P180 Acquires Majority Stake in Vince Holding from Sun Capital

January 23, 2025

DENVER, Colo., Jan 23, 2025 (247marketnews.com)- Vince Holding (NYSE: VNCE) announced that P180 acquired a majority stake in VNCE from affiliates of Sun Capital Partners.

P180 is a new venture focused on accelerating growth and profitability in the luxury apparel sector. In conjunction with the P180 Acquisition, Brendan Hoffman is expected to assume the CEO role of VNCE early February.

Hoffman stated, “VNCE is the perfect partner for P180; the brand’s dominance in the luxury contemporary market aligns seamlessly with our acquisition strategy. In addition, as VNCE has evolved its operating model, we believe having access to the technology and team of CaaStle, founded by Christine Hunsicker, my co-founder at P180, will further advance the company’s momentum in driving improved profitability while enhancing its omni-channel experience.

“Personally, I have a strong connection to the Vince brand, having served as VNCE CEO for five years. I am excited to lead the team again as we continue to unlock new growth opportunities, drive innovation, enhance the brand’s market position, and focus on monetizing the Company’s inventory to ensure continued long-term success.”

Michael Mardy, VNCE’s Chairman, added, “P180’s acquisition represents a transformative opportunity for VNCE. With this transaction, we will gain the operational expertise and cutting-edge digital capabilities needed to drive the brand’s future success. On behalf of the Board and the organization, I would also like to thank Dave for stepping into the interim CEO role for the past year. Through his leadership, the company has continued to execute and deliver results by operating a healthier full price model. We are glad to have Dave remain on the Board and are excited to welcome Brendan back to lead the organization into its next chapter.”

This acquisition marks the third strategic deal for P180 since its inception in 2024 and follows its recent investment with the prestigious fashion label Altuzarra and digital partnership with the multi-brand premium retailer elysewalker.

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