Vince Holding Corp (NASDAQ: VNCE) is an apparel company that designs, markets, and sells ready-to-wear sportswear, outerwear, and related products under the Vince brand. Revenue is generated entirely from product sales under a license agreement with ABG Vince, an indirect subsidiary of Authentic Brands Group, LLC, which acquired the Vince intellectual property in May 2023. Under that License Agreement, VNCE operates as a licensee with an initial ten-year term and eight options to renew for ten-year periods each. The company sells through a network of full-price retail stores, outlet stores, e-commerce, and wholesale channels. As of the 10-K filed April 16, 2026, the company operated 43 full-price locations and a separate set of outlet stores across the United States, with the licensed territory also covering Canada, Europe, Asia-Pacific, and other markets. VNCE is required under the License Agreement to meet minimum net sales thresholds, pay specified royalties to ABG Vince, maintain a minimum store count, and spend specified amounts on advertising and promotion.

Revenue model

All revenues are generated from sales of licensed products, specifically ready-to-wear sportswear and outerwear designated as Core Products, plus optional home décor and baby layettes, across retail, outlet, e-commerce, and wholesale channels. VNCE pays royalties to ABG Vince and must meet minimum net sales and advertising spend requirements under the License Agreement.

Products and services

Ready-to-wear sportswear and outerwear sold under the Vince brand (Core Products); home décor and baby layettes (Option Products, subject to change by ABG Vince). Products are sold through full-price stores in malls and lifestyle centers, outlet stores, the vince.com e-commerce site, and wholesale partners.

Customers and end markets

End consumers purchasing premium apparel through direct retail stores, outlet locations, e-commerce, and wholesale partners. As of the 10-K filed April 16, 2026, the company operated 43 full-price locations totaling approximately 103,186 square feet and a set of outlet stores across locations including California, New York, Illinois, Washington, Nevada, Texas, New Jersey, North Carolina, Colorado, Massachusetts, Tennessee, and others.

Value-chain role

VNCE operates as a brand licensee: it designs, manufactures (via third parties), markets, distributes, and sells products under the Vince brand, while intellectual property ownership sits with ABG Vince. VNCE is responsible for retail operations, e-commerce, wholesale distribution, marketing spend, and meeting contractual minimums set by the licensor.

Geographic exposure

Primary operations in the United States. The License Agreement covers a Core Territory including the US, Canada, select European countries, Australia, New Zealand, Mainland China, Hong Kong, Macau, Taiwan, Singapore, Japan, and Korea, plus an Option Territory adjustable unilaterally by ABG Vince.

Source: SEC 10-K, filed 2026-04-16

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