Vince Holding Corp., in a development bolstering turnaround efforts, has received a commitment letter from its principal shareholder Sun Capital Partners that provides the company with an amount equal to $30 million of cash proceeds if the brand conducts a rights offering of common stock to stockholders.
“We are pleased to have received this rights offering commitment letter from Sun Capital and appreciate their continued support," said Brendan Hoffman, chief executive officer of Vince Holdings Corp. The letter was received Thursday.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)