The factory in Honduras will produce sportswear for brands including Nike and Under Armour, according to local officials.
The companies said they will leverage complementary strengths.
Vince was the first brand in the contemporary fashion market to establish a rental service.
The company, whose products are 90 percent cotton-based, has committed to sourcing 100 percent more sustainably grown cotton.
The event, which featured 24 young labels, was held in partnership with the Fédération de la Haute Couture et de la Mode for the first time.
The collections feature both bedroom and nursery decor with an emphasis on sustainably made pieces.
Gabriela Hearst, Walmart, HanesBrands, Black in Fashion Council, ShopShops and Sustainable Apparel Coalition were the recipients of awards.
Stefan Larsson spoke briefly about the challenging 2020 and the accelerated recovery taking place.
With its five-year business plan, the trade show operator is planting the seeds to boost Milan’s attractiveness and support Italy’s SMEs.