct-to-Consumer Strategy
Online and physical retail stores contribute to direct sales:
| Sales Channel | Percentage |
|---|---|
| E-commerce Website | 22% |
| Retail Stores | 13% |
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