Vince Group Has Raised $200 Million For IPO.

　　 Fashion brand The Vince's initial public offering plan of Kellwood Company, a retail group, said it would raise $200 million in the stock code as "VNCE". The plan was set up in July by Kellwood Company subsidiary Apparel Holding Corp., which has been secretly submitted to SEC. Vince. It will set up an independent company Vince Holding Corp. instead of the Vince business.

The amount of $200 million is the same as that of the former road agency. In mid May, according to news reports, the Vince of fashion brand retail group Kellwood Company has been hired. Goldman Sachs Group Inc Goldman Sachs and Robert W. Baird & Co. Belle Investment Consulting Co., as financial advisers, are preparing to apply for initial public offering (IPO). It is expected that the Vince IPO will be launched in September, which can raise $200 million for the brand. Bank of America Corp. (NYSE:BAC) Bank of America, UBS AG (NYSE:UBS) UBS and JPMorgan Chase & Co. (Co.) J.P. Morgan also participated in the company.

According to the Kellwood Company earnings report, in the first half of August 3, 2013, Vince achieved sales of $114 million 700 thousand, net profit of $2 million 400 thousand, Vince parent company Apparel Holding Corp. net sales of $363 million 900 thousand, net loss of $25 million 600 thousand.

Vince currently has 23 boutiques in Manhattan, Malibu, Losangeles, Chicago, Dallas, Boston, San Francisco and New York, Lines. Besides that, it also has wholesale business in Neiman Marcus, Saks Fifth Avenue (NYSE:SKS), Nordstrom (NYSE: JWN), Barneys Barneys, Marcus, and so on. Vince joined in 2007. Men's wear Business and launched the tannin Series in 2010.

Kellwood Company bought Vince for $75 million in 2006. Last December, Vince hired Lisa Klinger, an experienced financial market, as its chief financial officer with a clear purpose. In January of this year, Vince made a major personnel adjustment and made an all-out impact on IPO: both the Brand Co founders Rea Laccone and Christopher LaPolice quit in February, and appointed Kellwood CEO Jill Granoff to give consideration to the chief executive officer of Vince. At the same time, the US Korean designer, Doo-Ri Doo-Ri, was appointed as the brand creative director, responsible for design, product development and brand creative promotion activities.