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Vince IPO Planned for Up to $200 Million

The confidential filing with the Securities and Exchange Commission made in July became a public document late Tuesday.

Vince is planning an initial public offering of up to $200 million.

The company filed a confidential filing in July with the Securities and Exchange Commission that was made public late Tuesday.

The filing, which said shares will trade under the symbol “VNCE”, did not state how many shares will be issued nor at what price.

The filing was made by Apparel Holding Corp., which holds the Vince business and the nonVince businesses under the Kellwood umbrella. Following the IPO, Vince will become Vince Holding Corp. The nonVince businesses will be under the Kellwood Holding Corp umbrella.

For the six months ended Aug. 3, Vince posted net income of $2.4 million on net sales of $114.7 million. Apparel Holding, including the nonVince businesses under Kellwood, posted a net loss of $25.6 million on net sales of $363.9 million.

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Kellwood acquired Vince in 2006, and was subsequently acquired by Sun Capital Partners in 2008 for an aggregate consideration of $955.4 million, including the assumption of debt, in a cash tender offer.