The contemporary brand seeks greater control of its destiny by focusing on fewer retailers and its own stores and web site.
Though business has been tough, the contemporary brand is advancing turnaround efforts.
Companies that have transferred assets include J. Crew, Neiman Marcus and Claire’s Stores.
The New York-based division will court U.S. and European brands with global potential.
The agreement with Sun supports turnaround efforts at Vince.
CEO Brendan Hoffman is leading efforts to turn around the performance of the contemporary brand.
B. Riley & Co. will no longer follow and analyze the brand, which has repeatedly warned of its going concern future.