Authentic Brands Group Has Finalized Its Acquisition of Vince

Authentic Brands Group has officially completed its acquisition of the fashion brand Vince. The company behind dozens of brand and retailer acquisitions first announced in April that it had entered into a deal with Vince Holding Corp. (VNCE) to acquire the intellectual property of the Vince brand. As part of the agreement, Vince intellectual property now lives under a subsidiary within Authentic called ABG Vince. Authentic owns a 75 percent majority stake of the group (in exchange for $76.5 million) and Vince Holding retained a 25 percent stake. The two parties also entered into an exclusive long-term agreement, whereby Vince Holding is now the licensing partner for the brand’s core categories and will manage its 60-plus retail stores, wholesale accounts and e-commerce operations. Vince Holding said the license agreement contains an initial 10-year term, plus eight 10-year renewal options. “We are thrilled to officially welcome Vince into the Authentic fold,” said Jamie Salter, founder, chairman and CEO of Authentic, in a statement. “The addition of Vince reinforces our position in the luxury sportswear market. Authentic’s proprietary platform and global network of best-in-class partners together with the visionary expertise of the Vince Holding team positions the brand for continued global expansion and success.” Established in 2002,

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