VINCE HOLDING CORP.d18rn0p25nwr6d.cloudfront.net/CIK-0001579157/94255def-82...Vince products are sold in prestige distribution worldwide, including approximately 2,000 distribution

UNITED STATESSECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-K

(Mark One)☒☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended February 2, 2019☐☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Commission File Number: 001-36212

VINCE HOLDING CORP.(Exact name of registrant as specified in its charter)

Delaware 75-3264870

(State or other jurisdiction ofincorporation or organization)

(I.R.S. EmployerIdentification No.)

500 5th Avenue—20th FloorNew York, New York 10110

(Address of principal executive offices) (Zip code)

(212) 515-2600(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act: Title of Each Class Name of Each Exchange on Which Registered

Common Stock, $0.01 par value per share New York Stock Exchange

Securities registered pursuant to Section 12(g) of the Act: None

Indicatebycheckmarkiftheregistrantisawell-knownseasonedissuer,asdefinedinRule405oftheSecuritiesAct.Yes☐No☒IndicatebycheckmarkiftheregistrantisnotrequiredtofilereportspursuanttoSection13orSection15(d)oftheAct.Yes☐No☒Indicatebycheckmarkwhethertheregistrant:(1)hasfiledallreportsrequiredtobefiledbySection13or15(d)oftheSecuritiesExchangeActof1934duringthepreceding12months(orforsuchshorterperiodthattheregistrantwasrequiredtofilesuchreports),and(2)hasbeensubjecttosuchfilingrequirementsforthepast90days.Yes☒No☐IndicatebycheckmarkwhethertheregistranthassubmittedelectronicallyeveryInteractiveDataFilerequiredtobesubmittedpursuanttoRule405ofRegulationS-T(§232.405ofthischapter)duringthepreceding12months(orforsuchshorterperiodthattheregistrantwasrequiredtosubmitsuchfiles).Yes☒No☐IndicatebycheckmarkifdisclosureofdelinquentfilerspursuanttoItem405ofRegulationofS-K(§229.405ofthischapter)isnotcontainedherein,andwillnotbecontained,tothebestoftheregistrant’sknowledge,indefinitiveproxyorinformationstatementsincorporatedbyreferenceinPartIIIofthisForm10-KoranyamendmenttothisForm10-K.☒Indicatebycheckmarkwhethertheregistrantisalargeacceleratedfiler,anacceleratedfiler,anon-acceleratedfiler,smallerreportingcompany,oremerginggrowthcompany.Seethedefinitionsof“largeacceleratedfiler,”“acceleratedfiler,”“smallerreportingcompany,”and“emerginggrowthcompany”inRule12b-2oftheExchangeAct. Largeacceleratedfiler ☐ Acceleratedfiler ☐

Non-acceleratedfiler ☒ Smallerreportingcompany ☒

Emerginggrowthcompany ☐

Ifanemerginggrowthcompany,indicatebycheckmarkiftheregistranthaselectednottousetheextendedtransitionperiodforcomplyingwithanyneworrevisedfinancialaccountingstandardsprovidedpursuanttoSection13(a)oftheExchangeAct.☐Indicatebycheckmarkwhethertheregistrantisashellcompany(asdefinedinRule12b-2oftheExchangeAct).Yes☐No☒Theaggregatemarketvalueoftheregistrant’sCommonStockheldbynon-affiliatesasofAugust4,2018,thelastdayoftheregistrant’smostrecentlycompletedsecondquarter,wasapproximately$55.1millionbasedonaclosingpricepershareof$17.79asreportedontheNewYorkStockExchangeonAugust3,2018.AsofMarch29,2019,therewere11,622,994sharesoftheregistrant’sCommonStockoutstanding.Portionsoftheregistrant’sdefinitiveproxystatementtobefiledwiththeSecuritiesandExchangeCommissioninconnectionwiththeregistrant’s2019annualmeetingofstockholdersareincorporatedbyreferenceintoPartIIIofthisAnnualReportonForm10-K.

Table of Contents

Page

Number

PART I 4Item1. Business 4Item1A. RiskFactors 8Item1B. UnresolvedStaffComments 24Item2. Properties 24Item3. LegalProceedings 25Item4. MineSafetyDisclosures 25

PART II 26Item5. MarketforRegistrant’sCommonEquity,RelatedStockholderMattersandIssuerPurchasesofEquitySecurities 26Item6. SelectedFinancialData 27Item7. Management’sDiscussionandAnalysisofFinancialConditionandResultsofOperations 28Item8. FinancialStatementsandSupplementaryData 42Item9. ChangesinandDisagreementsWithAccountantsonAccountingandFinancialDisclosure 43Item9A. ControlsandProcedures 43Item9B. OtherInformation 45

PART III 45Item10. Directors,ExecutiveOfficersandCorporateGovernance 45Item11. ExecutiveCompensation 46Item12. SecurityOwnershipofCertainBeneficialOwnersandManagementandRelatedStockholderMatters 46Item13. CertainRelationshipsandRelatedTransactions,andDirectorIndependence 46Item14. PrincipalAccountantFeesandServices 46

PART IV 46Item15. Exhibits,FinancialStatementSchedules 46Item16. Form10-KSummary 49

INTRODUCTORY NOTE

OnNovember27,2013,VinceHoldingCorp.(“VHC”orthe“Company”),previouslyknownasApparelHoldingCorp.,closedaninitialpublicoffering(“IPO”)ofitscommonstockandcompletedaseriesofrestructuringtransactions(the“RestructuringTransactions”)throughwhichKellwoodHolding,LLCacquiredthenon-Vincebusinesses,whichincludedKellwoodCompany,LLC(“KellwoodCompany”or“Kellwood”),fromtheCompany.TheCompanycontinuestoownandoperatetheVincebusiness,whichincludesVince,LLC.

OnNovember18,2016,KellwoodIntermediateHolding,LLCandKellwoodCompany,LLCenteredintoaUnitPurchaseAgreementwithSinoAcquisition,LLC(the“KellwoodPurchaser”)wherebytheKellwoodPurchaseragreedtopurchasealloftheoutstandingequityinterestsofKellwoodCompany,LLC.Priortotheclosing,KellwoodIntermediateHolding,LLCandKellwoodCompany,LLCconductedapre-closingreorganizationpursuanttowhichcertainassetsofKellwoodCompany,LLCweredistributedtoanewlyformedsubsidiaryofKellwoodIntermediateHolding,LLC,St.LouisTransition,LLC(“St.Louis,LLC”).ThetransactionclosedonDecember21,2016(the“KellwoodSale”).

DISCLOSURES REGARDING FORWARD-LOOKING STATEMENTS

ThisAnnualReportonForm10-K,andanystatementsincorporatedbyreferenceherein,containsforward-lookingstatementsunderthePrivateSecuritiesLitigationReformActof1995.Forward-lookingstatementsareindicatedbywordsorphrasessuchas“may,”“will,”“should,”“believe,”“expect,”“seek,”“anticipate,”“intend,”“estimate,”“plan,”“target,”“project,”“forecast,”“envision”andothersimilarphrases.Althoughwebelievetheassumptionsandexpectationsreflectedintheseforward-lookingstatementsarereasonable,theseassumptionsandexpectationsmaynotprovetobecorrectandwemaynotachievetheresultsorbenefitsanticipated.Theseforward-lookingstatementsarenotguaranteesofactualresults,andouractualresultsmaydiffermateriallyfromthosesuggestedintheforward-lookingstatements.Theseforward-lookingstatementsinvolveanumberofrisksanduncertainties,someofwhicharebeyondourcontrol,including,withoutlimitation:ourabilitytorealizethebenefitsofourstrategicinitiatives;ourabilitytomaintainourlargerwholesalepartners;theexecutionandmanagementofourretailstoregrowthplans;ourabilitytomakeleasepaymentswhendue;ourabilitytoexpandourproductofferingsintonewproductcategories,includingtheabilitytofindsuitablelicensingpartners;ourabilitytocomplywiththeobligationsunderourcreditfacilities;ourabilitytocontinuehavingtheliquiditynecessarytoserviceourdebt,meetcontractualpaymentobligations,andfundouroperations;ourabilitytoremediatetheidentifiedmaterialweaknessinourinternalcontroloverfinancialreporting;ourabilitytooptimizeoursystems,processesandfunctions;ourabilitytomitigatesystemsecurityriskissuesaswellasothermajorsystemfailures;ourabilitytocomplywithprivacy-relatedobligations;ourabilitytocomplywithdomesticandinternationallaws,regulationsandorders;changesinlawsandregulations;ourabilitytoensuretheproperoperationofthedistributionfacilitiesbythird-partylogisticsproviders;ourabilitytoanticipateand/orreacttochangesincustomerdemandandattractnewcustomers,includinginconnectionwithmakinginventorycommitments;ourabilitytoremaincompetitiveintheareasofmerchandisequality,price,breadthofselectionandcustomerservice;ourabilitytokeepastrongbrandimage;changesinglobaleconomiesandcreditandfinancialmarkets;ourabilitytoattractandretainkeypersonnel;ourabilitytoprotectourtrademarksintheU.S.andinternationally;theexecutionandmanagementofourinternationalexpansion,includingourabilitytopromoteourbrandandmerchandiseoutsidetheU.S.andfindsuitablepartnersincertaingeographies;ourcurrentandfuturelicensingarrangements;theextentofourforeignsourcing;fluctuationsintheprice,availabilityandqualityofrawmaterials;commodity,rawmaterialandothercostincreases;ourrelianceonindependentmanufacturers;seasonalandquarterlyvariationsinourrevenueandincome;furtherimpairmentofourgoodwillandindefinite-livedintangibleassets;competition;othertaxmatters;andotherfactorsassetforthfromtimetotimeinourSecuritiesandExchangeCommissionfilings,includingthosedescribedinthisAnnualReportonForm10-Kundertheheading“Item1A—RiskFactors.”Weintendtheseforward-lookingstatementstospeakonlyasofthetimeofthisAnnualReportonForm10-Kanddonotundertaketoupdateorrevisethemasmoreinformationbecomesavailable,exceptasrequiredbylaw.

P ART I

ITEM 1. BUSINESS.

For purposes of this Annual Report on Form 10-K, “Vince,” the “Company,” “we,” “us,” and “our,” refer to Vince Holding Corp. (“VHC”) and itswholly owned subsidiaries, including Vince Intermediate Holding, LLC and Vince, LLC. References to “Kellwood” refer, as applicable, to Kellwood Holding,LLC and its consolidated subsidiaries (including Kellwood Company, LLC) or the operations of the non-Vince businesses after giving effect to theRestructuring Transactions and prior to the Kellwood Sale.

Overview

Establishedin2002,Vinceisagloballuxuryapparelandaccessoriesbrandbestknownforcreatingelevatedyetunderstatedpiecesforeveryday.Thecollectionsareinspiredbythebrand’sCaliforniaoriginsandembodyafeelingofwarmandeffortlessstyle.Vincedesignsuncomplicatedyetrefinedpiecesthatapproachdressingwithasenseofease.Knownforitsrangeofluxuryproducts,Vinceofferswidearrayofwomen’sandmen’sready-to-wear,shoes,andcapsulecollectionofhandbags,andhomeforagloballifestyle.Vinceproductsaresoldinprestigedistributionworldwide,includingapproximately2,000distributionlocationsacrossmorethan40countries.Wehaveasmallnumberofwholesalepartnerswhoaccountforasignificantportionofournetsales.Infiscal2018,salestotwowholesalepartners,NordstromInc.,andNeimanMarcusGroupLTD,eachaccountedformorethantenpercentoftheCompany’snetsales.Thesesalesrepresented33.7%offiscal2018netsales.Infiscal2017,salestoonewholesalepartner,Nordstrom,accountedformorethantenpercentoftheCompany’snetsales.Thesesalesrepresented21.9%offiscal2017netsales.Infiscal2016,salestothreewholesalepartners,Nordstrom,Hudson’sBayCompany,andNeimanMarcusGroup,eachaccountedformorethantenpercentoftheCompany’snetsales.Thesesalesrepresented45%offiscal2016netsales.

WedesignourproductsintheU.S.andsourcethevastmajorityofourproductsfromcontractmanufacturersoutsidetheU.S.,primarilyinAsia.

WeserveourcustomersthroughavarietyofchannelsthatreinforcetheVincebrandimage.Ourdiversifiedchannelstrategyallowsustointroduceourproductstocustomersthroughmultipledistributionpointsthatarereportedintwosegments:WholesaleandDirect-to-consumer.OurWholesalesegmentiscomprisedofsalestomajordepartmentstoresandspecialtystoresintheU.S.andinselectinternationalmarkets,withU.S.wholesalerepresenting47%,51%and51%ofourfiscal2018,fiscal2017andfiscal2016netsales,respectively,andthetotalWholesalesegmentrepresenting57%,61%and63%ofnetsalesforthesameperiods.Internationalwholesalerepresented9%,9%and10%ofnetsalesforfiscal2018,fiscal2017andfiscal2016,respectively.OurWholesalesegmentalsoincludesourlicensingbusinessrelatedtoourlicensingarrangementforourwomen’sandmen’sfootwear.Duringthethirdquarteroffiscalyear2017,weenteredintolimiteddistributionarrangementswithNordstrom.andNeimanMarcusGroupfornon-licensedproductinordertorationalizeourdepartmentstoredistributionstrategywhichisintendedtoimproveprofitabilityintheWholesalesegmentandtoenableustofocusonotherareasofgrowthforthebrand,particularlyintheDirect-to-consumersegment.Weimplementedvariousstrategicinitiativestocapturethesalesfromexitedwholesaledoorsthroughourretailande-commercebusinesseswhilecollaboratingwiththewholesalepartnersinvariousareasincludingmerchandisingandlogisticstobuildamoreprofitableandfocusedwholesalebusiness.

OurDirect-to-consumersegmentincludesourcompany-operatedretailandoutletstoresandoure-commercebusiness.Duringfiscal2018,weopenednetfournewfull-priceretailstores.AsofFebruary2,2019,weoperated59stores,consistingof45company-operatedfull-priceretailstoresand14company-operatedoutletlocations.TheDirect-to-consumersegmentalsoincludesoure-commercewebsite,www.vince.com.TheDirect-to-consumersegmentaccountedfor43%,39%and37%offiscal2018,fiscal2017andfiscal2016netsales,respectively.

Vinceoperatesonafiscalcalendarwidelyusedbytheretailindustrythatresultsinagivenfiscalyearconsistingofa52or53-weekperiodendingontheSaturdayclosesttoJanuary31.

• Referencesto“fiscalyear2018”or“fiscal2018”refertothefiscalyearendedFebruary2,2019;

• Referencesto“fiscalyear2017”or“fiscal2017”refertothefiscalyearendedFebruary3,2018;and

• Referencesto“fiscalyear2016”or“fiscal2016”refertothefiscalyearendedJanuary28,2017.

Fiscalyear2017consistedofa53-weekperiod.Eachoffiscalyears2018and2016consistedofa52-weekperiod.

Ourprincipalexecutiveofficeislocatedat5005thAvenue,20thFloor,NewYork,NewYork10110andourtelephonenumberis(212)515-2600.Ourcorporatewebsiteaddressiswww.vince.com.

Brand and Products

style.Vincedesignsuncomplicatedyetrefinedpiecesthatapproachdressingwithasenseofease.Knownforitsrangeofluxuryproducts,Vinceofferswomen’sandmen’sready-to-wearandfootwearaswellascapsulecollectionsofhandbags,fragrance,andhomeforagloballifestyle.Vinceproductsaresoldinprestigelocationsworldwide.Webelievethatourdifferentiateddesignaestheticandstrongattentiontodetailandfitallowustomaintainpremiumpricing,andthatthecombinationofqualityandvaluepositionsVinceasaneverydayluxurybrandthatencouragesrepeatpurchasesamongourcustomers.Wealsobelievethatwecanexpandourproductassortmentanddistributethisexpandedproductassortmentthroughourbrandedretaillocationsandonoure-commerceplatform,aswellasthroughourpremierwholesalepartnersintheU.S.andselectinternationalmarkets.

Ourwomen’scollectionincludesseasonalcollectionsofluxuriouscashmeresweatersandsilkblouses,leatherandsuedeleggingsandjackets,dresses,skirts,denim,pants,t-shirts,footwearandouterwear.

Ourmen’scollectionincludest-shirts,knitandwoventops,sweaters,denim,pants,blazers,footwear,andouterwear.

Wecontinuetoevaluateotherbrandextensionopportunitiesthroughbothin-housedevelopmentactivitiesaswellasthroughpotentialpartnershipsorlicensingarrangementswiththirdparties.

Design and Merchandising

WearefocusedondevelopinganelevatedcollectionofVinceapparelandaccessoriesthatbuildsuponthebrand’sproductheritageofmodern,effortlessstyleandeverydayluxuryessentials.Thecurrentdesignvisionistocreateacohesiveandcompellingproductassortmentwithsophisticatedhead-to-toelooksformultiplewearoccasions.Ourdesigneffortsaresupportedbywell-establishedproductdevelopmentandproductionteams.Webelievecontinuedcollaborationbetweendesignandmerchandisingwillensurewerespondtoconsumerpreferencesandmarkettrendswithnewinnovativeproductofferingswhilemaintainingourcorefashionfoundation.

Business Segments

WeserveourcustomersthroughavarietyofchannelsthatreinforcetheVincebrandimage.Ourdiversifiedchannelstrategyallowsustointroduceourproductstocustomersthroughapproximately2,000distributionlocationsacrossmorethan40countriesthatarereportedintwosegments:WholesaleandDirect-to-consumer.

Fiscal Year 2018 2017 2016 (in thousands) Wholesale $ 159,634 $ 166,113 $ 170,053Direct-to-consumer 119,317 106,469 $ 98,146

Totalnetsales $ 278,951 $ 272,582 $ 268,199

WholesaleSegment

OurWholesalesegmentiscomprisedofsalestomajordepartmentstoresandspecialtystoresintheU.S.andinselectinternationalmarkets,withU.S.wholesalerepresenting47%,51%and51%ofnetsalesinfiscal2018,fiscal2017andfiscal2016,respectively,andinternationalwholesalerepresenting9%,9%and10%ofnetsalesforthesameperiods.Duringthethirdquarteroffiscal2017,weenteredintolimiteddistributionarrangementswithNordstrom,Inc.andNeimanMarcusGroupLTDinordertorationalizeourdepartmentstoredistributionstrategywhichisintendedtoimproveprofitabilityintheWholesalesegmentandtoenableustofocusonotherareasofgrowthforthebrand,particularlyintheDirect-to-consumersegment.

OurWholesalesegmentalsoincludesourlicensingbusinessrelatedtoourlicensingarrangementforourwomen’sandmen’sfootwearline.Thelicensedproductsaresoldinourownstoresandbyourlicenseetoselectwholesalepartners.Weearnaroyaltybasedonnetsalestothewholesalepartners.

Direct-to-consumerSegment

OurDirect-to-consumersegmentincludesourcompany-operatedretailandoutletstoresandoure-commercebusiness.AsofFebruary2,2019,weoperated59stores,whichconsistedof45company-operatedfull-priceretailstoresand14company-operatedoutletlocations.TheDirect-to-consumersegmentalsoincludesoure-commercewebsite,www.vince.com.TheDirect-to-consumersegmentaccountedfor43%,39%and37%ofnetsalesinfiscal2018,fiscal2017andfiscal2016,respectively.

Thefollowingtabledetailsthenumberofretailstoresweoperatedforthepastthreefiscalyears:

Fiscal Year 2018 2017 2016 Beginningoffiscalyear 55 54 48NetOpened 4 1 6Endoffiscalyear 59 55 54

Marketing, Advertising and Public Relations

Weusemarketing,advertisingandpublicrelationsascriticaltoolstodeliveraconsistentandcompellingbrandmessagetoconsumers.Ourbrandmessageandmarketingstrategiesarecultivatedbydedicatedcreative,design,marketing,visualmerchandisingandpublicrelationsteams.Theseteamsworkcloselytogethertodevelopandexecutecampaignsthatappealtobothourcoreandaspirationalcustomers.

Toexecuteourmarketingstrategies,weengageinawiderangeofcampaigntacticsthatincludetraditionalmedia(suchasdirectmail,printadvertising,cooperativeadvertisingwithwholesalepartnersandoutdooradvertising),digitalmedia(suchasemail,searchandsocialdisplay)andexperientialcampaigns(suchaseventsandcollectionpreviews)todrivetraffic,brandawareness,conversionandultimatelysalesacrossallchannels.Inaddition,weusesocialplatformssuchasInstagramandFacebooktoengagecustomersandcreateexcitementaboutourbrand.Thevisitstowww.vince.com,whichtotaledapproximately7.7millioninfiscal2018,alsoprovideanopportunitytogrowourcustomerbaseandcommunicatedirectlywithourcustomers.

OurpublicrelationsteamconductsawidevarietyofpressactivitiestoreinforcetheVincebrandimageandcreateexcitementaroundthebrand.VinceapparelandfootwearhaveappearedinthepagesofmajorfashionmagazinessuchasVogue,Harper’sBazaar,Elle,W,GQ,EsquireandWSJ.Well-knowntrendsettersinentertainmentandfashionarealsoregularlyseenwearingtheVincebrand.

Sourcing and Manufacturing

Vincedoesnotownoroperateanymanufacturingfacilities.Wecontractforthepurchaseoffinishedgoodswithmanufacturerswhoareresponsiblefortheentiremanufacturingprocess,includingthepurchaseofpiecegoodsandtrim.Althoughwedonothavelong-termwrittencontractswithmanufacturers,wehavelong-standingrelationshipswithadiversebaseofvendorswhichwebelievetobemutuallysatisfactory.Weworkwithmorethan40manufacturersacrossninecountries,with88.0%ofourproductsproducedinChinainfiscal2018.Forcostandcontrolpurposes,wecontractwithselectthird-partyvendorsintheU.S.toproduceasmallportionofourmerchandise.

Allofourgarmentsareproducedaccordingtoourspecifications,andwerequirethatallofourmanufacturersadheretostrictregulatorycomplianceandstandardsofconduct.Ourvendors’factoriesaremonitoredbyourproductionteamtoensurequalitycontrol,andtheyaremonitoredbyindependentthird-partyinspectorsweemployforcompliancewithlocalmanufacturingstandardsandregulationsonanannualbasis.Wealsomonitorourvendors’manufacturingfacilitiesregularly,providingtechnicalassistanceandperformingin-lineandfinalauditstoensurethehighestpossiblequality.

Shared Services Agreement

InconnectionwiththeconsummationoftheIPO,Vince,LLCenteredintoaSharedServicesAgreementwithKellwoodCompany,LLConNovember27,2013(the“SharedServicesAgreement”)pursuanttowhichKellwoodprovidedsupportservicesinvariousareasincluding,amongotherthings,certainaccountingfunctions,tax,e-commerceoperations,distribution,logistics,informationtechnology,accountspayable,creditandcollectionsandpayrollandbenefitsadministration.Asoftheendoffiscal2016,wehadcompletedthetransitionofallsuchfunctionsandsystemsfromKellwoodtoourownsystemsorprocessesaswellastothird-partyserviceproviders.Refertothediscussionunder“InformationSystems”belowforfurtherinformationonourtransitionofinformationtechnologysystemsandinfrastructurein-housefromKellwood.Seealso“Item1A.RiskFactors—Wearecontinuingtooptimizeandimproveourrecentlyimplementedinformationtechnologysystems,processesandfunctions.Ifthesesystems,processesandfunctionsdonotoperatesuccessfully,ourbusiness,financialcondition,resultsofoperationsandcashflowscouldbemateriallyharmed.”Inaddition,see“SharedServicesAgreement”underNote12“RelatedPartyTransactions”totheConsolidatedFinancialStatementsinthisAnnualReportonForm10-Kforfurtherinformation.

InconnectionwiththeKellwoodSale,theSharedServicesAgreementwascontributedtoSt.Louis,LLC.TheSharedServicesAgreementwithSt.Louis,LLChaseffectivelyterminatedinfiscal2017astherearecurrentlynooutstandingorfurtherservicestobeprovidedthereunder.

Distribution Facilities

AsofFebruary2,2019,weoperatedoutofthreedistributioncenters,onelocatedintheU.S.,oneinHongKongandoneinBelgium.OurwarehouseintheU.S.,locatedinCityofIndustry,California,isoperatedbyathird-partylogisticsproviderandincludesapproximately130,000squarefeetdedicatedtofulfillingordersforourwholesalepartners,retaillocationsande-commercebusinessandutilizeswarehousemanagementsystemsthatarefullycustomerandvendorcompliant.

OurwarehouseinHongKongisoperatedbyathird-partylogisticsproviderandsupportsourwholesaleordersforinternationalcustomerslocatedprimarilyinAsia.

OurwarehouseinBelgiumisoperatedbyathird-partylogisticsproviderandsupportsourwholesaleordersforinternationalcustomerslocatedprimarilyinEurope.

Webelievewehavesufficientcapacityinourdomesticandinternationaldistributionfacilitiestosupportourcurrentandprojectedbusiness.

Information Systems

Ourenterpriseresourceplanning(“ERP”)systemisMicrosoftDynamicsAXandiscloudbasedandintegrateswithourpoint-of-sale(“POS”)system,e-commerceplatformandothersupportingsystems.

Collectively,thesesystemsreplacedallsystemsusedundertheSharedServicesAgreement.Untilrecently,wereliedoncertainsystemsandinformationtechnologyservicesofKellwoodpursuanttothetermsoftheSharedServicesAgreement.Theseserviceshistoricallyincludedinformationtechnologyplanningandadministration,desktopsupportandhelpdesk,ourERPsystem,financialapplications,warehousesystems,reportingandanalysisapplicationsandourretailande-commerceinterfaces.

SincetheIPO,wehadbeenworkingontransitioningthesesystemsandinformationtechnologyservicesfromKellwoodandasoftheendoffiscal2016,wecompletedthetransitionofallsuchsystemsfromKellwoodtoourownsystems.ThisincludedtheimplementationofourownERPandsupportingsystems,POSsystem,third-partye-commerceplatform,distributionapplications,networkinfrastructureandrelatedITsupportservices,andhumanresourcepayrollandrecruitmentsystems.WenolongerrelyonKellwood’sinformationtechnologyservices.

See“SharedServicesAgreement,”above,PartI,Item1A.“RiskFactors—Wearecontinuingtooptimizeandimproveourrecentlyimplementedinformationtechnologysystems,processesandfunctions.Ifthesesystems,processesandfunctionsdonotoperatesuccessfully,ourbusiness,financialcondition,resultsofoperationsandcashflowscouldbemateriallyharmed”andPartII,Item9A.“ControlsandProcedures.”Inaddition,see“SharedServicesAgreement”underNote12“RelatedPartyTransactions”totheConsolidatedFinancialStatementsinthisAnnualReportonform10-Kforfurtherinformation.

Seasonality

Theapparelandfashionindustryinwhichweoperateiscyclicaland,consequently,ourrevenuesareaffectedbygeneraleconomicconditionsandtheseasonaltrendscharacteristictotheapparelandfashionindustry.Purchasesofapparelaresensitivetoanumberoffactorsthatinfluencethelevelofconsumerspending,includingeconomicconditionsandthelevelofdisposableconsumerincome,consumerdebt,interestratesandconsumerconfidenceaswellastheimpactofadverseweatherconditions.Inaddition,fluctuationsintheamountofsalesinanyfiscalquarterareaffectedbythetimingofseasonalwholesaleshipmentsandothereventsaffectingdirect-to-consumersales.Assuch,thefinancialresultsforanyparticularquartermaynotbeindicativeofresultsforthefiscalyear.Weexpectsuchseasonalitytocontinue.

Competition

Wefacestrongcompetitionineachoftheproductcategoriesandmarketsinwhichwecompeteonthebasisofstyle,quality,priceandbrandrecognition.Someofourcompetitorshaveachievedsignificantrecognitionfortheirbrandnamesorhavesubstantiallygreaterfinancial,marketing,distributionandotherresourcescomparedtous.However,webelievethatwehaveestablishedasustainableanddistinctpositioninthecurrentmarketplace,drivenbyaproductassortmentthatcombinesclassicandfashion-forwardstyling,andapricingstrategythatofferscustomersaccessibleluxury.Ourcompetitorsarevaried,butincludeTheory,HelmutLang,Rag&Bone,A.L.C.,VeronicaBeard,amongothers.

Employees

AsofFebruary2,2019,wehad599employees,ofwhich370wereemployedinourcompany-operatedretailstores.Exceptfor10employeesinFrance,whoarecoveredbycollectivebargainingagreementspursuanttoFrenchlaw,noneofouremployeesarecurrentlycoveredbyacollectivebargainingagreement,andwebelieveouremployeerelationsaregood.

Trademarks and Licensing

WeowntheVincetrademarkfortheproduction,marketinganddistributionofourproductsintheU.S.andinternationally.Wehaveregisteredthetrademarkdomesticallyandhaveregistrationsonfileorpendinginanumberofforeignjurisdictions.Weintendtocontinuetostrategicallyregister,bothdomesticallyandinternationally,trademarksthatweusetodayandthosewedevelopinthefuture.Welicensethedomainnameforourwebsite,www.vince.com,pursuanttoalicenseagreement.Underthislicenseagreement,wehaveanexclusive,irrevocablelicensetousethewww.vince.comdomainnamewithoutrestrictionatanominalannualcost.Whilewemayterminatesuchlicenseagreementatourdiscretion,theagreementdoesnotprovideforterminationbythelicensor.Wealsoownunregisteredcopyrightrightsinourdesignmarks.

Available Information

Wemakeavailablefreeofchargeonourwebsite,www.vince.com,copiesofourAnnualReportsonForm10-K,quarterlyreportsonForm10-Q,currentreportsonForm8-K,proxyandinformationstatementsandallamendmentstothesereportsfiledorfurnishedpursuanttoSection13(a)or15(d)oftheSecuritiesExchangeActof1934,asamended(the“ExchangeAct”),assoonasreasonablypracticableafterfilingsuchmaterialelectronicallywith,orotherwisefurnishingitto,theSecuritiesandExchangeCommission(the“SEC”).ThepublicmayreadandcopythesematerialsattheSEC'sPublicReferenceRoomat100FStreet,N.E.,Washington,D.C.20549.ThepublicmayobtaininformationontheoperationofthepublicreferenceroombycallingtheSECat1-800-SEC-0330.TheSECalsomaintainsawebsiteatwww.sec.govthatcontainsreports,proxyandinformationstatementsandotherinformationregardingVinceandothercompaniesthatelectronicallyfilematerialswiththeSEC.Thereferencetoourwebsiteaddressdoesnotconstituteincorporationbyreferenceoftheinformationcontainedonthewebsite,andtheinformationcontainedonthewebsiteisnotpartofthisAnnualReportonForm10-K.

ITEM 1A. RISK FACTORS.

Thefollowingriskfactorsshouldbecarefullyconsideredwhenevaluatingourbusinessandtheforward-lookingstatementsinthisAnnualReportonForm10-K.See“DisclosuresRegardingForward-LookingStatements.”Allamountsdisclosedareinthousandsexceptshares,pershareamounts,percentages,storesandnumberofleases.

Risks Related to Our Business

We may not be able to realize the benefits of our strategic initiatives.

Inthethirdquarteroffiscal2017,weenteredintolimiteddistributionarrangementswithNordstromandNeimanMarcusGroupfornon-licensedproductinordertorationalizeourdepartmentstoredistributionstrategywhichisintendedtoimproveprofitabilityintheWholesalesegmentinthefutureandenableourmanagementteamtofocusonotherareasofgrowthforthebrand,particularlyintheDirect-to-consumersegment.Duringfiscal2018,weimplementedthesestrategicinitiativestocapturethesalesfromexitedwholesaledoorsthroughourretailande-commercebusinesseswhilecollaboratingwiththewholesalepartnersinvariousareasincludingmerchandisingandlogisticstobuildamoreprofitableandfocusedwholesalebusiness.Wealsorecentlyengagedathird-partyconsultingfirmtoidentifyshorttomid-termbusinessinitiativesandopportunitiesforfurtherbusinessgrowth.Thecontinuedsuccessofthesestrategicinitiativesdependsonanumberoffactors,includingourabilitytopositionourretailande-commercebusinessesforfurtherstrategicgrowth,thebusinessesofNordstromandNeimanMarcusGroup,theeffectivenessofourcollaborationeffortswithNordstromandNeimanMarcusGroup,includinginmarketingandlogisticsinitiatives,ourabilitytoproperlyidentifyappropriatefuturegrowthopportunities,andmacroeconomicimpactonourbusiness.Therecanbenoassurancethatthestrategicinitiativeswouldproduceintendedpositiveresults.Ifweareunabletorealizethebenefitsofthestrategicinitiatives,ourfinancialconditions,resultsofoperationsandcashflowscouldbemateriallyandadverselyaffected.

A substantial portion of our revenue is derived from a small number of large wholesale partners, and the loss of any of these wholesale partners couldsubstantially reduce our total revenue.

Wehistoricallyhadasmallnumberofwholesalepartnerswhoaccountforasignificantportionofournetsales.Duringthethirdquarteroffiscal2017,weenteredintolimiteddistributionarrangementswithNordstromandNeimanMarcusGroup,whichfurtherimpactedourwholesalepartnershipbase.Netsalestothefull-price,off-priceande-commerceoperationstoNordstromandNeimanMarcusGroupintheaggregatecomprised33.7%ofourtotalrevenueforfiscal2018.Wedonothaveformalwrittenagreementswithanyofourwholesalepartners,andpurchasesgenerallyoccuronanorder-by-orderbasis.Adecisionbyanyofourmajorwholesalepartners,includingNordstromandNeimanMarcusGroup,tonolongerparticipateinlimiteddistributionarrangements,whethermotivatedbymarketingstrategy,competitiveconditions,financialdifficultiesorotherwise,tosignificantlydecreasetheamountofmerchandisepurchasedfromusorourlicensingpartners,ortochangetheirmannerofdoingbusinesswithusorourlicensingpartners,couldsubstantiallyreduceourrevenueandhaveamaterialadverseeffectonourprofitability.Furthermore,duetotheconcentrationofand/orownershipchangesinourwholesalepartnerbase,ourresultsofoperationscouldbeadverselyaffectedifany

ofthesewholesalepartnersfailstosatisfyitspaymentobligationstouswhendueornolongertakespartinthedistributionarrangements.Thesechangescouldalsodecreaseouropportunitiesinthemarketanddecreaseournegotiatingstrengthwithourwholesalepartners.Thesefactorscouldhaveamaterialadverseeffectonourbusiness,financialconditionandoperatingresults,especiallyinlightofournewlimitedwholesaledistributionstrategy.

One of our strategic initiatives is to focus on our Direct-to-consumer segment, which includes opening retail stores in select locations under more favorableand shorter lease terms and operating and maintaining our new and existing retail stores successfully. If we are unable to execute this strategy in a timelymanner, or at all, our financial condition and results of operations could be materially and adversely affected.

AspartofourrecentlyimplementedstrategytoincreasefocusonourDirect-to-consumersegmentweopenednetfourstoresduringfiscal2018andwecontinuetoseekretailopportunitiesintargetedstreetsormallswithdesirablesizeandadjacencies,typicallynearluxuryretailersthatwebelieveareconsistentwithourkeycustomers’demographicsandshoppingpreferences,andseektonegotiatemorefavorableleasesincludingshorterterms.Thesuccessofthisstrategydependsonanumberoffactors,includingtheidentificationofsuitablemarketsandsites,negotiationofacceptableleasetermswhilesecuringthosefavorablelocations,includingdesiredterm,rentandtenantimprovementallowances,andifenteringanewmarket,thetimelyachievementofbrandawarenessandproperevaluationofthemarketparticularlyforlocationswithshorterterm,affinityandpurchaseintentinthatmarket,aswellasourbusinessconditioninfundingtheopeningandoperationsofstores.Furthermore,wemaynotbeabletomaintainthesuccessfuloperationofourretailstoresiftheareasaroundourexistingretaillocationsundergochangesthatresultinreductionsincustomerfoottrafficorotherwiserenderthelocationsunsuitable,suchaseconomicdownturnsinthearea,changesindemographicsandcustomerpreferencesandtheclosingordeclineinpopularityofadjacentstores.Duringfiscal2018,fiscal2017andfiscal2016,werecordednon-cashassetimpairmentchargesof$1,684,$5,111and$2,082,respectively,withinselling,generalandadministrativeexpensesrelatedtotheimpairmentofpropertyandequipmentofcertainretailstoreswithcarryingvaluesthatweredeterminednottoberecoverableandexceededfairvalue.Ifweareunabletosuccessfullyimplementourretailstrategy,ourfinancialconditionandresultsofoperationsmaybemateriallyandadverselyaffected,includingthepotentialoffurtherimpairmentsoftangibleassets.

AsofFebruary2,2019,weoperated59stores,including45company-operatedfull-pricestoresand14company-operatedoutletstoresthroughouttheUnitedStates.Weplantoincreaseourstorebaseconsistentwithourstrategy,includingtheexpectednetopeningof3newstoresinfiscal2019.

We are subject to risks associated with leasing retail and office space, are historically subject to long-term non-cancelable leases and are required to makesubstantial lease payments under our operating leases, and any failure to make these lease payments when due would likely harm our business, profitabilityand results of operations.

Wedonotownanyofourstoresorouroffices,includingourNewYorkandLosAngelesoffices,orourshowroomspaceinParisbutinsteadleaseallofsuchspaceunderoperatingleases.Althoughsomeofourleasesaresubjecttoshortertermsasaresultoftheimplementationofourstrategytopursueshorterleaseterms,ourleasesgenerallyhaveinitialtermsof10years,andgenerallycanbeextendedonlyforoneadditional5-yearterm.Substantiallyallofourleasesrequireafixedannualrent,andmostrequirethepaymentofadditionalrentifstoresalesexceedanegotiatedamount.Mostofourleasesare“net”leases,whichrequireustopaythecostofinsurance,taxes,maintenanceandutilities,andwegenerallycannotcanceltheseleasesatouroption.Additionally,certainofourleasesallowthelessortoterminatetheleaseifwedonotachieveaspecifiedgrosssalesthreshold.Althoughwebelievewewillachievetherequiredthresholdtocontinuethoseleases,wecannotassureyouthatwewilldoso,inwhichcase,wewouldbeforcedtofindanalternativestorelocationandmaynotbesuccessfulindoingso.Anylossofourstorelocationsduetounderperformancemayharmourresultsofoperations,stockpriceandreputation.

Paymentsundertheseleasesaccountforasignificantportionofourselling,generalandadministrativeexpenses.Forexample,asofFebruary2,2019,wewereapartyto64operatingleasesassociatedwithourretailstoresandourofficeandshowroomspacesrequiringfutureminimumleasepaymentsof$21,512intheaggregatethroughfiscal2019and$95,379thereafter.Anynewretailstoresleasedbyusunderoperatingleaseswillfurtherincreaseouroperatingleaseexpensesandsomeofthosestoresmayrequiresignificantcapitalexpenditures.Oursubstantialoperatingleaseobligationscouldhavesignificantnegativeconsequences,including,amongothers:

• increasingourvulnerabilitytogeneraladverseeconomicandindustryconditions; • limitingourabilitytoobtainadditionalfinancing; • requiringasubstantialportionofouravailablecashtopayourrentalobligations,thusreducingcashavailableforotherpurposes; • limitingourflexibilityinplanningfororreactingtochangesinourbusinessorintheindustryinwhichwecompete;and • placingusatadisadvantagewithrespecttosomeofourcompetitors.

Wedependoncashflowfromoperationstopayourleaseexpensesandtofulfillourothercashneeds.Ifourbusinessdoesnotgeneratesufficientcashflowfromoperatingactivities,andsufficientfundsarenototherwiseavailabletousfromborrowingsunder

ourcreditfacilitiesorfromothersources,wemaynotbeabletoserviceouroperatingleaseexpenses,growourbusiness,respondtocompetitivechallengesorfundourotherliquidityandcapitalneeds,whichwouldharmourbusiness.

Ifanexistingorfuturestoreisnotprofitable,andwedecidetocloseit,wemaynonethelessbecommittedtoperformourobligationsundertheapplicableleaseincluding,amongothers,payingthebaserentforthebalanceoftheleasetermifwecannotnegotiateamutuallyacceptableterminationpayment.Inaddition,asourleasesexpire,wemayfailtonegotiaterenewals,eitheroncommerciallyacceptabletermsoratall,ortofindasuitablealternativelocation,whichcouldcauseustoclosestoresindesirablelocationsorinthecaseofofficeleases,incurcostsinrelocatingourofficespace.Infiscal2019,fourofourexistingstoreleaseswillexpire.Ifweareunabletoenterintonewleasesorrenewexistingleasesontermsacceptabletousorbereleasedfromourobligationsunderleasesforstoresthatweclose,ourbusiness,profitabilityandresultsofoperationsmaybeharmed.

Our plans to improve and expand our product offerings may not be successful, and the implementation of these plans may divert our operational, managerialand administrative resources, which could harm our competitive position and reduce our net sales and profitability.

Weplantocontinuetogrowourcoreproductofferingsandintroducenewcategoriessuchaslifestyleproducts.Inthefourthquarteroffiscal2018,welaunchedourcapsulefragrancecollectioninourDirect-to-consumersegment.WehavealsocontinuedtopartnerwithvariousthirdpartiessincethelaunchofVinceCollectiveinDecember2016,throughwhichweofferacuratedselectionofhomegoodsandaccessoriesinselectretailstoresandonourwebsite.

Theprincipalriskstoourabilitytosuccessfullycarryoutourplanstoimproveandexpandourproductofferingsarethat:

• ifourexpectedproductofferingsfailtomaintainandenhanceourbrandidentity,ourimagemaybediminishedordiluted,andoursalesmaydecrease;

• ifwefailtofindandenterintorelationshipswithexternalpartnerswiththenecessaryspecializedexpertiseorexecutioncapabilities,wemaybeunabletoofferourplannedproductextensionsortorealizetheadditionalrevenuewehavetargetedforthoseextensions;

• theuseoflicensingpartnersorotherexternalsuppliersmaylimitourabilitytoconductcomprehensivefinalqualitychecksonmerchandisebeforeitisshippedtoourstoresortoourwholesalepartners;and

• ourexposuretoproductliabilityclaimsmayincreaseasweaddproductcategoriesthathavedifferentliabilityprofilesthanthoseofourhistoricalproductofferings.

Inaddition,ourabilitytosuccessfullycarryoutourplanstoimproveandexpandourproductofferingsmaybeaffectedbyeconomicandcompetitiveconditions,changesinconsumerspendingpatternsandchangesinconsumerpreferencesandstyletrends.Theseplanscouldbeabandoned,costmorethananticipatedordivertresourcesfromotherareasofourbusiness,anyofwhichcouldnegativelyimpactourcompetitivepositionandreduceournetrevenueandprofitability.

We have identified a material weakness in our internal control over financial reporting that could, if not remediated, result in material misstatements in ourfinancial statements.

Infiscal2018,fiscal2017andfiscal2016,weidentifiedandconcludedthatwehavematerialweaknessesrelatingtoourinternalcontroloverfinancialreporting.Amaterialweaknessisadeficiency,oracombinationofdeficiencies,ininternalcontroloverfinancialreportingsuchthatthereisareasonablepossibilitythatamaterialmisstatementofanentity’sfinancialstatementswillnotbepreventedordetectedonatimelybasis.AsfurtherdescribedinPartII,Item9AinthisAnnualReportonForm10-K,duringfiscal2018,wetookspecificstepstoremediatesuchmaterialweaknessesbyimplementingandenhancingourcontrolproceduresandasaresult,remediatedthreeoutofthefourpreviouslyidentifiedmaterialweaknessesasoftheendoffiscal2018.Althoughduringfiscal2018wemadesignificantprogressonourcomprehensiveremediationplanrelatedtotheremainingmaterialweakness,theremainingmaterialweaknesswillnotberemediateduntilallnecessaryinternalcontrolshavebeenimplemented,testedanddeterminedtobeoperatingeffectively.Inaddition,wemayneedtotakeadditionalmeasurestoaddresssuchmaterialweaknessormodifytheplannedremediationsteps,andwecannotbecertainthatthemeasureswehavetaken,andexpecttotake,toimproveourinternalcontrolswillbesufficienttoaddresstheissuesidentified,toensurethatourinternalcontrolsareeffectiveortoensurethattheidentifiedmaterialweaknesswillnotresultinamaterialmisstatementofourconsolidatedfinancialstatements.Moreover,althoughnoadditionalmaterialweaknesswasidentifiedinfiscal2018,othermaterialweaknessesordeficienciesmaydeveloporbeidentifiedinthefuture.Ifweareunabletocorrectmaterialweaknessesordeficienciesininternalcontrolsinatimelymanner,ourabilitytorecord,process,summarizeandreportfinancialinformationaccuratelyandwithinthetimeperiodsspecifiedintherulesandformsoftheSEC,willbeadverselyaffected.Thisfailurecouldnegativelyaffectthemarketpriceandtradingliquidityofourcommonstock,causeinvestorstoloseconfidenceinourreportedfinancialinformation,subjectustocivilandcriminalinvestigationsandpenalties,andotherwisemateriallyandadverselyimpactourbusinessandfinancialcondition.

Forsolongasweremaina"non-acceleratedfiler"undertherulesoftheSEC,ourindependentregisteredpublicaccountingfirmisnotrequiredtodeliveranannualattestationreportontheeffectivenessofourinternalcontroloverfinancialreporting.Wewillceasetobeanon-acceleratedfileriftheaggregatemarketvalueofouroutstandingcommonstockheldbynon-affiliatesasofthelastbusinessdayofourmostrecentlycompletedsecondfiscalquarteris$75millionormore,inwhichcasewewouldbecomesubjectto

therequirementforanannualattestationreportbyourindependentregisteredpublicaccountingfirmontheeffectivenessofourinternalcontroloverfinancialreporting.

We are continuing to optimize and improve our recently implemented information technology systems, processes and functions. If these systems, processes andfunctions do not operate successfully, our business, financial condition, results of operations and cash flows could be materially harmed.

Weunderwentasystemsmigrationin2016andimplementedourowninformationtechnologysystems,processesandfunctions,whichwearecontinuingtooptimizeandimprove.Duringthefirsthalfoffiscal2017,thesesystemsweimplementeddidnotoperateassuccessfullyasthesystemswehistoricallyusedassuchsystemswerehighlycustomizedorproprietary,whichresultedindisruptionstoourbusiness,suchasdelayedshipmentswhichresultedinordercancellations,andidentifiedmaterialweaknessesinourinternalcontrols.Althoughwehavemadeprogressinoureffortstooptimizethesesystems,processesandfunctions,wealsoincurredcoststhroughthoseefforts.Ifwefailinoureffortstocontinueoptimizingandimprovingthesesystems,processesandfunctionsascurrentlyplanned,wecouldincurfurtherdisruptionstoourbusinessoperations,includingadditionaldeficienciesorweaknessesinourinternalcontrols,aswellasadditionalcoststoreplacethosesystemsandfunctions.Wemayalsobeforcedtoadoptlesscapablealternatives.Anyofthesewouldmateriallyandadverselyaffectourbusinessandresultsofoperations,cashflowsandliquidity.

Our operations are restricted by our credit facilities.

InAugust2018,weenteredintoan$80,000seniorsecuredrevolvingcreditfacility(the“2018RevolvingCreditFacility”)anda$27,500seniorsecuredtermloanfacility(the“2018TermLoanFacility”),whichreplacedourprior$50,000seniorsecuredrevolvingcreditfacility(the“2013RevolvingCreditFacility”)and$175,000seniorsecuredtermloanfacility(the“2013TermLoanFacility”).Ourcreditfacilitiescontainsignificantrestrictivecovenants.Thesecovenantsmayimpairourfinancingandoperationalflexibilityandmakeitdifficultforustoreacttomarketconditionsandsatisfyourongoingcapitalneedsandunanticipatedcashrequirements.Specifically,suchcovenantsrestrictourabilityand,ifapplicable,theabilityofoursubsidiariesto,amongotherthings:

• incuradditionaldebt; • makecertaininvestmentsandacquisitions; • enterintocertaintypesoftransactionswithaffiliates; • useassetsassecurityinothertransactions; • paydividends; • sellcertainassetsormergewithorintoothercompanies; • guaranteethedebtofothers; • enterintonewlinesofbusinesses; • makecapitalexpenditures; • prepay,redeemorexchangeourdebt;and • formanyjointventuresorsubsidiaryinvestments.

Ourcreditfacilitiesalsocontaincertainfinancialcovenants,includingacovenantunderthe2018TermLoanFacilityrequiringustomaintainaspecifiedConsolidatedFixedChargeCoverageRatio.

Ourabilitytocomplywiththecovenantsandothertermsofourdebtobligationswilldependonourfutureoperatingperformance.Ifwefailtocomplywithsuchcovenantsandterms,andareunabletocuresuchfailureunderthetermsofourcreditfacilities,ifapplicable,wewouldberequiredtoobtainadditionalwaiversfromourlenderstomaintaincompliancewithourdebtobligations.Ifweareunabletoobtainanynecessarywaiversandthedebtisaccelerated,amaterialadverseeffectonourfinancialconditionandfutureoperatingperformancewouldlikelyresult.

ThetermsofourdebtobligationsandtheamountofborrowingavailabilityunderourcreditfacilitiesmayalsorestrictordelayourabilitytofulfillourobligationsundertheTaxReceivableAgreement.InaccordancewiththetermsoftheTaxReceivableAgreement,delayedorunpaidamountsthereunderwouldaccrueinterestatadefaultrateofone-yearLondonInterbankOfferedRate(“LIBOR”)plus500basispointsuntilpaid.OurobligationsundertheTaxReceivableAgreementcouldresultinafailuretocomplywithcovenantsorfinancialratiosrequiredbyourexistingorfuturecreditfacilitiesandcouldresultinaneventofdefaultthereunder.See“TaxReceivableAgreement”underNote12“RelatedPartyTransactions”totheConsolidatedFinancialStatementsinthisAnnualReportonForm10-Kforfurtherinformation.

BorrowingsunderourcreditfacilitiesbearinterestataratethatvariesdependingontheLIBOR.OnJuly27,2017,theUK’sFinancialConductAuthority,whichregulatesLIBOR,announcedthatitintendstophaseoutLIBORbytheendof2021.ItisunclearifatthattimeLIBORwillceasetoexistorifnewmethodsofcalculatingLIBORwillbeestablishedsuchthatitcontinuestoexistafter2021.TheU.S.FederalReserve,inconjunctionwiththeAlternativeReferenceRatesCommittee,asteeringcommitteecomprisedoflargeU.S.financialinstitutions,announcedreplacementofU.S.dollarLIBORwithanewindexcalculatedbyshort-termrepurchaseagreements,backedbyU.S.TreasurysecuritiescalledtheSecuredOvernightFinancingRate(“SOFR”).ThefirstpublicationofSOFRwasreleasedinApril2018.WhetherornotSOFRattainsmarkettractionasaLIBORreplacementtoolremains

inquestionandthefutureofLIBORatthistimeisuncertain.IfLIBORratesarenolongeravailable,ourcostsofborrowingsunderourcreditfacilitiesmaybenegativelyimpacted,whichcouldhaveanadverseeffectonourresultsofoperations.

Our ability to continue to have the liquidity necessary to service our debt, meet contractual payment obligations and fund our operations depends on manyfactors, including our ability to generate sufficient cash flow from operations, maintain adequate availability under our 2018 Revolving Credit Facility orobtain other financing.

Ourabilitytotimelyserviceourindebtedness,meetcontractualpaymentobligationsandtofundouroperationswilldependonourabilitytogeneratesufficientcash,eitherthroughcashflowsfromoperationsorborrowingavailabilityunderthe2018RevolvingCreditFacility,andourabilitytoaccessthecapitalmarketsifothersourcesoffinancingareunavailableonacceptableterms.Ourprimarycashneedsarefundingworkingcapitalrequirements,meetingdebtservicerequirements,payingamountsdueundertheTaxReceivableAgreementandcapitalexpendituresfornewstoresandrelatedleaseholdimprovements.

Whilewebelievewewillhavesufficientliquidityforthenexttwelvemonths,therecanbenoassurancesinthefuturethatwewillbeabletogeneratesufficientcashflowfromoperationstomeetourliquidityneeds,thatwewillhavethenecessaryavailabilityunderthe2018RevolvingCreditFacility,orbeabletoobtainotherfinancingwhenliquidityneedsarise.Inparticular,ourabilitytocontinuetomeetourobligationsisdependentonourabilitytogeneratepositivecashflowfromacombinationofinitiativesandfailuretosuccessfullyimplementtheseinitiativeswouldrequireustoimplementalternativeplanstosatisfyourliquidityneeds.Intheeventthatweareunabletotimelyserviceourdebt,meetothercontractualpaymentobligationsorfundourotherliquidityneeds,wemayneedtorefinancealloraportionofourindebtednessbeforematurity,seekwaiversoforamendmentstoourcontractualobligationsforpayment,reduceordelayscheduledexpansionsandcapitalexpenditures,sellmaterialassetsoroperationsorseekotherfinancingopportunities.Therecanbenoassurancethattheseoptionswouldbereadilyavailabletousandourinabilitytoaddressourliquidityneedscouldmateriallyandadverselyaffectouroperationsandjeopardizeourbusiness,financialconditionandresultsofoperations,includingcausingdefaultsunderthe2018TermLoanFacilityorthe2018RevolvingCreditFacilitywhichcouldresultinallamountsoutstandingunderthosecreditfacilitiesbecomingimmediatelydueandpayable.

System security risk issues as well as other major system failures could disrupt our internal operations or information technology services, and any suchdisruption could negatively impact our net sales, increase our expenses and harm our reputation.

Experiencedcomputerprogrammersandhackers,andeveninternalusers,maybeabletopenetrateournetworksecurityandmisappropriateourconfidentialinformationorthatofthirdparties,includingourcustomers,enterintoorfacilitatefraudulenttransactions,createsystemdisruptionsorcauseshutdowns.Inaddition,employeeerror,malfeasanceorothererrorsinthestorage,useortransmissionofanysuchinformationcouldresultinadisclosuretothirdpartiesoutsideofournetwork.Asaresult,wecouldincursignificantexpensesaddressingproblemscreatedbyanysuchinadvertentdisclosureoranysecuritybreachesofournetwork.Inaddition,werelyonthirdpartiesfortheoperationofourwebsite,www.vince.com,andforthevariousbusinessstrategies,includingCRM,socialmediaandothermarketingtoolsandwebsites.

Wecouldincursignificantexpensesordisruptionsofouroperationsinconnectionwithsystemfailuresorinformationbreaches.Sophisticatedhardwareandoperatingsystemsoftwareandapplicationsthatweprocurefromthirdpartiesmaycontaindefectsindesignormanufacture,including“bugs”andotherproblemsthatcouldunexpectedlyinterferewiththeoperationofoursystems.Thecoststoustoeliminateoralleviatesecurityproblems,virusesandbugscouldbesignificant,andtheeffortstoaddresstheseproblemscouldresultininterruptions,delaysorcessationofservicethatmayimpedeoursales,distributionorothercriticalfunctions.

Concernshavebeenincreasingoverthesecurityofpersonalinformationtransmittedovertheinternetandpersonalidentitytheftanduserprivacy.Anycompromiseofpersonalinformationofourcustomersoremployeescouldsubjectustolitigationand/orpenaltiesandharmourreputation,materiallyandadverselyaffectingourbusinessandgrowth.Inadditiontotakingthenecessaryprecautionsourselves,werequirethatthird-partyserviceprovidersimplementreasonablesecuritymeasurestoprotectourcustomers’oremployees’identityandprivacy,includinganypersonallyidentifiableinformationandcreditcardinformation.Wedonot,however,controlthesethird-partyserviceprovidersandcannotguaranteethatnoelectronicorphysicalcomputerbreak-insandsecuritybreacheswilloccurinthefuture.

Inthecaseofadisasteraffectingourinformationtechnologysystems,wemayexperiencedelaysinrecoveryofdata,inabilitytoperformvitalcorporatefunctions,tardinessinrequiredreportingandcompliance,failurestoadequatelysupportouroperationsandotherbreakdownsinnormalcommunicationandoperatingproceduresthatcouldmateriallyandadverselyaffectourfinancialconditionandresultsofoperations.

Failure to comply with privacy‑‑related obligations, including privacy laws and regulations in the U.S. and internationally as well as other legal obligations,could materially adversely affect our business.

Avarietyoflawsandregulations,intheU.S.andinternationally,governthecollection,use,retention,sharing,transferandsecurityofpersonallyidentifiableinformationanddata,includingtheEuropeanUnion’sGeneralDataProtectionRegulation(“GDPR”),whichbecameeffectiveduringfiscal2018,andtheCaliforniaConsumerPrivacyActof2018(“CCPA”),expectedtotake

effectonJanuary1,2020.Westrivetocomplywithallapplicablelaws,regulations,self‑regulatoryrequirements,policiesandlegalobligationsrelatingtoprivacy,datausage,anddataprotection.Itispossible,however,thattheselaws,rulesandregulations,whichevolvefrequentlyandmaybeinconsistentfromonejurisdictiontoanother,couldbeinterpretedtoconflictwithourpractices.Anyfailureorperceivedfailurebyusoranythirdpartieswithwhichwedobusinesstocomplywiththeselaws,rulesandregulations,orwithotherobligationstowhichwemaybeorbecomesubject,mayresultinactionsagainstusbygovernmentalentities,privateclaimsandlitigation,fines,penaltiesorotherliabilities.Anysuchactionwouldbeexpensivetodefend,coulddamageourreputationandcouldadverselyaffectourbusinessandoperatingresults.

Changes in laws could make conducting our business more expensive or otherwise change the way we do business.

Wearesubjecttonumerousdomesticandinternationalregulations,includinglaborandemployment,wageandhour,customs,truth-in-advertising,consumerprotection,dataandprivacyprotection,andzoningandoccupancylawsandordinancesthatregulateretailersgenerallyorgoverntheimportation,promotionandsaleofmerchandiseandtheoperationofstoresandwarehousefacilities.Iftheseregulationsweretochangeorwereviolatedbyourmanagement,employees,vendors,independentmanufacturersorpartners,thecostsofcertaingoodscouldincrease,orwecouldexperiencedelaysinshipmentsofourproducts,besubjecttofinesorpenalties,orsufferreputationalharm,whichcouldreducedemandforourmerchandiseandhurtourbusinessandresultsofoperations.

Inadditiontoincreasedregulatorycompliancerequirements,changesinlawscouldmakeordinaryconductofbusinessmoreexpensiveorrequireustochangethewaywedobusiness.Forexample,privacy‑relatedlaws,regulations,self‑regulatoryobligationsandotherlegalobligationsareevolvingandvariousfederalandstatelegislativeandregulatorybodiesmayexpandcurrentlawsorenactnewlawsregardingprivacymatters,andcourtsmayinterpretexistingprivacy‑relatedlawsandregulationsinnewordifferentmanners.CCPA,whichisexpectedtocomeintoeffectonJanuary1,2020,imposesadditionaldataprotectionobligationsoncompaniesdoingbusinessinCaliforniaandprovidesforsubstantialfinesfornon-complianceand,insomecases,aprivaterightofactiontoconsumerswhoarevictimsofdatabreaches.ItisunclearhowCCPAwillbeimplementedastheCalifornialegislatureisstillengagedinadditionalrulemakingunderCCPA.Inaddition,itisuncertainhowtheso-called“Brexit”mayimpactGDPRandprivacyanddataconcernsandregulationsinvolvingtheUnitedKingdom.Changesinprivacy‑relatedlaws,regulations,self‑regulatoryobligationsandotherlegalobligations,orchangesinindustrystandardsorconsumersentiment,couldrequireustoincursubstantialcostsortochangeourbusinesspractices,includingchanging,limitingorceasingaltogetherthecollection,use,sharing,ortransferofdatarelatingtoconsumers.Anyoftheseeffectscouldmateriallyadverselyaffectourbusiness,financialconditionandoperatingresults.Asanotherexample,changesinfederalandstateminimumwagelawscouldraisethewagerequirementsforcertainofouremployeesatourretaillocations,whichwouldincreaseoursellingcostsandmaycauseustoreexamineourwagestructureforsuchemployees.Otherlawsrelatedtoemployeebenefitsandtreatmentofemployees,includinglawsrelatedtolimitationsonemployeehours,supervisorystatus,leavesofabsence,mandatedhealthbenefits,overtimepay,unemploymenttaxratesandcitizenshiprequirements,couldnegativelyimpactus,byincreasingcompensationandbenefitscostswhichwouldinturnreduceourprofitability.

Moreover,changesinproductsafetyorotherconsumerprotectionlawscouldleadtoincreasedcoststousforcertainmerchandise,oradditionallaborcostsassociatedwithreadyingmerchandiseforsale.Itisoftendifficultforustoplanandprepareforpotentialchangestoapplicablelawsandfutureactionsorpaymentsrelatedtosuchchangescouldbematerialtous.

OnDecember22,2017,theTaxCutsandJobsActof2017(“TCJA”)wasenacted,whichcontainedsignificantchangestoU.S.taxlaws,including,butnotlimitedto,areductioninthecorporatetaxrateandatransitiontoanewterritorialsystemoftaxation.AlthoughTCJAdidnothaveanear-termmaterialnegativeimpactonouroperatingresults,someforeigngovernmentsorU.S.statesmayenacttaxlawsinresponsetoTCJAthatcouldresultinfurtherchangestotaxationapplicabletousandmateriallyandnegativelyaffectouroperatingresultsandfinancialcondition.

Problems with our distribution process could materially harm our ability to meet customer expectations, manage inventory, complete sale transactions andachieve targeted operating efficiencies.

IntheU.S.,werelyonadistributionfacilityoperatedbyathird-partylogisticsproviderinCalifornia.OurabilitytomeettheneedsofourwholesalepartnersandourownDirect-to-consumerbusinessdependsontheproperoperationofthisdistributionfacility.Becausesubstantiallyallofourproductsaredistributedfromonelocation,ouroperationscouldbeinterruptedbylabordifficulties,orbyfloods,fires,earthquakesorothernaturaldisastersnearsuchfacility.Forexample,amajorityofouroceanshipmentsgothroughtheportsinLosAngeles,whichhadpreviouslybeensubjecttosignificantprocessingdelaysduetolaborissuesinvolvingtheportworkers.WealsohaveawarehouseinBelgiumoperatedbyathird-partylogisticsprovidertosupportourwholesaleordersforcustomerslocatedprimarilyinEurope.Inaddition,duringthethirdquarteroffiscal2018,webeganoperationswithathird-partylogisticsproviderinHongKong.DisruptionsatanyofthesefacilitieslocatedoutsidetheU.S.couldalsomateriallyandnegativelyimpactthebusiness.

Wemaintainbusinessinterruptioninsurance.Thesepolicies,however,maynotadequatelyprotectusfromtheadverseeffectsthatcouldresultfromsignificantdisruptionstoourdistributionsystem.Ifweencounterproblemswithanyofourdistributionprocesses,ourabilitytomeetcustomerexpectations,manageinventory,completesalesandachievetargetedoperatingefficiencies

couldbeharmed.Anyoftheforegoingfactorscouldhaveamaterialadverseeffectonourbusiness,financialconditionandoperatingresults.

If we are unable to accurately forecast customer demand for our products, our manufacturers may not be able to deliver products to meet our requirements,and this could result in delays in the shipment of products to our stores, wholesale partners and e-commerce customers, or we could face issues relating toexcess inventory.

Westockourstores,andprovideinventorytoourwholesalepartners,basedonourortheirestimatesoffuturedemandforparticularproducts.Ourinventorymanagementandplanningteamdeterminesthenumberofpiecesofeachproductthatwewillorderfromourmanufacturersbaseduponpastsalesofsimilarproducts,salestrendinformationandanticipateddemandatoursuggestedretailprices.However,ifourinventoryandplanningteamfailstoaccuratelyforecastcustomerdemand,wemayexperienceexcessinventorylevelsorashortageofproducts.Therecanbenoassurancethatwewillbeabletosuccessfullymanageourinventoryatalevelappropriateforfuturecustomerdemand.

Factorsthatcouldaffectourinventorymanagementandplanningteam’sabilitytoaccuratelyforecastcustomerdemandforourproductsinclude:

• asubstantialincreaseordecreaseindemandforourproductsorforproductsofourcompetitors; • ourfailuretoaccuratelyforecastcustomeracceptanceforournewproducts; • newproductintroductionsorpricingstrategiesbycompetitors; • changesinourproductitemsacrossseasonalfashionitemsandreplenishment; • changestoouroverallseasonalpromotionalcadenceandthenumberandtimingofpromotionalevents; • morelimitedhistoricalstoresalesinformationforournewermarkets; • weakeningofeconomicconditionsorconsumerconfidenceinthefuture,whichcouldreducedemandfordiscretionaryitems,suchasourproducts;

and • actsorthreatsofwarorterrorismwhichcouldadverselyaffectconsumerconfidenceandspendingorinterruptproductionanddistributionofour

productsandourrawmaterials.

Wecannotguaranteethatwewillbeabletomatchsupplywithdemandinallcasesinthefuture,whetherasaresultofourinabilitytoproducesufficientlevelsofdesirableproductorourfailuretoforecastdemandaccurately.Asaresultoftheseinabilitiesorfailures,wemayinthefutureencounterfurtherdifficultiesinfillingcustomerordersorinliquidatingexcessinventoryatdiscountpricesandmayexperiencesignificantwrite-offs.Additionally,ifweover-produceaproductbasedonanaggressiveforecastofdemand,retailersmaynotbeabletoselltheproductandcancelfutureordersorrequiregivebacks.Theseoutcomescouldhaveamaterialadverseeffectonourbrandimage,sales,grossmarginsandprofitability.

Intense competition in the apparel and fashion industry could reduce our sales and profitability.

Asafashioncompany,wefaceintensecompetitionfromotherdomesticandforeignapparel,footwearandaccessoriesmanufacturersandretailers.Competitionhasandmaycontinuetoresultinpricingpressures,reducedprofitmargins,lostmarketshareorfailuretogrowourmarketshare,anyofwhichcouldsubstantiallyharmourbusinessandresultsofoperations.Competitionisbasedonmanyfactorsincluding,withoutlimitation,thefollowing:

• establishingandmaintainingfavorablebrandrecognition; • developingproductsthatappealtoconsumers; • pricingproductsappropriately; • determiningandmaintainingproductquality; • obtainingaccesstosufficientfloorspaceinretaillocations; • providingappropriateservicesandsupporttoretailers; • maintainingandgrowingmarketshare; • developingandmaintainingacompetitivee-commercesite; • hiringandretainingkeyemployees;and • protectingintellectualproperty.

Competitionintheapparelandfashionindustryisintenseandisdominatedbyanumberofverylargebrands,manyofwhichhavelongeroperatinghistories,largercustomerbases,moreestablishedrelationshipswithabroadersetofsuppliers,greaterbrandrecognitionandgreaterfinancial,researchanddevelopment,marketing,distributionandotherresourcesthanwedo.Thesecapabilitiesofourcompetitorsmayallowthemtobetterwithstanddownturnsintheeconomyorapparelandfashionindustry.Anyincreasedcompetition,orourfailuretoadequatelyaddressanyofthesecompetitivefactorswhichwehaveseenfromtimetotime,couldresultinreducedsales,whichcouldadverselyaffectourbusiness,financialconditionandoperatingresults.

Competition,alongwithsuchotherfactorsasconsolidationwithintheretailindustryandchangesinconsumerspendingpatterns,couldalsoresultinsignificantpricingpressureandcausethesalesenvironmenttobemorepromotional,asithasbeenin

recentyears,impactingourfinancialresults.Ifpromotionalpressureremainsintense,eitherthroughactionsofourcompetitorsorthroughcustomerexpectations,thismaycauseafurtherreductioninoursalesandgrossmarginsandcouldhaveamaterialadverseeffectonourbusiness,financialconditionandoperatingresults.

Our business depends on a strong brand image, and if we are not able to maintain or enhance our brand, particularly in new markets where we have limitedbrand recognition, we may be unable to sell sufficient quantities of our merchandise, which would harm our business and cause our results of operations tosuffer.

WebelievethatmaintainingandenhancingtheVincebrandiscriticaltomaintainingandexpandingourcustomerbase.Maintainingandenhancingourbrandmayrequireustomakesubstantialinvestmentsinareassuchasvisualmerchandising,marketingandadvertising,employeetrainingandstoreoperations.Certainofourcompetitorsinthefashionindustryhavefacedadversepublicitysurroundingthequality,attributesandperformanceoftheirproductsorcompanyculture.Ourbrandmaysimilarlybeadverselyaffectedifourpublicimageorreputationistarnishedbyfailingtomaintainhighstandardsformerchandisequalityandcorporateintegrity.Anynegativepublicityaboutthesetypesofconcernsmayreducedemandforourmerchandise.Maintainingandenhancingourbrandwilldependlargelyonourabilitytobealeadinggloballuxuryapparelandaccessoriesbrandandtocontinuetoprovidehighqualityproducts.Moreover,weanticipatethat,asourbusinessexpandsintonewmarketsandfurtherpenetratesexistingmarkets,andasthemarketsinwhichweoperatebecomeincreasinglycompetitive,maintainingandenhancingourbrandmaybecomeincreasinglydifficultandexpensive.Ifweareunabletomaintainorenhanceourbrandimage,ourresultsofoperationsmaysufferandourbusinessmaybeharmed.

General economic conditions in the U.S. and other parts of the world, including a weakening of the economy and restricted credit markets, can affect consumerconfidence and consumer spending patterns.

Thesuccessofouroperationsdependsonconsumerspending.Consumerspendingisimpactedbyanumberoffactors,includingactualandperceivedeconomicconditionsaffectingdisposableconsumerincome(suchasunemployment,wages,energycostsandconsumerdebtlevels),customertrafficwithinshoppingandsellingenvironments,businessconditions,interestratesandavailabilityofcreditandtaxratesinthegeneraleconomyandintheinternational,regionalandlocalmarketsinwhichourproductsaresold.Globaleconomicconditionshistoricallyincludedsignificantrecessionarypressuresanddeclinesinemploymentlevels,disposableincomeandactualand/orperceivedwealthandfurtherdeclinesinconsumerconfidenceandeconomicgrowth.Adepressedeconomicenvironmentisoftencharacterizedbyadeclineinconsumerdiscretionaryspendingandhasdisproportionatelyaffectedretailersandsellersofconsumergoods,particularlythosewhosegoodsareviewedasdiscretionaryorluxurypurchases,includingfashionapparelandaccessoriessuchasours.Suchfactorsaswellasanothershifttowardsrecessionaryconditionshaveimpacted,andcouldfurtheradverselyimpact,oursalesvolumesandoverallprofitability.Further,economicandpoliticalvolatilityanddeclinesinthevalueofforeigncurrenciescouldnegativelyimpacttheglobaleconomyasawholeandhaveamaterialadverseeffectontheprofitabilityandliquidityofouroperations,aswellashinderourabilitytogrowthroughexpansionintheinternationalmarkets.Inaddition,domesticandinternationalpoliticalsituationsalsoaffectconsumerconfidence,includingthethreat,outbreakorescalationofterrorism,militaryconflictsorotherhostilitiesaroundtheworld.

If we lose any key personnel, are unable to attract key personnel, or assimilate and retain our key personnel, we may not be able to successfully operate or growour business.

Ourcontinuedsuccessisdependentonourabilitytoattract,assimilate,retainandmotivatequalifiedmanagement,designers,administrativetalentandsalesassociatestosupportexistingoperationsandfuturegrowth.Competitionforqualifiedtalentintheapparelandfashionindustryisintense,andwecompetefortheseindividualswithothercompaniesthatinmanycaseshavegreaterfinancialandotherresources.Thelossoftheservicesofanymembersofseniormanagementortheinabilitytoattractandretainqualifiedexecutivescouldhaveamaterialadverseeffectonourbusiness,resultsofoperationsandfinancialcondition.Inaddition,wewillneedtocontinuetoattract,assimilate,retainandmotivatehighlytalentedemployeeswitharangeofotherskillsandexperience.Competitionforemployeesinourindustry,especiallyatthestoremanagementlevels,isintenseandwemayfromtimetotimeexperiencedifficultyinretainingourassociatesorattractingtheadditionaltalentnecessarytosupportthegrowthofourbusiness.Wewillalsoneedtoattract,assimilateandretainotherprofessionalsacrossarangeofdisciplines,includingdesign,production,sourcingandinternationalbusiness,aswedevelopnewproductcategoriesandcontinuetoexpandourinternationalpresence.

Our competitive position could suffer if our intellectual property rights are not protected.

Webelievethatourtrademarksanddesignsareofgreatvalue.Fromtimetotime,thirdpartieshavechallenged,andmayinthefuturetrytochallenge,ourownershipofourintellectualproperty.Insomecases,thirdpartieswithsimilartrademarksorotherintellectualpropertymayhavepre-existingandpotentiallyconflictingtrademarkregistrations.Werelyoncooperationfromthirdpartieswithsimilartrademarkstobeabletoregisterourtrademarksinjurisdictionsinwhichsuchthirdpartieshavealreadyregisteredtheirtrademarks.Wearesusceptibletoothersimitatingourproductsandinfringingourintellectualpropertyrights.Imitationorcounterfeitingofourproductsorinfringementofourintellectualpropertyrightscoulddiminishthevalueofourbrandsorotherwise

adverselyaffectourrevenues.Theactionswehavetakentoestablishandprotectourtrademarksandotherintellectualpropertyrightsmaynotbeadequatetopreventimitationofourproductsbyothersortopreventothersfromseekingtoinvalidateourtrademarksorblocksalesofourproductsasaviolationofthetrademarksandintellectualpropertyrightsofothers.Inaddition,othersmayassertrightsin,orownershipof,ourtrademarksandotherintellectualpropertyrightsorinsimilarmarksormarksthatwelicenseand/ormarketandwemaynotbeabletosuccessfullyresolvetheseconflictstooursatisfaction.Wemayneedtoresorttolitigationtoenforceourintellectualpropertyrights,whichcouldresultinsubstantialcostsanddiversionofresources.Successfulinfringementclaimsagainstuscouldresultinsignificantmonetaryliabilityorpreventusfromsellingsomeofourproducts.Inaddition,resolutionofclaimsmayrequireustoredesignourproducts,licenserightsfromthirdpartiesorceaseusingthoserightsaltogether.Anyoftheseeventscouldharmourbusinessandcauseourresultsofoperations,liquidityandfinancialconditiontosuffer.

Welicenseourwebsitedomainnamefromathird-party.Pursuanttothelicenseagreement(the“DomainLicenseAgreement”),ourlicensetousewww.vince.comautomaticallyrenewsonanannualbasis,subjecttoourrighttoterminatethearrangementwithorwithoutcause;provided,thatwemustpaytheapplicableearlyterminationfeeandprovide30dayspriornoticeinconnectionwithaterminationwithoutcause.ThelicensorhasnoterminationrightsundertheDomainLicenseAgreement.AnyfailurebythelicensortoperformitsobligationsundertheDomainLicenseAgreementcouldadverselyaffectourbrandandmakeitmoredifficultforuserstofindourwebsite.

Our limited operating experience and brand recognition in international markets may delay our expansion strategy and cause our business and growth tosuffer.

Wefaceriskswithrespecttoourstrategytoexpandinternationally,includingoureffortstofurtherexpandourbusinessinCanada,selectEuropeancountries,AsiaandtheMiddleEastthroughcompany-operatedlocations,wholesalearrangementsaswellaswithinternationalpartners.OurcurrentoperationsarebasedlargelyintheU.S.,withinternationalwholesalesalesrepresenting9%ofnetsalesforfiscal2018.Therefore,wehavealimitednumberofcustomersandexperienceinoperatingoutsideoftheU.S.WealsodonothaveextensiveexperiencewithregulatoryenvironmentsandmarketpracticesoutsideoftheU.S.andcannotguarantee,notwithstandingourinternationalpartners’familiaritywithsuchenvironmentsandmarketpractices,thatwewillbeabletopenetrateorsuccessfullyoperateinanymarketoutsideoftheU.S.Manyofthesemarketshavedifferentoperationalcharacteristics,includingemploymentandlaborregulations,transportation,logistics,realestate(includingleaseterms)andlocalreportingorlegalrequirements.

Furthermore,consumerdemandandbehavior,aswellasstylepreferences,sizeandfit,andpurchasingtrends,maydifferinthesemarketsand,asaresult,salesofourproductmaynotbesuccessful,orthemarginsonthosesalesmaynotbeinlinewiththosethatwecurrentlyanticipate.Inaddition,inmanyofthesemarketsthereissignificantcompetitiontoattractandretainexperiencedandtalentedemployees.FailuretodevelopnewmarketsoutsideoftheU.S.ordisappointingsalesgrowthoutsideoftheU.S.mayharmourbusinessandresultsofoperations.

Inparticular,wearesubjecttoFrenchlawsincludingtax,employmentandcorporatelawsbecauseofourpresenceinFrancethroughtheFrenchbranchofVince,LLC.Wemayalsoenterintootherforeignjurisdictionsandbecomesubjecttothelawsofthosejurisdictionsinthefuture.Ifwefailtocomplywithsomeorallofthoselaws,wemaybesubjecttofinesorpenaltiesthatcouldnegativelyimpactourbusinessandresultsofoperations.

Our current and future licensing arrangements may not be successful and may make us susceptible to the actions of third parties over whom we have limitedcontrol.

Wecurrentlyhaveproductlicensingagreementsforwomen’sfootwearandmen’sfootwearandonalimitedbasis,fragrance.Inthefuture,wemayenterintoselectadditionallicensingarrangementsforproductofferingswhichrequirespecializedexpertise.Inaddition,wehaveenteredintoselectlicensingagreementspursuanttowhichwehavegrantedcertainthirdpartiestherighttodistributeandsellourproductsincertaingeographicareas,andmaycontinuetodosointhefuture.Althoughwehavetakenandwillcontinuetotakestepstoselectpotentiallicensingpartnerscarefullyandmonitortheactivitiesofourexistinglicensingpartners(through,amongotherthings,approvalrightsoverproductdesign,productionquality,packaging,merchandising,marketing,distributionandadvertising),sucharrangementsmaynotbesuccessful.Ourlicensingpartnersmayfailtofulfilltheirobligationsundertheirlicenseagreementsorhaveintereststhatdifferfromorconflictwithourown,suchasthepricingofourproductsandtheofferingofcompetitiveproducts.Inaddition,therisksapplicabletothebusinessofourlicensingpartnersmaybedifferentthantherisksapplicabletoourbusiness,includingrisksassociatedwitheachsuchpartner’sabilityto:

• obtaincapital; • exerciseoperationalandfinancialcontroloveritsbusiness; • maintainrelationshipswithsuppliers; • manageitscreditandbankruptcyrisks;and • maintaincustomerrelationships.

Anyoftheforegoingrisks,ortheinabilityofanyofourlicensingpartnerstosuccessfullymarketourproductsorotherwiseconductit*business,mayresultinlossofrevenueandcompetitiveharmtoouroperationsinregionsorproductcategorieswherewehaveenteredintosuchlicensingarrangements.

The extent of our foreign sourcing may adversely affect our business.

Weworkwithmorethan40manufacturersacrossninecountries,with88%ofourproductsproducedinChinainfiscal2018.Amanufacturingcontractor’sfailuretoshipproductstousinatimelymannerortomeettherequiredqualitystandardscouldcauseustomissthedeliverydaterequirementsofourcustomersforthoseitems.Thefailuretomaketimelydeliveriesmaycausecustomerstocancelorders,refusetoacceptdeliveriesordemandreducedprices,anyofwhichcouldhaveamaterialadverseeffectonus.Asaresultofthemagnitudeofourforeignsourcing,ourbusinessissubjecttothefollowingrisks:

• politicalandeconomicinstabilityincountriesorregions,especiallyAsia,includingheightenedterrorismandothersecurityconcerns,whichcouldsubjectimportedorexportedgoodstoadditionalormorefrequentinspections,leadingtodelaysindeliveriesorimpoundmentofgoods;

• impositionofregulations,quotasandothertraderestrictionsrelatingtoimports,includingquotasimposedbybilateraltextileagreementsbetweentheU.S.andforeigncountries;

• currencyexchangerates; • impositionofincreasedduties,taxes,tariffs(including,butnotlimitedto,theTrumpAdministration'stariffsoncertainproductsmanufacturedin

ChinaandChina'sretaliatorytariffsoncertainproductssourcedfromtheU.S.)andotherchargesonimports; • laborunionstrikesatportsthroughwhichourproductsentertheU.S.; • laborshortagesincountrieswherecontractorsandsuppliersarelocated; • restrictionsonthetransferoffundstoorfromforeigncountries; • diseaseepidemicsandhealth-relatedconcerns,whichcouldresultinclosedfactories,reducedworkforces,scarcityofrawmaterialsandscrutinyor

embargoingofgoodsproducedininfectedareas; • themigrationanddevelopmentofmanufacturingcontractors,whichcouldaffectwhereourproductsareorareplannedtobeproduced; • increasesinthecostsoffuel,travelandtransportation; • reducedmanufacturingflexibilitybecauseofgeographicdistancebetweenourforeignmanufacturersandus,increasingtheriskthatwemayhaveto

markdownunsoldinventoryasaresultofmisjudgingthemarketforaforeign-madeproduct;and • violationsbyforeigncontractorsoflaborandwagestandardsandresultingadversepublicity.

Iftheseriskslimitorpreventusfrommanufacturingproductsinanysignificantinternationalmarket,preventusfromacquiringproductsfromforeignsuppliers,orsignificantlyincreasethecostofourproducts,ouroperationscouldbeseriouslydisrupteduntilalternativesuppliersarefoundoralternativemarketsaredeveloped,whichcouldnegativelyimpactourbusiness.

Fluctuations in the price, availability and quality of raw materials could cause delays and increase costs and cause our operating results and financialcondition to suffer.

Fluctuationsintheprice,availabilityandqualityofthefabricsorotherrawmaterials,particularlycotton,silk,leatherandsyntheticsusedinourmanufacturedapparel,couldhaveamaterialadverseeffectoncostofsalesorourabilitytomeetcustomerdemands.Thepricesoffabricsdependlargelyonthemarketpricesoftherawmaterialsusedtoproducethem.Thepriceandavailabilityoftherawmaterialsand,inturn,thefabricsusedinourapparelmayfluctuatesignificantly,dependingonmanyfactors,includingcropyields,weatherpatterns,laborcostsandchangesinoilprices.Wemaynotbeabletocreatesuitabledesignsolutionsthatutilizerawmaterialswithattractivepricesor,alternatively,topasshigherrawmaterialspricesandrelatedtransportationcostsontoourcustomers.Wearenotalwayssuccessfulinoureffortstoprotectourbusinessfromthevolatilityofthemarketpriceofrawmaterials,andourbusinesscanbemateriallyaffectedbydramaticmovementsinpricesofrawmaterials.Theultimateeffectofthischangeonourearningscannotbequantified,astheeffectofmovementsinrawmaterialspricesonindustrysellingpricesareuncertain,butanysignificantincreaseinthesepricescouldhaveamaterialadverseeffectonourbusiness,financialconditionandoperatingresults.

Our reliance on independent manufacturers could cause delays or quality issues which could damage customer relationships.

Weuseindependentmanufacturerstoassembleorproduceallofourproducts,whetherinsideoroutsidetheU.S.Wearedependentontheabilityoftheseindependentmanufacturerstoadequatelyfinancetheproductionofgoodsorderedandmaintainsufficientmanufacturingcapacity.Becausewedonotcontroltheseindependentmanufacturers,theymaynotcontinuetoprovideproductsthatareconsistentwithourstandards.Wereceivefromtimetotimeshipmentsofproductthatfailtoconformtoourqualitycontrolstandardsorproductsthataredamagedduringshipmentastheywerenotproperlypacked.Failuressuchastheseinourqualitycontrolprogrammayresultindiminishedproductquality,whichinturnmayresultinincreasedordercancellationsandreturns,

decreasedconsumerdemandforourproducts,orproductrecalls,anyofwhichmayhaveamaterialadverseeffectonourresultsofoperationsandfinancialcondition.Inaddition,productsthatfailtomeetourstandards,orotherunauthorizedproducts,couldendupinthemarketplacewithoutourknowledge.Thiscouldmateriallyharmourbrandandourreputationinthemarketplace.

Wegenerallydonothavelong-termwrittenagreementswithanyindependentmanufacturers.Asaresult,anysinglemanufacturingcontractorcouldunilaterallyterminateitsrelationshipwithusatanytime.Ourtopfivemanufacturersaccountedfortheproductionofapproximately61%ofourfinishedproductsduringfiscal2018.Supplydisruptionsfromthesemanufacturers(oranyofourothermanufacturers)couldhaveamaterialadverseeffectonourabilitytomeetcustomerdemands,ifweareunabletosourcesuitablereplacementmaterialsatacceptablepricesoratall.Moreover,alternativemanufacturers,ifavailable,maynotbeabletoprovideuswithproductsorservicesofacomparablequality,atanacceptablepriceoronatimelybasis.Wemayalso,fromtimetotime,makeadecisiontoenterintoarelationshipwithanewmanufacturer.Identifyingasuitablesupplierisaninvolvedprocessthatrequiresustobecomesatisfiedwiththeirqualitycontrol,responsivenessandservice,financialstabilityandlaborandotherethicalpractices.Therecanbenoassurancethattherewillnotbeadisruptioninthesupplyofourproductsfromindependentmanufacturersorthatanynewmanufacturerwillbesuccessfulinproducingourproductsinamannerweexpected.Moreover,duringfiscal2017,certainmanufacturersdemandedacceleratedpaymenttermsorprepaymentsasaconditiontodeliveringfinishedgoodstous,whichrequiredustotakevariousstepstoaddressthoserequeststoavoiddisruptionsinproductdeliveriesandtoreturntonormalterms.Therecanbenoassurancethatsuchdemandswouldnotrecurinthefuture.Intheeventofanydisruptionwithamanufacturer,wemaynotbeabletosubstitutesuitablealternativemanufacturersinatimelyandcost-efficientmanner.Thefailureofanyindependentmanufacturertoperformorthelossofanyindependentmanufacturercouldhaveamaterialadverseeffectonourbusiness,resultsofoperationsandfinancialcondition.

If our independent manufacturers fail to use ethical business practices and comply with applicable laws and regulations, our brand image could be harmed dueto negative publicity.

Wehaveestablishedandcurrentlymaintainoperatingguidelineswhichpromoteethicalbusinesspracticessuchasfairwagepractices,compliancewithchildlaborlawsandotherlocallaws.Whilewemonitorcompliancewiththoseguidelines,wedonotcontrolourindependentmanufacturersortheirbusinesspractices.Accordingly,wecannotguaranteetheircompliancewithourguidelines.Alackofdemonstratedcompliancecouldleadustoseekalternativesuppliers,whichcouldincreaseourcostsandresultindelayeddeliveryofourproducts,productshortagesorotherdisruptionsofouroperations.

Violationoflabororotherlawsbyourindependentmanufacturersorthedivergenceofanindependentmanufacturer’slabororotherpracticesfromthosegenerallyacceptedasethicalintheU.S.orothermarketsinwhichwedobusinesscouldalsoattractnegativepublicityforusandourbrand.Fromtimetotime,ourauditresultshaverevealedalackofcomplianceincertainrespects,includingwithrespecttolocallabor,safetyandenvironmentallaws.Otherfashioncompanieshavefacedcriticismafterhighly-publicizedincidentsorcomplianceissueshaveoccurredorbeenexposedatfactoriesproducingtheirproducts.Totheextentourmanufacturersdonotbringtheiroperationsintocompliancewithsuchlawsorresolvematerialissuesidentifiedinanyofourauditresults,wemayfacesimilarcriticismandnegativepublicity.Thiscoulddiminishthevalueofourbrandimageandreducedemandforourmerchandise.Inaddition,otherfashioncompanieshaveencounteredorganizedboycottsoftheirproductsinsuchsituations.Ifwe,orothercompaniesinourindustry,encountersimilarproblemsinthefuture,itcouldharmourbrandimage,stockpriceandresultsofoperations.

Monitoringcompliancebyindependentmanufacturersiscomplicatedbythefactthatexpectationsofethicalbusinesspracticescontinuallyevolve,maybesubstantiallymoredemandingthanapplicablelegalrequirementsandaredriveninpartbylegaldevelopmentsandbydiversegroupsactiveinpublicizingandorganizingpublicresponsestoperceivedethicalshortcomings.Accordingly,wecannotpredicthowsuchexpectationsmightdevelopinthefutureandcannotbecertainthatourguidelineswouldsatisfyallpartieswhoareactiveinmonitoringandpublicizingperceivedshortcomingsinlaborandotherbusinesspracticesworldwide.

Our operating results may be subject to seasonal and quarterly variations in our net revenue and income from operations.

Theapparelandfashionindustryinwhichweoperateiscyclicaland,consequently,ourrevenuesareaffectedbygeneraleconomicconditionsandtheseasonaltrendscharacteristictotheapparelandfashionindustry.Purchasesofapparelaresensitivetoanumberoffactorsthatinfluencethelevelofconsumerspending,includingeconomicconditionsandthelevelofdisposableconsumerincome,consumerdebt,interestrates,consumerconfidenceaswellastheimpactfromadverseweatherconditions.Inaddition,fluctuationsintheamountofsalesinanyfiscalquarterareaffectedbythetimingofseasonalwholesaleshipmentsandothereventsaffectingdirect-to-consumersales;assuch,thefinancialresultsforanyparticularquartermaynotbeindicativeofresultsforthefiscalyear.Anyfutureseasonalorquarterlyfluctuationsinourresultsofoperationsmaynotmatchtheexpectationsofmarketanalystsandinvestorstoassessthelonger-termprofitabilityandstrengthofourbusinessatanyparticularpoint,whichcouldleadtoincreasedvolatilityinourstockprice.

Our goodwill and indefinite-lived intangible assets could become further impaired, which may require us to take significant non-cash charges against earnings.

InaccordancewithFinancialAccountingStandardsBoardASCTopic350Intangibles-GoodwillandOther(“ASC350”),goodwillandotherindefinite-livedintangibleassetsaretestedforimpairmentatleastannuallyduringthefourthfiscalquarterandinaninterimperiodifatriggeringeventoccurs.Determiningthefairvalueofgoodwillandindefinite-livedintangibleassetsisjudgmentalinnatureandrequirestheuseofsignificantestimatesandassumptions,includingrevenuegrowthratesandoperatingmargins,discountratesandfuturemarketconditions,amongothers.Webaseourestimatesonassumptionswebelievetobereasonable,butwhichareunpredictableandinherentlyuncertain.Actualfutureresultsmaydifferfromthoseestimates.Duringthefourthquarteroffiscal2016,theCompanyrecordedimpairmentchargesof$22,311relatedtothedirect-to-consumerreportingunitgoodwilland$30,750relatedtothetradenameintangibleasset.Itispossiblethatourcurrentestimatesoffutureoperatingresultscouldchangeadverselyandimpacttheevaluationoftherecoverabilityoftheremainingcarryingvalueofgoodwillandintangibleassetsandthattheeffectofsuchchangescouldbematerial.Therecanbenoassurancesthatwewillnotberequiredtorecordfurtherchargesinourfinancialstatementswhichwouldnegativelyimpactourresultsofoperationsduringtheperiodinwhichanyimpairmentofourgoodwillorintangibleassetsisdetermined.

We are required to pay to the Pre-IPO Stockholders 85% of certain tax benefits, and could be required to make substantial cash payments in which ourstockholders will not participate.

WeenteredintoaTaxReceivableAgreementwiththePre-IPOStockholders(asdefinedtherein)inconnectionwiththeIPOandRestructuringTransactionswhichclosedonNovember27,2013.UndertheTaxReceivableAgreement,wewillbeobligatedtopaytothePre-IPOStockholdersanamountequalto85%ofthecashsavingsinfederal,stateandlocalincometaxrealizedbyusbyvirtueofourfutureuseofthefederal,stateandlocalnetoperatinglosses(“NOLs”)heldbyusasofNovember27,2013,togetherwithsection197intangibledeductions(collectively,the“Pre-IPOTaxBenefits”).“Section197intangibledeductions”meansamortizationdeductionswithrespecttocertainamortizableintangibleassetswhichareheldbyusandoursubsidiariesimmediatelyafterNovember27,2013.Cashtaxsavingsgenerallywillbecomputedbycomparingouractualfederal,stateandlocalincometaxliabilitytotheamountofsuchtaxesthatwewouldhavebeenrequiredtopayhadsuchPre-IPOTaxBenefitsnotbeenavailabletous.Assumingthefederal,stateandlocalcorporateincometaxratespresentlyineffectwhichincludestheimpactoftheTCJA,nomaterialchangeinapplicabletaxlawandnolimitationonourabilitytousethePre-IPOTaxBenefitsunderSection382oftheU.S.InternalRevenueCode,asamended(the“Code”),theestimatedcashbenefitofthefulluseofthesePre-IPOTaxBenefitsasofFebruary2,2019wouldbeapproximately$106,884,ofwhich85%,orapproximately$90,851plusaccruedinterest,ispotentiallypayabletothePre-IPOStockholdersunderthetermsoftheTaxReceivableAgreement.AsofFebruary2,2019,$58,273,plusaccruedinterest,iscurrentlyoutstanding.Accordingly,theTaxReceivableAgreementcouldrequireustomakesubstantialcashpayments.

PaymentsmadeundertheTaxReceivableAgreementwilldependuponanumberoffactors,includingtheamountandtimingoftaxableincomewegenerateinthefutureandanyfuturelimitationsthatmaybeimposedonourabilitytousethePre-IPOTaxBenefits,andestimatingfuturetaxableincomeisinherentlyuncertainandrequiresjudgment.Ifwedetermineinthefuturethattheestimateshouldberevised,wewouldberequiredtoeitherrecognizeadditionalliabilityrelatedtotaxbenefitsexpectedtobeutilizedorderecognizeliabilityrelatingtotaxbenefitsnolongerexpectedtobeutilized,whichcouldresultinmaterialmodificationstoourfinancialstatements.

AlthoughwearenotawareofanyissuethatwouldcausetheU.S.InternalRevenueService(the“IRS”)tochallengeanytaxbenefitsarisingundertheTaxReceivableAgreement,theaffiliatesofSunCapitalwillnotreimburseusforanypaymentspreviouslymadeifsuchbenefitssubsequentlyweredisallowed,althoughtheamountofanytaxsavingssubsequentlydisallowedwillreduceanyfuturepaymentotherwiseowedtothePre-IPOStockholders.Forexample,ifourdeterminationsregardingtheapplicability(orlackthereof)andamountofanylimitationsontheNOLsunderSection382oftheCodeweretobesuccessfullychallengedbytheIRSafterpaymentsrelatingtosuchNOLshadbeenmadetothePre-IPOStockholders,wewouldnotbereimbursedbythePre-IPOStockholdersandourrecoverywouldbelimitedtotheextentoffuturepayments(ifany)otherwiseremainingundertheTaxReceivableAgreement.Asaresult,insuchcirc*mstanceswecouldmakepaymentstothePre-IPOStockholdersundertheTaxReceivableAgreementinexcessofouractualcashtaxsavings.

AttheeffectivedateoftheTaxReceivableAgreement,theliabilityrecognizedwasaccountedforinourfinancialstatementsasareductionofadditionalpaid-incapital.SubsequentchangesintheTaxReceivableAgreementliabilitywillberecordedthroughearnings.EveniftheNOLsareavailabletous,theTaxReceivableAgreementwilloperatetotransfer85%ofthebenefittothePre-IPOStockholders.Additionally,thepaymentswemaketothePre-IPOStockholdersundertheTaxReceivableAgreementarenotexpectedtogiverisetoanyincidentaltaxbenefitstous,suchasdeductionsoranadjustmenttothebasisofourassets.

FederalandstatelawsimposesubstantialrestrictionsontheutilizationofNOLcarry-forwardsintheeventofan“ownershipchange,”asdefinedinSection382oftheCode.Undertherules,suchanownershipchangeisgenerallyanychangeinownershipofmorethan50percentofacompany’sstockwithinarollingthree-yearperiod,ascalculatedinaccordancewiththerules.Therulesgenerallyoperatebyfocusingonchangesinownershipamongstockholdersconsideredbytherulesasowningdirectlyorindirectly5%ormoreofthestockofthecompanyandanychangeinownershiparisingfromnewissuancesofstockbythecompany.

WhilewehaveperformedananalysisunderSection382oftheCodethatindicatestheIPOandRestructuringTransactionswouldnotconstituteanownershipchange,suchtechnicalguidelinesarecomplexandsubjecttosignificantjudgmentandinterpretation.WiththeIPOandthetransactionsrelatedtotheIPOincludingtheRestructuringTransactions,wemaytriggerorhavealreadytriggeredan“ownershipchange”limitation.Wemayalsoexperienceownershipchangesinthefutureasaresultofsubsequentshiftsinstockownership.Asaresult,ifweearnnettaxableincome,ourabilitytousethepre-changeNOLcarry-forwards(aftergivingeffecttopaymentstobemadetothePre-IPOStockholdersundertheTaxReceivableAgreement)tooffsetU.S.federaltaxableincomemaybesubjecttolimitations,whichcouldpotentiallyresultinincreasedfuturetaxliabilitytous.Notwithstandingtheforegoing,ouranalysistodateunderSection382oftheCodeindicatesthattheIPORestructuringTransactionshavenottriggeredan“ownershipchange”limitation.

IfwedidnotenterintotheTaxReceivableAgreement,wewouldbeentitledtorealizethefulleconomicbenefitofthePre-IPOTaxBenefits,totheextentallowedbyfederal,stateandlocallaw,includingSection382oftheCode.Subjecttoexceptions,theTaxReceivableAgreementisdesignedwiththeobjectiveofcausingourannualcashcostsattributabletofederalstateandlocalincometaxes(withoutregardtoourcontinuing15%interestinthePre-IPOTaxBenefits)tobethesameaswewouldhavepaidhadwenothadthePre-IPOTaxBenefitsavailabletooffsetourfederal,stateandlocaltaxableincome.Asaresult,wewillnotbeentitledtotheeconomicbenefitofthePre-IPOTaxBenefitsthatwouldhavebeenavailableiftheTaxReceivableAgreementwerenotineffect(excepttotheextentofourcontinuing15%interestinthePre-IPOTaxBenefits).

In certain cases, payments under the Tax Receivable Agreement to the Pre-IPO Stockholders may be accelerated and/or significantly exceed the actual benefitswe realize in respect of the Pre-IPO Tax Benefits.

UpontheelectionofanaffiliateofSunCapitaltoterminatetheTaxReceivableAgreementpursuanttoachangeincontrol(asdefinedintheTaxReceivableAgreement)oruponourelectiontoterminatetheTaxReceivableAgreementearly,allofourpaymentandotherobligationsundertheTaxReceivableAgreementwillbeacceleratedandwillbecomedueandpayable.Additionally,theTaxReceivableAgreementprovidesthatintheeventthatwebreachanyofourmaterialobligationsundertheTaxReceivableAgreementbyoperationoflawasaresultoftherejectionoftheTaxReceivableAgreementinacasecommencedunderTitle11oftheUnitedStatesCode(the“BankruptcyCode”)thenallofourpaymentandotherobligationsundertheTaxReceivableAgreementwillbeacceleratedandwillbecomedueandpayable.

Inthecaseofanysuchacceleration,wewouldberequiredtomakeanimmediatepaymentequalto85%ofthepresentvalueofthetaxsavingsrepresentedbyanyportionofthePre-IPOTaxBenefitsforwhichpaymentundertheTaxReceivableAgreementhasnotalreadybeenmade,whichupfrontpaymentmaybemadeyearsinadvanceoftheactualrealizationofsuchfuturebenefits.SuchpaymentscouldbesubstantialandcouldexceedouractualcashtaxsavingsfromthePre-IPOTaxBenefits.Inthesesituations,ourobligationsundertheTaxReceivableAgreementcouldhaveasubstantialnegativeimpactonourliquidityandcouldhavetheeffectofdelaying,deferringorpreventingcertainmergers,assetsales,otherformsofbusinesscombinationsorotherchangesofcontrol.TherecanbenoassurancethatwewillhavesufficientcashavailableorthatwewillbeabletofinanceourobligationsundertheTaxReceivableAgreement.

IfweweretoelecttoterminatetheTaxReceivableAgreement,basedonadiscountrateequaltomonthlyLIBORplus200basispoints,weestimatethatasofFebruary2,2019wewouldberequiredtopayapproximately$44,929intheaggregateundertheTaxReceivableAgreement.

We could incur significant costs in complying with environmental, health and safety laws or as a result of satisfying any liability or obligation imposed undersuch laws.

Ouroperationsaresubjecttovariousfederal,state,localandforeignenvironmental,healthandsafetylawsandregulations.Wecouldbeheldliableforthecoststoaddresscontaminationofanyrealpropertyeverowned,operatedorusedasadisposalsite.Inaddition,intheeventthatKellwoodbecomesfinanciallyincapableofaddressingtheenvironmentalliabilityincurredpriortothestructuralreorganizationseparatingKellwoodfromVincethatoccurredonNovember27,2013,athirdpartymayfilesuitandattempttoallegethatKellwoodandVinceengagedinafraudulenttransferbyarguingthatthepurposeoftheseparationofthenon-VinceassetsfromVinceHoldingCorp.wastoinsulateourassetsfromtheenvironmentalliability.Forexample,pursuanttoaConsentDecreewiththeU.S.EnvironmentalProtectionAgency(“EPA”)andtheStateofMissouri,anon-Vincesubsidiary,whichwasseparatedfromusintheRestructuringTransactions,isconductingacleanupofcontaminationatthesiteofaplantinNewHaven,Missouri,whichoccurredbetween1973and1985.Kellwoodhaspostedaletterofcreditintheamountofapproximately$5,900asaperformanceguaranteefortheestimatedcostoftherequiredremediationwork.InconnectionwiththeKellwoodSale,theletterofcreditwastransferredtotheaccountoftheKellwoodPurchaser.If,despitethefinancialassuranceprovidedbytheletterofcreditasrequiredbytheEPA,thebuyerofKellwoodbecamefinanciallyunabletoaddressthisremediation,andifthecorporateseparatenessofVinceisdisregardedorifafraudulenttransferisfoundtohaveoccurred,wecouldbeliableforthefullamountoftheremediation.Ifthisweretooccurorifweweretobecomeliableforotherenvironmentalliabilitiesorobligations,itcouldhaveamaterialadverseeffectonourbusiness,financialconditionorresultsofoperations.

Any disputes that arise between us and St. Louis, LLC, or between us and Kellwood, which is now an unaffiliated entity, with respect to our past relationships,could materially harm our business operations.

DisputesmayarisebetweenSt.Louis,LLCanduswithrespecttoanypasttransitionalservicesprovidedundertheSharedServicesAgreement.Inaddition,disputesmayarisebetweenusandKellwood,whichisnowanunaffiliatedentityasaresultoftheKellwoodSale,inanumberofareasrelatingtoourpastrelationships,includingintellectualpropertyandtechnologymatters;informationretention,labor,tax,employeebenefit,indemnificationandothermattersarisingfromourseparationfromKellwood.

AnydisputerelatingtotheSharedServicesAgreementmaynotbeaddressedadequatelyasSt.Louis,LLCisnowanentitywithnooperations.Inaddition,wemaynotbeabletoresolveanypotentialconflictswithKellwoodandtheresolutionmightbemoredifficultwithanunaffiliatedpartydueto,amongotherthings,lackofhistoricalknowledgeandunderstandingofthenatureofourpastrelationshipwithKellwood.Anysuchdispute,ifnotresolved,couldmateriallyharmourbusinessoperations.

Risks Related to Our Structure and Ownership

We are a “controlled company,” controlled by investment funds advised by affiliates of Sun Capital, whose interests in our business may be different fromyours.

AffiliatesofSunCapitalPartners,Inc.(“SunCapital”)ownedapproximately73%ofouroutstandingcommonstockasofMarch31,2019.Assuch,affiliatesofSunCapitalwill,fortheforeseeablefuture,havesignificantinfluenceoverourreportingandcorporatemanagementandaffairs,andwillbeabletocontrolvirtuallyallmattersrequiringstockholderapproval.ForsolongasaffiliatesofSunCapitalown30%ormoreofouroutstandingsharesofcommonstock,SunCardinal,LLC,anaffiliateofSunCapital,willhavetherighttodesignateamajorityofourboardofdirectors.ForsolongasaffiliatesofSunCapitalhavetherighttodesignateamajorityofourboardofdirectors,thedirectorsdesignatedbyaffiliatesofSunCapitalmayconstituteamajorityofeachcommitteeofourboardofdirectors,otherthantheAuditCommittee,andthechairmanofeachofthecommittees,otherthantheAuditCommittee,maybeadirectorservingonsuchcommitteewhoisdesignatedbyaffiliatesofSunCapital,providedthat,atsuchtimeaswearenota“controlledcompany”undertheNYSEcorporategovernancestandards,ourcommitteemembershipwillcomplywithallapplicablerequirementsofthosestandardsandamajorityofourboardofdirectorswillbe“independentdirectors,”asdefinedundertherulesoftheNYSE(subjecttoapplicablephase-inrules).

Asa“controlledcompany,”therulesoftheNYSEexemptusfromtheobligationtocomplywithcertaincorporategovernancerequirements,includingtherequirementsthatamajorityofourboardofdirectorsconsistsof“independentdirectors,”asdefinedundersuchrules,andthatwehavenominatingandcorporategovernanceandcompensationcommitteesthatareeachcomposedentirelyofindependentdirectors.Theseexemptionsdonotmodifytherequirementforafullyindependentauditcommittee,whichwehave.Similarly,oncewearenolongera“controlledcompany,”wemustcomplywiththeindependentboardcommitteerequirementsastheyrelatetothenominatingandcorporategovernanceandcompensationcommittees,whicharepermittedtobephased-inasfollows:(1)oneindependentcommitteememberonthedateweceasetobea“controlledcompany”;(2)amajorityofindependentcommitteememberswithin90daysofsuchdate;and(3)allindependentcommitteememberswithinoneyearofsuchdate.Additionally,wewillhave12monthsfromthedateweceasetobea“controlledcompany”tohaveamajorityofindependentdirectorsonourboardofdirectors.

AffiliatesofSunCapitalcontrolactionstobetakenbyus,ourboardofdirectorsandourstockholders,includingamendmentstoouramendedandrestatedcertificateofincorporationandamendedandrestatedbylawsandapprovalofsignificantcorporatetransactions,includingmergersandsalesofsubstantiallyallofourassets.ThedirectorsdesignatedbyaffiliatesofSunCapitalhavetheauthority,subjecttothetermsofourindebtednessandtherulesandregulationsoftheNYSE,toissueadditionalstock,implementstockrepurchaseprograms,declaredividendsandmakeotherdecisions.TheNYSEindependencestandardsareintendedtoensurethatdirectorswhomeettheindependencestandardarefreeofanyconflictinginterestthatcouldinfluencetheiractionsasdirectors.Ouramendedandrestatedcertificateofincorporationprovidesthatthedoctrineof“corporateopportunity”doesnotapplyagainstSunCapitaloritsaffiliates,oranyofourdirectorswhoareassociatesof,oraffiliatedwith,SunCapital,inamannerthatwouldprohibitthemfrominvestingincompetingbusinessesordoingbusinesswithourpartnersorcustomers.ItispossiblethattheinterestsofSunCapitalanditsaffiliatesmayinsomecirc*mstancesconflictwithourinterestsandtheinterestsofourotherstockholders,includingyou.Forexample,SunCapitalmayhavedifferenttaxpositionsfromotherstockholderswhichcouldinfluencetheirdecisionsregardingwhetherandwhenweshoulddisposeofassets,whetherandwhenweshouldincurneworrefinanceexistingindebtedness,especiallyinlightoftheexistenceoftheTaxReceivableAgreement,andwhetherandwhenweshouldterminatetheTaxReceivableAgreementandaccelerateourobligationsthereunder.Inaddition,thestructuringoffuturetransactionsmaytakeintoconsiderationtaxorotherconsiderationsofSunCapitalanditsaffiliatesevenwherenosimilarbenefitwouldaccruetous.See“TaxReceivableAgreement”underNote12“RelatedPartyTransactions”totheConsolidatedFinancialStatementsinthisAnnualReportonForm10-Kforadditionalinformation.

We are a holding company and we are dependent upon distributions from our subsidiaries to pay dividends, taxes and other expenses.

VinceHoldingCorp.isaholdingcompanywithnomaterialassetsotherthanitsownershipofmembershipinterestsinVinceIntermediateHolding,LLC,aholdingcompanythathasnomaterialassetsotherthanitsinterestinVince,LLC.NeitherVinceHoldingCorp.norVinceIntermediateHolding,LLChaveanyindependentmeansofgeneratingrevenue.Totheextentthatweneedfunds,foracashdividendtoholdersofourcommonstockorotherwise,andVinceIntermediateHolding,LLCorVince,LLCisrestrictedfrommakingsuchdistributionsunderapplicablelaworregulationorisotherwiseunabletoprovidesuchfunds,itcouldmateriallyadverselyaffectourliquidityandfinancialcondition.

WefileconsolidatedincometaxreturnsonbehalfofVinceHoldingCorp.andVinceIntermediateHolding,LLC.MostofourfuturetaxobligationswilllikelybeattributedtotheoperationsofVince,LLC.Accordingly,mostofthepaymentsagainsttheTaxReceivableAgreementwillbeattributedtotheoperationsofVince,LLC.WeintendtocauseVince,LLCtopaydistributionsormakefundsavailabletousinanamountsufficienttoallowustopayourtaxesandanypaymentsduetothePre-IPOstockholdersundertheTaxReceivableAgreement.If,asaconsequenceofthesevariouslimitationsandrestrictions,wedonothavesufficientfundstopaytaxorotherliabilities,wemayhavetoborrowfundsandthusourliquidityandfinancialconditioncouldbemateriallyadverselyaffected.TotheextentthatweareunabletomakepaymentsundertheTaxReceivableAgreementforanyreason,suchpaymentswillbedeferredandwillaccrueinterestatadefaultrateofone-yearLIBORplus500basispointsuntilpaid.See“TaxReceivableAgreement”underNote12“RelatedPartyTransactions”totheConsolidatedFinancialStatementsinthisAnnualReportonForm10-KformoreinformationregardingthetermsoftheTaxReceivableAgreement.

Anti-takeover provisions of Delaware law and our amended and restated certificate of incorporation and bylaws could delay and discourage takeover attemptsthat stockholders may consider to be favorable.

OuramendedandrestatedcertificateofincorporationandamendedandrestatedbylawscontainprovisionsthatmaymaketheacquisitionofourCompanymoredifficultwithouttheapprovalofourboardofdirectors.Theseprovisionsinclude:

• theclassificationofourboardofdirectorssothatnotallmembersofourboardofdirectorsareelectedatonetime; • theauthorizationoftheissuanceofundesignatedpreferredstock,thetermsofwhichmaybeestablishedandthesharesofwhichmaybeissued

withoutstockholderapproval,andwhichmayincludesupervoting,specialapproval,dividend,orotherrightsorpreferencessuperiortotherightsoftheholdersofcommonstock;

• stockholderactioncanonlybetakenataspecialorregularmeetingandnotbywrittenconsentfollowingthetimethatSunCapitalanditsaffiliatesceasetobeneficiallyownamajorityofourcommonstock;

• advancenoticeproceduresfornominatingcandidatestoourboardofdirectorsorpresentingmattersatstockholdermeetings; • removalofdirectorsonlyforcausefollowingthetimethatSunCapitalanditsaffiliatesceasetobeneficiallyownamajorityofourcommonstock; • allowingSunCardinaltofillanyvacancyonourboardofdirectorsforsolongasaffiliatesofSunCapitalown30%ormoreofouroutstanding

sharesofcommonstockandthereafter,allowingonlyourboardofdirectorstofillvacanciesonourboardofdirectors;and • followingthetimethatSunCapitalanditsaffiliatesceasetobeneficiallyownamajorityofourcommonstock,super-majorityvotingrequirements

toamendourbylawsandcertainprovisionsofourcertificateofincorporation.

OuramendedandrestatedcertificateofincorporationalsocontainsaprovisionthatprovidesuswithprotectionssimilartoSection203oftheDelawareGeneralCorporationLaw,andpreventsusfromengaginginabusinesscombination,suchasamerger,withapersonorgroupwhoacquiresatleast15%ofourvotingstockforaperiodofthreeyearsfromthedatesuchpersonbecameaninterestedstockholder,unlessboardorstockholderapprovalisobtainedpriortoacquisition.However,ouramendedandrestatedcertificateofincorporationalsoprovidesthatbothSunCapitalanditsaffiliatesandanypersonstowhomaSunCapitalaffiliatesellsitscommonstockwillbedeemedtohavebeenapprovedbyourboardofdirectors.

Theseanti-takeoverprovisionsandotherprovisionsunderDelawarelawcoulddiscourage,delayorpreventatransactioninvolvingachangeofcontrolofourCompany,evenifdoingsowouldbenefitourstockholders.Theseprovisionscouldalsodiscourageproxycontestsandmakeitmoredifficultforyouandotherstockholderstoelectdirectorsofyourchoosingandtocauseustotakeothercorporateactionsyoudesire.

Our amended and restated certificate of incorporation also provides that the Court of Chancery of the State of Delaware will be the sole and exclusive forumfor substantially all disputes between us and our stockholders, which could limit our stockholders’ ability to obtain a favorable judicial forum for disputes withus or our directors, officers or employees.

OuramendedandrestatedcertificateofincorporationprovidesthattheCourtofChanceryoftheStateofDelawareis,tothefullestextentpermittedbyapplicablelaw,thesoleandexclusiveforumforanyofthefollowing:anyderivativeactionorproceedingbroughtonourbehalf;anyactionassertingabreachoffiduciaryduty;anyactionassertingaclaimagainstusarisingundertheDelawareGeneralCorporationLaw,ouramendedandrestatedcertificateofincorporationorouramendedandrestatedbylaws;oranyactionassertingaclaimagainstusthatisgovernedbytheinternalaffairsdoctrine.Thechoiceofforumprovisionmaylimita

stockholder’sabilitytobringaclaiminajudicialforumthatitfindsfavorablefordisputeswithusorourdirectors,officersorotheremployees,whichmaydiscouragesuchlawsuitsagainstusandourdirectors,officersandotheremployees.Alternatively,ifacourtweretofindthechoiceofforumprovisioncontainedinouramendedandrestatedcertificateofincorporationtobeinapplicableorunenforceableinanaction,wemayincuradditionalcostsassociatedwithresolvingsuchactioninotherjurisdictions,whichcouldadverselyaffectourbusinessandfinancialcondition.

We are a “smaller reporting company” and intend to avail ourselves of reduced disclosure requirements applicable to smaller reporting companies, whichcould make our common stock less attractive to investors.

Wearea“smallerreportingcompany,”asdefinedintheExchangeAct,andweintendtotakeadvantageofcertainexemptionsfromvariousreportingrequirementsthatareapplicabletootherpubliccompaniesthatarenot“smallerreportingcompanies,”includingreduceddisclosureobligationsregardingexecutivecompensationinourperiodicreportsandproxystatements.Wecannotpredictifinvestorswillfindourcommonstocklessattractivebecausewemayrelyontheseexemptions.Ifsomeinvestorsfindourcommonstocklessattractiveasaresult,theremaybealessactivetradingmarketforourcommonstockandourstockpricemaybemorevolatile.Weintendtotakeadvantageofthesereportingexemptionsuntilwearenolongera“smallerreportingcompany.”Wewillremaina“smallerreportingcompany”untiltheaggregatemarketvalueofouroutstandingcommonstockheldbynon-affiliatesasofthelastbusinessdayofourmostrecentlycompletedsecondfiscalquarteris$250millionormoreandannualrevenueasofourmostrecentlycompletedfiscalyearis$100millionormore,ortheaggregatemarketvalueofouroutstandingcommonstockheldbynon-affiliatesasofthelastbusinessdayofourmostrecentlycompletedsecondfiscalquarteris$700millionormore,regardlessofannualrevenue.

ITEM 1B. UNRESOLVE D STAFF COMMENTS.

None.

ITEM 2. PROPERTIES.

Wedonotownanyrealestate.Our33,009square-footprincipalexecutiveandadministrativeofficesarelocatedat500FifthAvenue,19thand20thFloors,NewYork,NewYork10110andareleasedunderanagreementexpiringinApril2025.Wealsoleasea28,541square-footdesignstudiolocatedat900N.CahuengaBlvd.,LosAngeles,CaliforniaunderanagreementexpiringinJuly2020anda4,209square-footshowroomspaceinParis,FranceunderanagreementexpiringinMay2024.Wehaveoptionstoreneworextendthetermattheselocations.

AsofFebruary2,2019,weleased139,829grosssquarefeetrelatedtoour59company-operatedretailstores.Ourleasesgenerallyhaveinitialtermsof10yearsandcannotbeextendedorcanbeextendedforoneadditional5-yearterm,withtheexceptionofafewrecentleaseswhichareonshorterterms.Substantiallyallofourleasesrequireafixedannualrent,andmostrequirethepaymentofadditionalrentifstoresalesexceedanegotiatedamount.Mostofourleasesare“net”leases,whichrequireustopayallofthecostofinsurance,taxes,maintenanceandutilities.Althoughwegenerallycannotcanceltheseleasesatouroption,certainofourleasesallowus,andinsomecases,thelessor,toterminatetheleaseifwedonotachieveaspecifiedgrosssalesthreshold.

Thefollowingstorelistshowsthelocation,openingdate,typeandsizeofourcompany-operatedretaillocationsasofFebruary2,2019:

Vince Location State Opening Date Type Gross Square Feet Selling Square

Feet WashingtonSt.(Meatpacking-Women's) NY February3,2009 Street 2,000 1,600 PrinceSt.(Nolita) NY July25,2009 Street 1,396 1,108 SanFrancisco CA October15,2009 Street 1,895 1,408 Chicago IL October1,2010 Street 2,590 1,371 MadisonAve. NY August3,2012 Street 3,503 1,928 Westport CT March28,2013 Street 1,801 1,344 Greenwich CT July19,2013 Street 2,463 1,724 MercerSt.(Soho) NY August22,2013 Street 4,500 3,080 ColumbusAve.(UpperWestSide) NY December18,2013 Street 4,465 3,126 WashingtonSt.(Meatpacking-Men's) NY June2,2014 Street 1,827 1,027 NewburySt.(Boston) MA May24,2014 Street 4,124 3,100 Pasadena CA August7,2014 Street 3,475 2,200 WalnutSt.(Philadelphia) PA August4,2014 Street 3,250 2,000 AbbotKinney(LosAngeles) CA September26,2015 Street 1,990 1,815 Melrose(LosAngeles) CA October15,2017 Street 1,932 1,554 Total Street (15): 41,211 28,385 Malibu CA August9,2009 LifestyleCenter 797 705 Dallas TX August28,2009 LifestyleCenter 1,368 1,182 BocaRaton FL October13,2009 Mall 1,547 1,199 CopleyPlace(Boston) MA October20,2009 Mall 1,370 1,015 WhitePlains NY November6,2009 Mall 1,325 1,045 Atlanta GA April16,2010 Mall 1,643 1,356 PaloAlto CA September17,2010 LifestyleCenter 2,028 1,391 BellevueSquare WA November5,2010 Mall 1,460 1,113 Manhasset(LongIsland) NY April22,2011 LifestyleCenter 1,414 1,000 NewportBeach CA May20,2011 LifestyleCenter 1,656 1,242 ChestnutHill MA July25,2014 LifestyleCenter 2,357 1,886 BalHarbour FL October4,2014 LifestyleCenter 2,600 1,820 Brookfield(Downtown) NY March26,2015 LifestyleCenter 2,966 2,373 MerrickPark(CoralGables) FL April30,2015 LifestyleCenter 2,512 1,871 WashingtonD.C.CityCenter DC April30,2015 Street 3,202 2,562 ScottsdaleQuarter AZ May15,2015 LifestyleCenter 2,753 2,200 Houston TX October1,2015 LifestyleCenter 2,998 2,398 LasVegas NV April1,2016 Mall 3,220 2,576 Tyson'sGalleria(McLean) VA April29,2016 Mall 2,668 2,134 TheGrove CA May23,2016 LifestyleCenter 2,717 2,174 Troy MI May27,2016 Mall 2,700 2,160 KingofPrussia PA August18,2016 Mall 2,600 2,080 SanDiego(FashionValley) CA August25,2016 LifestyleCenter 2,817 2,254 Honolulu HI May25,2017 Mall 1,828 1,371

ShortHills NJ March29,2018 Mall 1,450 1,290 ElPaseoVillage CA April26,2018 LifestyleCenter 2,394 1,882 WatersideShops FL May24,2018 Mall 1,723 1,315 TheDomain TX June28,2018 Mall 1,719 1,375 PacificPalisades CA October4,2018 LifestyleCenter 2,953 2,525 PalmBeachGardens FL October19,2018 Mall 2,360 2,025 Total Mall and Lifestyle Centers (30) 65,145 51,518 Total Full-Price (45) 106,356 79,903 Orlando FL June17,2009 Outlet 2,065 1,446 Cabazon CA November11,2011 Outlet 2,066 1,653 Riverhead NY November30,2012 Outlet 2,100 1,490 Chicago IL August1,2013 Outlet 3,485 2,599 Seattle WA August30,2013 Outlet 2,214 1,550 LasVegas NV October3,2013 Outlet 2,028 1,420 SanMarcos TX October10,2014 Outlet 2,433 1,703 Carlsbad CA October24,2014 Outlet 2,453 1,717 Wrentham MA September29,2014 Outlet 2,000 1,400 Camarillo CA February1,2015 Outlet 3,001 2,101 Livermore CA August13,2015 Outlet 2,500 1,767 ChicagoPremium IL August27,2015 Outlet 2,300 1,840 WoodburyCommons NY November6,2015 Outlet 2,289 1,831 Sawgrass FL December4,2015 Outlet 2,539 1,771 Total Outlets (14) 33,473 24,288 Total (59) 139,829 104,191

ITEM 3. LEGAL PROCEEDINGS.

OnSeptember7,2018,acomplaintwasfiledintheUnitedStatesDistrictCourtfortheEasternDistrictofNewYorkbycertainstockholders(collectively,the“Plaintiff”),namingusaswellasBrendanHoffman,ourChiefExecutiveOfficer,DavidStefko,ourExecutiveVicePresident,ChiefFinancialOfficer,oneofourdirectors,certainofourformerofficersanddirectors,andSunCapitalandcertainofitsaffiliates,asdefendants.Thecomplaintgenerallyallegesthatweandthenamedpartiesmadefalseand/ormisleadingstatementsand/orfailedtodisclosemattersrelatingtothetransitionofourERPsystemsfromKellwood.ThecomplaintbringscausesofactionforviolationsofSection10(b)oftheExchangeAct,asamendedandRule10b-5promulgatedundertheExchangeActagainstusandthenamedpartiesandforviolationsofSection20(a)oftheExchangeActagainsttheindividualparties,SunCapitalPartners,Inc.anditsaffiliates.Thecomplaintseeksunspecifiedmonetarydamagesandunspecifiedcostsandfees.OnJanuary28,2019,inresponsetoourmotiontodismisstheoriginalcomplaint,thePlaintifffiledanamendedcomplaint,namingthesamedefendantsaspartiesandassertingthesamecausesofactionasthosestatedintheoriginalcomplaint.

Wecurrentlybelievethatthelikelihoodofanunfavorablejudgmentarisingfromthismatterisremotebasedontheinformationcurrentlyavailableandthattheultimateresolutionofthismatterwillnothaveamaterialadverseeffectonourbusinessinafutureperiod.However,giventheinherentunpredictabilityoflitigationandthefactthatthislitigationisstillinitsveryearlystages,weareunabletopredictwithcertaintytheoutcomeofthislitigationorreasonablyestimateapossiblelossorrangeofloss,ifany,associatedwiththislitigationatthistime.Inaddition,wewillberequiredtoexpendresourcestodefendthismatter.

Additionally,weareapartytolegalproceedings,compliancematters,environmental,aswellaswageandhourandotherlaborclaimsthatariseintheordinarycourseofourbusiness.Althoughtheoutcomeofsuchitemscannotbedeterminedwithcertainty,webelievethattheultimateoutcomeoftheseitems,individuallyandintheaggregatewillnothaveamaterialadverseimpactonourfinancialposition,resultsofoperationsorcashflows.

ITEM 4. MINE SAFETY DISCLOSURES.

Notapplicable.

PART II

ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OFEQUITY SECURITIES.

Market Information

OurcommonstocktradesontheNewYorkStockExchangeunderthesymbol“VNCE”.

AtthecloseofbusinessonOctober23,2017,theCompanyeffecteda1-for-10reversestocksplit(the“ReverseStockSplit”).TheCompany’scommonstockbegantradingonasplit-adjustedbasiswhenthemarketopenedonOctober24,2017.PursuanttotheReverseStockSplit,every10sharesoftheCompany’sissuedandoutstandingcommonstockwereautomaticallyconvertedintooneshareofcommonstock.Nofractionalshareswereissuedif,asaresultoftheReverseStockSplit,astockholderwouldotherwisehavebeenentitledtoafractionalshare.Instead,eachstockholderwasentitledtoreceiveacashpaymentbasedonapre-splitcashinlieurateof$0.48,whichwastheaverageclosingpricepershareontheNewYorkStockExchangeforthefiveconsecutivetradingdaysimmediatelyprecedingOctober23,2017.

ThefollowingtablesetsforththehighandlowsalepricesofourcommonstockasreportedontheNewYorkStockExchange,asadjustedfortheReverseStockSplit:

MarketPrice High Low Fiscal2018: Firstquarter $ 9.52 $ 6.61Secondquarter $ 21.08 $ 8.66Thirdquarter $ 24.19 $ 11.82Fourthquarter $ 15.35 $ 8.63

Fiscal2017: Firstquarter $ 30.50 $ 7.50Secondquarter $ 10.00 $ 2.80Thirdquarter $ 6.80 $ 3.68Fourthquarter $ 7.85 $ 3.20

Record Holders

AsofMarch29,2019therewere3holdersofrecordofourcommonstock.

Dividends

Wehaveneverpaidcashdividendsonourcommonstock.Wecurrentlyintendtoretainallavailablefundsandanyfutureearningstofundthedevelopmentandgrowthofourbusiness,andwedonotanticipatepayinganycashdividendsintheforeseeablefuture.Inaddition,becauseweareaholdingcompany,ourabilitytopaydividendsdependsonourreceiptofcashdistributionsfromoursubsidiaries.Thetermsofourindebtednesssubstantiallyrestricttheabilitytopaydividends.See“Item7—Management’sDiscussionandAnalysisofFinancialConditionandResultsofOperations—FinancingActivities”ofthisAnnualReportonForm10-Kforadescriptionoftherelatedrestrictions.

Anyfuturedeterminationtopaydividendswillbeatthediscretionofourboardofdirectorsandwilldependonourfinancialcondition,resultsofoperations,capitalrequirements,restrictionscontainedincurrentandfuturefinancinginstrumentsandotherfactorsthatourboardofdirectorsdeemsrelevant.

Purchases of Equity Securities by the Issuer and Affiliated Purchasers

WedidnotrepurchaseanysharesofcommonstockduringthethreemonthsendedFebruary2,2019.

Unregistered Sales of Equity Securities

None.

ITEM 6. SEL E CTED FIN ANCIAL DATA.

Theselectedhistoricalconsolidatedfinancialdatasetforthbelowforeachoftheyearsinthefive-yearperiodendedFebruary2,2019andasofFebruary2,2019havebeenderivedfromourauditedconsolidatedfinancialstatements.

Thehistoricalresultspresentedbelowarenotnecessarilyindicativeoftheresultsexpectedforanyfutureperiod.Theinformationshouldbereadinconjunctionwith“Item7—Management’sDiscussionandAnalysisofFinancialConditionandResultsofOperations”ofthisAnnualReportonForm10-KandourConsolidatedFinancialStatementsandrelatednotesincludedherein. Fiscal Year (1) 2018 2017 2016 2015 2014 (in thousands, except per share data) Statement of Operations Data: Netsales $ 278,951 $ 272,582 $ 268,199 $ 302,457 $ 340,396Grossprofit(2) 130,725 121,789 122,819 132,516 166,829Selling,generalandadministrativeexpenses(3) 126,586 140,106 134,430 116,790 96,579Income(loss)fromoperations(4) 4,139 (18,317) (64,672) 15,726 70,250Net(loss)Income(4)(5) (2,022) 58,597 (162,659) 5,099 35,723Basic (loss) earnings per share: Basic(loss)earningspershare(6) $ (0.17) $ 7.70 $ (35.04) $ 1.39 $ 9.73Diluted loss (earnings) per share: Diluted(loss)earningspershare(6) $ (0.17) $ 7.70 $ (35.04) $ 1.36 $ 9.34 Weighted average shares outstanding: Basic(6) 11,619,828 7,605,822 4,642,053 3,677,043 3,673,049Diluted(6) 11,619,828 7,608,427 4,642,053 3,752,922 3,824,490

As of

February 2,

2019 February 3,

2018 January 28,

2017 January 30,

2016 January 31,

2015 (in thousands) Balance Sheet Data: Cashandcashequivalents $ 118 $ 5,372 $ 20,978 $ 6,230 $ 112Workingcapital 43,020 36,397 24,170 (11,415) 16,650Totalassets 234,931 234,534 239,480 $ 363,568 378,648Debtprincipal 46,516 49,900 50,200 60,000 88,000Otherliabilities(long-term)(7) 58,273 58,273 137,830 140,838 146,063Stockholders'equity(deficit) 74,100 74,769 (13,981) 78,502 71,969

Fiscal Year (1)

2018 2017 2016 2015 2014 Other Operating and Financial Data: Totalcompanyoperatedstoresatendofperiod 59 55 54 48 37Comparablesales(8)(9) 10.7% 5.0% (15.7)% 4.1% 12.6%

(1) FiscalyearendsonSaturdayclosesttoJanuary31.Fiscal2017(endedFebruary3,2018)consistedof53weeks.Fiscal2018(endedFebruary2,2019),fiscal2016(endedJanuary28,2017),fiscal2015(endedJanuary30,2016),andfiscal2014(endedJanuary31,2015)consistedof52weeks.

(2) Fiscal2015includestheimpactof$10,300pre-taxexpenseassociatedwithinventorywrite-downsprimarilyrelatedtoexcessoutofseasonandcurrentinventory.

(3) Fiscal2018,fiscal2017andfiscal2016includetheimpactof$1,684,$5,111and$2,082,respectively,ofnon-cashassetimpairmentchargesrelatedtotheassetsofcertainretailstoreswithassetcarryingvaluesthatweredeterminednottoberecoverableandexceededfairvalue.Fiscal2015includesthenetimpactof$2,702pre-taxexpenseassociatedwithexecutiveseverancecostsandexecutivesearchcostspartlyoffsetbythefavorableimpactofexecutivestockoptionforfeitures.Fiscal2014includes$571pre-taxexpenseassociatedwiththesecondaryofferingbycertainstockholdersoftheCompanycompletedinJuly2014.

(4) Fiscal2016includestheimpactofapre-taximpairmentchargesof$22,311relatedtogoodwilland$30,750relatedtothetradenameintangibleasset.SeeNote1“DescriptionofBusinessandSummaryofSignificantAccountingPolicies(L)Goodwill

andOtherIntangibleAssets”totheConsolidatedFinancialStatementsincludedinthisAnnualReportonForm10-Kforadditionaldetails.

(5) Fiscal2017includesthe$82,002pre-taxbenefitfromre-measurementoftheliabilityrelatedtotheTaxReceivableAgreementwhichrepresentsourobligationtopay85%ofestimatedcashsavingsonfederal,stateandlocalincometaxesrealizedbyusthroughouruseofcertainnettaxassetsretainedbyussubsequenttothecompletionoftheIPOandRestructuringTransactionsinNovember2013.Thepre-taxbenefitonthere-measurementoftheliabilityrelatedtotheTaxReceivableAgreementwasprimarilyduetotheTCJAenactedonDecember22,2017andthechangeinlevelsofprojectedpre-taxincome.TheTCJAmadesubstantialchangestotheU.S.taxlaw,includingthereductionoftheU.S.federalcorporatetaxratefrom35%to21%whichresultedinthere-measurementofliabilityundertheTaxReceivableAgreementatthelowertaxrate.Fiscal2016includestheimpactofa$121,836valuationallowancerecordedagainstourdeferredtaxassets.SeeNote10“IncomeTaxes”totheConsolidatedFinancialStatementsincludedinthisAnnualReportonForm10-Kforadditionaldetails.

(6) AtthecloseofbusinessonOctober23,2017,theCompanyeffectedtheReverseStockSplit.Fiscal2016,fiscal2015,andfiscal2014amountshavebeenrevisedtogiveretroactiveeffecttotheReverseStockSplit.SeeNote1“DescriptionofBusinessandSummaryofSignificantAccountingPolicies(D)ReverseStockSplit”totheConsolidatedFinancialStatementsincludedinthisAnnualReportonForm10-Kforadditionaldetails.

(7) Otherliabilitiesincludethelong-termportionoftheliabilityrelatedtotheTaxReceivableAgreement.

(8) Comparablesalesincludeoure-commercesalesinordertoalignwithhowwemanageourbrick-and-mortarretailstoresande-commerceonlinestoreasacombinedsingleDirect-to-consumersegment.Asaresultofouromni-channelsalesandinventorystrategyaswellascross-channelcustomershoppingpatterns,thereislessdistinctionbetweenourbrick-and-mortarretailstoresandoure-commerceonlinestoreandwebelievetheinclusionofe-commercesalesinourcomparablesalesmetricisamoremeaningfulrepresentationoftheseresultsandprovidesamorecomprehensiveviewofouryearoveryearcomparablesalesmetric.

(9) Inthefourthquarteroffiscal2018,wechangedourcomparablesalesdefinitiontoalignwithourinternalcompanyreporting.Underthenewdefinition,astoreisincludedinthecomparablesalescalculationafterithascompleted13fullfiscalmonthsofoperationsandincludesstores,ifany,thathavebeenremodeledorrelocatedwithinthesamegeographicmarkettheCompanyservedpriortotherelocation.Non-comparablesalesincludenewstoreswhichhavenotcompleted13fullfiscalmonthsofoperations,salesfromclosedstores,andrelocatedstoresservinganewgeographicmarket.Undertheolddefinition,intheeventthatwerelocatedorremodeledanexistingstore,wehadtreatedthatstoreascomparableunlessthesquarefootagechangedbymorethan20%,inwhichcasewewouldtreatthatstoreasnon-comparablesalesuntilithascompleted13fullfiscalmonthsofoperationsfollowingthesquarefootageadjustment.For53-weekfiscalyears,wecontinuetoadjustcomparablesalestoexcludetheadditionalweek.Theremaybevariationsinthewayinwhichsomeofourcompetitorsandotherretailerscalculatecomparablesales.Theprioryearcomparablesaleshavebeenre-castedtoalignwithournewcomparablesalesdefinition.Thechangeinourcomparablesalesdefinitiondidnothaveasignificantimpactonourcurrentandprioryears'comparablesalespercentages.

ITEM 7. MANAGEMENT’S DISCUSSION AND ANALY SIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.

OurfiscalyearendsontheSaturdayclosesttoJanuary31.Fiscalyears2018,2017,and2016endedonFebruary2,2019(“fiscal2018”),February3,2018(“fiscal2017”),andJanuary28,2017(“fiscal2016”),respectively.Fiscalyear2017consistedof53weeks.Fiscalyears2018and2016eachconsistedof52weeks.ThefollowingdiscussionandanalysisshouldbereadinconjunctionwithourconsolidatedfinancialstatementsandrelatednotesincludedelsewhereinthisAnnualReportonForm10-K.Allamountsdisclosedareinthousandsexceptstorecounts,countries,shareandpersharedataandpercentages.TheaccompanyingManagement’sDiscussionandAnalysisofFinancialConditionandResultsofOperationsgivesretroactiveeffecttotheReverseStockSplitforallperiodspresented,unlessotherwisenoted.SeeNote1“DescriptionofBusinessandSummaryofSignificantAccountingPolicies”totheConsolidatedFinancialStatementsinthisAnnualReportonForm10-Kforfurtherinformation.

ForpurposesofthisAnnualReportonForm10-K,“Vince,”the“Company,”“we,”and“our,”refertoVHCandourwhollyownedsubsidiaries,includingVinceIntermediateHolding,LLCandVince,LLC.Referencesto“Kellwood”refer,asapplicable,toKellwoodHolding,LLCanditsconsolidatedsubsidiaries(includingKellwoodCompany,LLC)ortheoperationsofthenon-VincebusinessesaftergivingeffecttotheRestructuringTransactionsandpriortotheKellwoodSale.

Thisdiscussioncontainsforward-lookingstatementsinvolvingrisks,uncertaintiesandassumptionsthatcouldcauseourresultstodiffermateriallyfromexpectations.Foradiscussionoftherisksfacingourbusiness,see“Item1A—RiskFactors”includedinthisAnnualReportonForm10-K.

Executive Overview

Establishedin2002,Vinceisagloballuxuryapparelandaccessoriesbrandbestknownforcreatingelevatedyetunderstatedpiecesforeveryday.Thecollectionsareinspiredbythebrand’sCaliforniaoriginsandembodyafeelingofwarmandeffortlessstyle.Vincedesignsuncomplicatedyetrefinedpiecesthatapproachdressingwithasenseofease.Knownforitsrangeofluxuryproducts,Vinceofferswidearrayofwomen’sandmen’sready-to-wear,footwearaswellascapsulecollectionofhandbags,fragrance,andhomeforagloballifestyle.Vinceproductsaresoldinprestigedistributionworldwide,includingapproximately2,000distributionlocationsacrossmorethan40countries.Duringthethirdquarteroffiscalyear2017,weenteredintolimiteddistributionarrangementswithNordstromandNeimanMarcusGroupinordertorationalizeourdepartmentstoredistributionstrategywhichisintendedtoimproveprofitabilityintheWholesalesegmentandtoenableustofocusonotherareasofgrowthforthebrand,particularlyintheDirect-to-consumersegment.Weimplementedvariousstrategicinitiativestocapturethesalesfromexitedwholesaledoorsthroughourretailande-commercebusinesseswhilecollaboratingwiththewholesalepartnersinvariousareasincludingmerchandisingandlogisticstobuildamoreprofitableandfocusedwholesalebusiness.

Thefollowingisasummaryoffiscal2018highlights:

• Ournetsalestotaled$278,951,reflectinga2.3%increasecomparedtoprioryearnetsalesof$272,582.

• OurWholesalenetsalesdecreased3.9%to$159,635andourDirect-to-consumernetsalesincreased12.1%to$119,316.Comparablestoresalesincludinge-commerceincreased10.7%comparedtolastyear.

• Selling,general,andadministrativeexpenseswere$126,586,adecreaseof$13,520or9.6%comparedto$140,106intheprioryear.

• Ournetlosswas$2,022,or$0.17perdilutedshare,comparedtoanetincomeof$58,597,or$7.70pershare,intheprioryear.Thenetincomeinfiscal2017includeda$82,002pre-taxbenefitfromthere-measurementoftheliabilityrelatedtotheTaxReceivableAgreement.SeeNote12“RelatedPartyTransactions”totheconsolidatedfinancialstatementsinthisAnnualReportonForm10-Kforfurtherinformation.The53rdweekdidnothaveasignificantimpactonournetincomeforfiscal2017.

• Weopenednetfournewretailstoresduringfiscal2018.

• Werefinancedour2013TermLoanFacilityand2013RevolvingCreditFacilityduringfiscal2018byenteringintothe2018TermLoanFacilityandthe2018RevolvingCreditFacility.AsofFebruary2,2019,wehad$46,516oftotaldebtprincipaloutstandingcomprisedof$27,500outstandingunderour2018TermLoanFacilityand$19,016outstandingunderour2018RevolvingCreditFacility,aswellas$118ofcashandcashequivalents.

Results of Operations

Comparable Sales

Comparablesalesincludeoure-commercesalesinordertoalignwithhowwemanageourbrick-and-mortarretailstoresande-commerceonlinestoreasacombinedsingleDirect-to-consumersegment.Asaresultofouromni-channelsalesandinventorystrategy,aswellascross-channelcustomershoppingpatterns,thereislessdistinctionbetweenourbrick-and-mortarretailstoresandoure-commerceonlinestoreandwebelievetheinclusionofe-commercesalesinourcomparablesalesmetricisamoremeaningfulrepresentationoftheseresultsandprovidesamorecomprehensiveviewofouryearoveryearcomparablesalesmetric.

Inthefourthquarteroffiscal2018,wechangedourcomparablesalesdefinitiontoalignwithourinternalcompanyreporting.Underthenewdefinition,astoreisincludedinthecomparablesalescalculationafterithascompleted13fullfiscalmonthsofoperationsandincludesstores,ifany,thathavebeenremodeledorrelocatedwithinthesamegeographicmarkettheCompanyservedpriortotherelocation.Non-comparablesalesincludenewstoreswhichhavenotcompleted13fullfiscalmonthsofoperations,salesfromclosedstores,andrelocatedstoresservinganewgeographicmarket.Undertheolddefinition,intheeventthatwerelocatedorremodeledanexistingstore,wehadtreatedthatstoreascomparableunlessthesquarefootagechangedbymorethan20%,inwhichcasewewouldtreatthatstoreasnon-comparablesalesuntilithascompleted13fullfiscalmonthsofoperationsfollowingthesquarefootageadjustment.For53-weekfiscalyears,wecontinuetoadjustcomparablesalestoexcludetheadditionalweek.Theremaybevariationsinthewayinwhichsomeofourcompetitorsandotherretailerscalculatecomparablesales.Theprioryearcomparablesaleshavebeenre-castedtoalignwithournewcomparablesalesdefinition.Thechangeinourcomparablesalesdefinitiondidnothaveasignificantimpactonourcurrentandprioryears'comparablesalespercentages.

Fiscal 2018 Compare d to Fiscal 2017

Thefollowingtablepresents,fortheperiodsindicated,ouroperatingresultsasapercentageofnetsalesaswellasearningspersharedata: Fiscal Year 2018 2017 Variances % of Net % of Net Amount Sales Amount Sales Amount Percent (in thousands, except per share data, store counts and percentages) Statements of Operations: Netsales $ 278,951 100.0% $ 272,582 100.0% $ 6,369 2.3%Costofproductssold 148,226 53.1% 150,793 55.3% (2,567) (1.7)%

Grossprofit 130,725 46.9% 121,789 44.7% 8,936 7.3%Selling,generalandadministrativeexpenses 126,586 45.4% 140,106 51.4% (13,520) (9.6)%

Income(loss)fromoperations 4,139 1.5% (18,317) (6.7)% 22,456 (122.6)%Interestexpense,net 5,882 2.1% 5,540 2.0% 342 6.2%Otherexpense(income),net 225 0.1% (81,882) (30.0)% 82,107 (100.3)%

(Loss)incomebeforeincometaxes (1,968) (0.7)% 58,025 21.3% (59,993) (103.4)%Provision(benefit)forincometaxes 54 0.0% (572) (0.2)% 626 (109.4)%Net(loss)incomeandcomprehensive(loss)income $ (2,022) (0.7)% $ 58,597 21.5% $ (60,619) (103.5)%Earnings (loss) per share: Basic(loss)earningspershare $ (0.17) $ 7.70 Diluted(loss)earningspershare $ (0.17) $ 7.70 Other Operating and Financial Data: Totalcompanyoperatedstoresatendofperiod 59 55 Comparablesalesgrowth 10.7% 5.0%

Netsalesforfiscal2018were$278,951,increasing$6,369,or2.3%,versus$272,582forfiscal2017.Netsalesbyreportablesegmentwereasfollows:

Fiscal Year (in thousands) 2018 2017 Wholesale $ 159,635 $ 166,113Direct-to-consumer 119,316 106,469

Totalnetsales $ 278,951 $ 272,582

NetsalesfromourWholesalesegmentdecreased$6,478,or3.9%,to$159,635infiscal2018from$166,113infiscal2017,primarilyduetotheplannedreductioninfull-pricewholesalepartnersanddecreaseinoff-pricesales,partiallyoffsetbylowersalesallowances.The53rdweekforfiscal2017hadanimmaterialimpactontheWholesalesegment.

NetsalesfromourDirect-to-consumersegmentincreased$12,847,or12.1%,to$119,316infiscal2018from$106,469infiscal2017whichincluded$1,576ofincrementalnetsalesfromthe53rdweek.Comparablesalesincreased$11,146,or10.7%,includinge-commerce,primarilyduetoanincreaseintransactions.Additionally,non-comparablestoresalescontributed$1,632ofsalesgrowth.Sincetheendoffiscal2017,netfournewstoreshaveopened,bringingourtotalretailstorecountto59(consistingof45fullpricestoresand14outletstores)asofFebruary2,2019,comparedto55(consistingof41fullpricestoresand14outletstores)asofFebruary3,2018.

Grossprofitincreased$8,936,or7.3%,to$130,725infiscal2018from$121,789infiscal2017.Asapercentageofsales,grossmarginwas46.9%,comparedwith44.7%intheprioryear.Thetotalgrossmarginratechangewasprimarilydrivenbythefollowingfactors:

• Thefavorableimpactfromnon-recurringcostsincurredinfiscal2017relatedtotheexitofcertainwholesalepartnerscontributedapproximately130basispoints;and

• Thefavorableimpactfromlowerproductandsupplychaincostscontributedapproximately120basispoints.

Selling,generalandadministrative(“SG&A”)expensesforfiscal2018were$126,586,decreasing$13,520,or9.6%,versus$140,106forfiscal2017.SG&Aexpensesasapercentageofsaleswere45.4%and51.4%forfiscal2018andfiscal2017,respectively.ThechangeinSG&Aexpensescomparedtotheprioryearperiodwasprimarilydueto:

• $4,701ofcostsincurredintheprioryearassociatedwiththeremediationandoptimizationofthesystemsimplementedduringfiscal2016whichwerenotincurredinthecurrentyear;

• $3,427ofdecreasednon-cashassetimpairmentchargerelatedtotheimpairmentofcertainretailstoreswithassetcarryingvaluesthatweredeterminednottoberecoverableandexceededfairvalue;

• $3,065ofdecreasedproductdevelopmentcosts;

• $1,954ofdecreaseddepreciationandamortizationexpense;

• $1,637ofdecreasedseverancecosts;and

• $1,036ofadditionalone-timeinvestmentsintheprioryearprimarilyassociatedwithoureffortstoreducecostsandimproveprofitabilitywhichwerenotincurredinthecurrentyear.

Theabovedecreaseswerepartiallyoffsetby:

• $1,688ofincreasedmarketingandadvertisingexpenses;and

• $608ofincreasedrentandoccupancyexpensesduetonetnewstoreopenings.

Income(loss)fromoperationsbysegmentforfiscal2018andfiscal2017issummarizedinthefollowingtable:

Fiscal Year (in thousands) 2018 2017 Wholesale $ 48,078 $ 44,496Direct-to-consumer 6,442 (97)

Subtotal 54,520 44,399Unallocatedcorporateexpenses (50,381) (62,716)

Totalincome(loss)fromoperations $ 4,139 $ (18,317)

OperatingincomefromourWholesalesegmentincreased$3,582,or8.1%,to$48,078infiscal2018from$44,496infiscal2017.Thisdecreasewasdrivenbyhighergrossmarginandlowersalescommissions.

OperatingincomefromourDirect-to-consumersegmentincreased$6,539toanoperatingincomeof$6,442infiscal2018fromanoperatinglossof$97infiscal2017primarilydrivenbythesalesincreasediscussedaboveandlowernon-cashassetimpairmentchargesrelatedtopropertyandequipmentofcertainretailstoreswithcarryingvaluesthatweredeterminednottoberecoverableandexceededfairvalue.

Interestexpense,netincreased$342,or6.2%,to$5,882infiscal2018from$5,540infiscal2017primarilyduetoa$816write-offofdeferredfinancingcostsrelatedtothe2013TermLoanFacilityandthe2013RevolvingCreditFacilityoffsetbylowerborrowingsunder2018creditfacilitiescomparedtotheborrowingsunderour2013creditfacilities.

Otherexpense(income),netwasanexpenseof$225infiscal2018comparedwithanincomeof$81,882infiscal2017.Thechangewasprimarilyattributabletoa$82,002pre-taxbenefitfromre-measurementoftheliabilityrelatedtotheTaxReceivableAgreementinfiscal2017whichadjustmentwasnotrequiredforthecurrentyear.See“CriticalAccountingPolicies–TaxReceivableAgreement”belowandNote12“RelatedPartyTransactions”totheconsolidatedfinancialstatementsinthisAnnualReportonForm10-Kforfurtherinformation.

Provision(benefit)forincometaxesforfiscal2018was$54ascomparedtoabenefitof$572forfiscal2017.TheTCJAwhichwasadoptedonDecember2017madesubstantialchangestoU.S.taxlaw,includingareductioninthecorporatetaxrate,alimitationondeductibilityofinterestexpense,alimitationontheuseofnetoperatinglossestooffsetfuturetaxableincome,andtheallowanceofimmediateexpensingofcapitalexpenditures.Oureffectivetaxrateforfiscal2018andfiscal2017was(2.7)%and(1.0)%,respectively.Theeffectivetaxrateforfiscal2018differedfromtheU.S.statutoryrateof21%primarilyduetotheimpactofstatetaxes,theimpactofvaluationallowanceestablishedagainstourdeferredtaxasset,andnon-deductibleofficers’compensationoffsetbytheimpactofareturntoprovisionadjustment.Theeffectivetaxrateforfiscal2017differedfromtheU.S.statutoryrateof33.7%primarilyduetothenon-deductibleTaxReceivableAgreementrevaluationandthereductioninvaluationallowance.Excludingthe

impactoftheTaxReceivableAgreementandvaluationallowance,theeffectivetaxratewas27.6%forfiscal2017anddifferedfromtheU.S.statutoryrateof33.7%primarilyduetotheimpactofstatetaxes.

Fiscal 2017 Compared to Fiscal 2016

Thefollowingtablepresents,fortheperiodsindicated,ouroperatingresultsasapercentageofnetsalesaswellasearningspersharedata:

Fiscal Year 2017 2016 Variances % of Net % of Net Amount Sales Amount Sales Amount Percent (in thousands, except per share data, store counts and percentages) Statements of Operations: Netsales $ 272,582 100.0% $ 268,199 100.0% $ 4,383 1.6%Costofproductssold 150,793 55.3% 145,380 54.2% 5,413 3.7%

Grossprofit 121,789 44.7% 122,819 45.8% (1,030) (0.8)%Impairmentofgoodwillandindefinite-livedintangibleasset — 0.0% 53,061 19.8% (53,061) (100.0)%Selling,generalandadministrativeexpenses 140,106 51.4% 134,430 50.1% 5,676 4.2%

(Loss)incomefromoperations (18,317) (6.7)% (64,672) (24.1)% 46,355 (71.7)%Interestexpense,net 5,540 2.0% 3,932 1.5% 1,608 40.9%Other(income)expense,net (81,882) (30.0)% 329 0.1% (82,211) *

Income(loss)beforeincometaxes 58,025 21.3% (68,933) (25.7)% 126,958 (184.2)%(Benefit)provisionforincometaxes (572) (0.2)% 93,726 34.9% (94,298) (100.6)%Netincome(loss) $ 58,597 21.5% $ (162,659) (60.6)% $ 221,256 (136.0)%Earnings (loss) per share: Basicearnings(loss)pershare $ 7.70 $ (35.04) Dilutedearnings(loss)pershare $ 7.70 $ (35.04) Other Operating and Financial Data: Totalcompanyoperatedstoresatendofperiod 55 54 Comparablesalesgrowth 5.0% (15.7)%

(*) Notmeaningful.

Netsalesforfiscal2017were$272,582,increasing$4,383,or1.6%,versus$268,199forfiscal2016.Netsalesbyreportablesegmentwereasfollows:

Fiscal Year (in thousands) 2017 2016 Wholesale $ 166,113 $ 170,053Direct-to-consumer 106,469 98,146

Totalnetsales $ 272,582 $ 268,199

NetsalesfromourWholesalesegmentdecreased$3,940,or2.3%,to$166,113infiscal2017from$170,053infiscal2016,primarilydrivenbyareductioninfull-priceandinternationalorderspartlyoffsetbyanincreaseinoff-pricesales.The53rdweekhadanimmaterialimpactontheWholesalesegment.

NetsalesfromourDirect-to-consumersegmentincreased$8,323,or8.5%,to$106,469infiscal2017from$98,146infiscal2016.Comparablesalesincreased$4,834,or5.0%,includinge-commerce,reflectinganincreaseinaverageunitretail.Additionally,non-comparablestoresalescontributed$3,601ofsalesgrowthwhichincludes$1,576forthe53rdweek.Sincetheendoffiscal2016,onenewstorehasopened,bringingourtotalretailstorecountto55(consistingof41fullpricestoresand14outletstores)asofFebruary3,2018,comparedto54(consistingof40fullpricestoresand14outletstores)asofJanuary28,2017.

Grossprofitdecreased$1,030,or0.8%,to$121,789infiscal2017from$122,819infiscal2016.Asapercentageofsales,grossmarginwas44.7%,comparedwith45.8%intheprioryear.Thetotalgrossmarginratechangewasprimarilydrivenbythefollowingfactors:

• TheunfavorableimpactfromahighermixofmarkdownmerchandiseintheDirect-to-consumersegmentcontributednegativelybyapproximately100basispoints;

• Theunfavorableimpactfromyear-over-yearadjustmentstoinventoryreservescontributednegativelybyapproximately100basispoints;and

• Thefavorableimpactfromreduceddiscountsintheoff-pricewholesalechannelpartlyoffsetbyanincreaseintherateofsalesallowancescontributedapproximately100basispointsofimprovement.

Impairmentofgoodwillandindefinite-livedintangibleassetforfiscal2016includeschargesof$22,311relatedtogoodwilland$30,750relatedtoourindefinite-livedtradenameasset.See“CriticalAccountingPolicies—FairValueAssessmentsofGoodwillandOtherIndefinite-LivedIntangibleAssets”belowforfurtherdetails.

Selling,generalandadministrative(“SG&A”)expensesforfiscal2017were$140,106,increasing$5,676,or4.2%,versus$134,430forfiscal2016.SG&Aexpensesasapercentageofsaleswere51.4%and50.1%forfiscal2017andfiscal2016,respectively.ThechangeinSG&Aexpensescomparedtotheprioryearperiodisprimarilydueto:

• $4,701ofincreasedcostsassociatedwiththeremediationandoptimizationofthesystemsimplementedintheprioryear;

• Approximately$3,700ofincreasedcompensationandbenefitsandtemporarylaborcostsprimarilyrelatedtoanincreaseinincentivecompensation;

• $3,029ofadditionalnon-cashassetimpairmentchargerelatedtotheimpairmentofcertainretailstoreswithassetcarryingvaluesthatweredeterminednottoberecoverableandexceededfairvalue;

• $1,703ofincreasedexpensesassociatedwithnewstores;

• $1,647ofincreasedseverancecosts;

• Approximately$1,600ofincreasedcostsassociatedwiththestand-alonesystemsandsupportingservicesasaresultofthetransitionoftheinformationtechnologysystemsandinfrastructurein-housefromKellwood;

• $1,036ofadditionalone-timeinvestmentsprimarilyassociatedwithoureffortstoreducecostsandimproveprofitability;

• $1,030ofincreaseddepreciationandamortizationexpensesprimarilyassociatedwithournewsystems;and

• $773ofincreasedmarketingandadvertisingexpenses.Theaboveincreaseswerepartiallyoffsetby:

• $6,140ofcostsincurredintheprioryearassociatedwiththeconsultingagreementswithourco-founders;

• Adecreaseinstrategicinvestmentsof$5,366relatedtocostsincurredintheprioryearrelatedtotherealignmentofoursupplierbase,thetransitionoftheinformationtechnologysystemsandinfrastructurein-housefromKellwood,severanceandothercostsrelatedtohandbagsandcostsrelatedtoourbrandupdateinitiatives;and

• $2,726ofdecreasedproductdevelopmentcosts.

(Loss)incomefromoperationsbysegmentforfiscal2017andfiscal2016issummarizedinthefollowingtable:

Fiscal Year (in thousands) 2017 2016 Wholesale $ 44,496 $ 47,098Direct-to-consumer (97) 1,216

Subtotal 44,399 48,314Unallocatedcorporateexpenses (62,716) (59,925)Impairmentofgoodwillandindefinite-livedintangibleasset — (53,061)

Totallossfromoperations $ (18,317) $ (64,672)

OperatingincomefromourWholesalesegmentdecreased$2,602,or5.5%,to$44,496infiscal2017from$47,098infiscal2016.Thisdecreasewasdrivenbythesalesvolumedeclinediscussedabove.

OperatingincomefromourDirect-to-consumersegmentdecreased$1,313,or108.0%toanoperatinglossof$97infiscal2017fromoperatingincomeof$1,216infiscal2016.Thedecreaseresultedprimarilyfrom$3,029ofadditionalnon-cashassetimpairmentchargerelatedtotheimpairmentofcertainretailstoreswithassetcarryingvaluesthatweredeterminednottoberecoverableandexceededfairvalueaswellastheimpactofhigherdigitalmarketingandadvertisingexpensesandincreasedexpensesassociatedwithnewstores,partlyoffsetbyanincreaseingrossprofit.

UnallocatedcorporateexpensesarecomprisedofSG&Aexpensesattributabletocorporateandadministrativeactivities(suchasmarketing,design,finance,informationtechnology,legalandhumanresourcesdepartments),andotherchargesthatarenotdirectlyattributabletoourreportablesegments.Infiscal2016,theCompanyrecorded$53,061ofimpairmentchargesrelatedtogoodwillandthetradenameintangibleasset.See“CriticalAccountingPolicies—FairValueAssessmentsofGoodwillandOtherIndefinite-LivedIntangibleAssets”belowforfurtherdetails.

Interestexpense,netincreased$1,608,or40.9%,to$5,540infiscal2017from$3,932infiscal2016primarilyduetohigheroverallaverageborrowingsontheRevolvingCreditFacility,aswellasincreasedfinancingfeesasaresultoftheamendmentstothe2013TermLoanFacilityand2013RevolvingCreditFacility.

Other(income)expense,netdecreased$82,211toincomeof$81,882infiscal2017fromexpenseof$329infiscal2016.Thechangeisprimarilyattributabletoa$82,002pre-taxbenefitfromre-measurementoftheliabilityrelatedtotheTaxReceivableAgreement.See“CriticalAccountingPolicies–TaxReceivableAgreement”belowandNote12“RelatedPartyTransactions”totheconsolidatedfinancialstatementsinthisAnnualReportonForm10-Kforfurtherinformation.

(Benefit)provisionforincometaxesforfiscal2017was$(572)ascomparedto$93,726forfiscal2016.OnDecember22,2017,U.S.taxreformlegislationknownastheTaxCutsandJobsAct(“TCJA”)wassignedintolaw.TheTCJAmakessubstantialchangestoU.S.taxlaw,includingareductioninthecorporatetaxrate,alimitationondeductibilityofinterestexpense,alimitationontheuseofnetoperatinglossestooffsetfuturetaxableincome,andtheallowanceofimmediateexpensingofcapitalexpenditures.Oureffectivetaxrateforfiscal2017andfiscal2016was(1.0)%and(136.0)%,respectively.Theeffectivetaxrateforfiscal2017differedfromtheU.S.statutoryrateof33.7%primarilyduetothenon-deductibleTaxReceivableAgreementrevaluationandthereductioninvaluationallowance.ExcludingtheimpactoftheTaxReceivableAgreementandvaluationallowance,theeffectivetaxratewas27.6%forfiscal2017anddifferedfromtheU.S.statutoryrateof33.7%primarilyduetotheimpactofstatetaxes.Theeffectivetaxrateforfiscal2016includedtheimpactofavaluationallowanceestablishedagainstourdeferredtaxassets.Excludingtheimpactofthevaluationallowance,theeffectivetaxratewas40.8%forfiscal2016anddifferedfromtheU.S.statutoryrateof35%primarilyduetotheimpactofstatetaxes.

Liquidity and Capital Resources

Oursourcesofliquidityarecashandcashequivalents,cashflowsfromoperations,ifany,borrowingsavailableunderthe2018RevolvingCreditFacilityandourabilitytoaccesscapitalmarkets.Ourprimarycashneedsarefundingworkingcapitalrequirements,meetingourdebtservicerequirements,payingamountsdueundertheTaxReceivableAgreementandcapitalexpendituresfornewstoresandrelatedleaseholdimprovements.Themostsignificantcomponentsofourworkingcapitalarecashandcashequivalents,accountsreceivable,inventories,accountspayableandothercurrentliabilities.Webelievethatoursourcesofliquiditywillgeneratesufficientcashflowstomeetourobligationsduringthenexttwelvemonthsfromthedatethefinancialstatementsareissued.

Operating Activities

Fiscal Year (in thousands) 2018 2017 2016 Operating activities Net(loss)income $ (2,022) $ 58,597 $ (162,659)Add(deduct)itemsnotaffectingoperatingcashflows:

Impairmentofgoodwillandindefinite-livedintangibleasset — — 53,061Depreciationandamortization 8,138 10,098 8,684AdjustmenttoTaxReceivableAgreementobligation — (82,002) —Impairmentofpropertyandequipment 1,684 5,111 2,082Lossondisposalofpropertyandequipment 293 — —Deferredrent (1,286) (1,269) 413Deferredincometaxes 176 (379) 93,444Share-basedcompensationexpense 1,335 1,138 1,344Lossondebtextinguishment 816 — —Amortizationofdeferredfinancingcost 660 1,239 483Other — 1 218Changesinassetsandliabilities:

Receivables,net (8,136) (10,280) (936)Inventories (4,350) (10,392) (1,953)Prepaidexpensesandothercurrentassets 633 (1,738) 544Accountspayableandaccruedexpenses 5,634 (9,785) (24,414)Otherassetsandliabilities — (711) (25)

Netcashprovidedby(usedin)operatingactivities $ 3,575 $ (40,372) $ (29,714)

Netcashprovidedbyoperatingactivitiesduringfiscal2018was$3,575,whichconsistedofnetlossof$2,022,impactedbynon-cash*temsof$11,816andcashusedinworkingcapitalof$6,219.Netcashusedinworkingcapitalresultedfromacashoutflowinreceivables,netof$8,136drivenlargelybylowersalesallowancesandacashoutflowininventoriesof$4,350duetohigherin-transitinventories,offsetbycashinflowinaccountspayableandaccruedexpensesof$5,634primarilyduetotimingofpaymentstovendors.

Netcashusedinoperatingactivitiesduringfiscal2017was$40,372,whichconsistedofnetincomeof$58,597,impactedbynon-cash*temsof$(66,063)andcashusedinworkingcapitalof$32,906.Netcashusedinworkingcapitalprimarilyresultedfromacashoutflowof$10,280inreceivables,netprimarilydrivenbythetimingofcollections,acashoutflowof$10,392ininventoriesandacashoutflowinaccountspayableandaccruedexpensesof$9,785duetothetimingofpaymentstovendors.

Netcashusedinoperatingactivitiesduringfiscal2016was$29,714,whichconsistedofanetlossof$162,659,impactedbynon-cash*temsof$159,729,including$121,836torecordafullvaluationallowanceonourdeferredtaxassets,andcashusedinworkingcapitalof$26,784.Netcashusedinworkingcapitalresultedprimarilyfromacashoutflowinaccountspayableandaccruedexpensesof$24,414,whichincludedthepaymentof$29,700,includinginterest,undertheTaxReceivableAgreementwithSunCardinal.

Investing Activities

Fiscal Year (in thousands) 2018 2017 2016 Investing activities

Paymentsforcapitalexpenditures $ (3,070) $ (3,379) $ (14,287)Netcashusedininvestingactivities $ (3,070) $ (3,379) $ (14,287)

Netcashusedininvestingactivitiesof$3,070duringfiscal2018representscapitalexpendituresrelatedtoretailstorebuild-outs,includingleaseholdimprovementsandstorefixtures.

Netcashusedininvestingactivitiesof$3,379duringfiscal2017representscapitalexpendituresprimarilyrelatedtotheinvestmentinourretailstorebuild-

outs,includingleaseholdimprovementsandstorefixturesandournewsystems.

Netcashusedininvestingactivitiesof$14,287duringfiscal2016representscapitalexpendituresprimarilyrelatedtotheinvestmentinournewsystemsandrelatedinfrastructureandretailstorebuild-outs,includingleaseholdimprovementsandstorefixtures.

Financing Activities Fiscal Year (in thousands) 2018 2017 2016 Financing activities

Proceedsfrom(repaymentof)borrowingsundertheRevolvingCreditFacilities 2,116 11,700 (9,800)ProceedsfromborrowingsundertheTermLoanFacilities 27,500 — —RepaymentofborrowingsundertheTermLoanFacilities (33,000) (12,000) —Proceedsfromcommonstockissuance,netoftransactioncosts — 28,973 63,773Proceedsfromstockoptionexercisesandissuanceofcommonstockunderemployeestockpurchaseplan 18 42 4,722Financingfees (2,455) (555) —

Netcash(usedin)providedbyfinancingactivities $ (5,821) $ 28,160 $ 58,695

Netcashusedbyfinancingactivitieswas$5,821duringfiscal2018,primarilyconsistingof$19,016netborrowingsunderthe2018RevolvingCreditFacilityand$27,500borrowingsunderthe2018TermLoanFacility,partlyoffsetby$16,900netrepaymentsunderthe2013RevolvingCreditFacilityand$33,000repaymentsunderthe2013TermLoanFacility.$2,455offinancingfeeswerepaidaspartoftherefinancingofour2013RevolvingCreditFacilityand2013TermLoanFacility.

Netcashprovidedbyfinancingactivitieswas$28,160duringfiscal2017,primarilyconsistingof$28,973ofnetproceedsreceivedfromtherightsofferingcompletedonAugust30,2017(the“2017RightsOffering”),and$11,700ofnetproceedsfromborrowingsunderourRevolvingCreditFacility,partlyoffsetby$12,000ofpaymentsunderthe2013TermLoanFacility.

Netcashprovidedbyfinancingactivitieswas$58,695duringfiscal2016,primarilyconsistingofnetproceedsreceivedfromtheissuanceofcommonstockinconnectionwiththerightsofferingcompletedonApril14,2016(the“2016RightsOffering”)of$63,773and$4,722ofproceedsreceivedfromstockoptionexercisesandissuanceofcommonstockunderouremployeestockpurchaseplan,partlyoffsetby$9,800ofnetrepaymentsofborrowingsunderthe2013RevolvingCreditFacility.

2018 Term Loan Facility

OnAugust21,2018,Vince,LLCenteredintoa$27,500seniorsecuredtermloanfacility(the“2018TermLoanFacility”)pursuanttoacreditagreementbyandamongVince,LLC,astheborrower,VHCandVinceIntermediateHoldings,LLC,adirectsubsidiaryofVHCandthedirectparentcompanyofVince,LLC(“VinceIntermediate”),asguarantors,CrystalFinancial,LLC,asadministrativeagentandcollateralagent,andtheotherlendersfromtimetotimepartythereto.The2018TermLoanFacilityissubjecttoquarterlyamortizationofprincipalequalto2.5%oftheoriginalaggregateprincipalamountofthe2018TermLoanFacility,withthebalancepayableatfinalmaturity.Interestispayableonloansunderthe2018TermLoanFacilityatarateequaltothe90-dayLIBORrate(subjecttoa0%floor)plusapplicablemarginssubjecttoapricinggridbasedonaminimumConsolidatedEBITDA(asdefinedinthecreditagreementforthe2018TermLoanFacility)calculation.Duringthecontinuanceofcertainspecifiedeventsofdefault,interestwillaccrueontheoutstandingamountofanyloanatarateof2.0%inexcessoftherateotherwiseapplicabletosuchamount.The2018TermLoanFacilitymaturesontheearlierofAugust21,2023andthematuritydateofthe2018RevolvingCreditFacility(asdefinedbelow).

the2018TermLoanFacility)and$10,000,(ii)aftergivingproformaeffecttothecontemplateddividend,theConsolidatedFixedChargeCoverageRatioforthe12monthsprecedingsuchdividendwillbegreaterthanorequalto1.0to1.0(providedthattheConsolidatedFixedChargeCoverageRatiomaybelessthan1.0to1.0if,aftergivingproformaeffecttothecontemplateddividend,ExcessAvailabilityforthesixfiscalmonthsfollowingthedividendisatleastthegreaterof25.0%oftheLoanCapand$12,500),and(iii)theproformaFixedChargeCoverageRatioaftergivingeffecttosuchcontemplateddividendisnolessthantheminimumConsolidatedFixedChargeCoverageRatioforsuchquarter.Inaddition,the2018TermLoanFacilityissubjecttoaBorrowingBase(asdefinedinthecreditagreementofthe2018TermLoanFacility)whichcan,undercertainconditions,resultintheimpositionofareserveunderthe2018RevolvingCreditFacility.AsofFebruary2,2019,theCompanywasincompliancewithapplicablecovenants.

The2018TermLoanFacilityalsocontainsanExcessCashFlow(asdefinedinthecreditagreementforthe2018TermLoanFacility)sweeprequirementinwhichVince,LLCremits50%ofExcessCashFlowreducedonadollar-for-dollarbasisbyanyvoluntaryprepaymentsofthe2018TermLoanFacilityorthe2018RevolvingCreditFacility(totheextentaccompaniedbyapermanentreductionincommitments)duringsuchfiscalyearorafterthefiscalyearbutpriortothedateoftheexcesscashflowpayment,tobeappliedtotheoutstandingprincipalbalancecommencing10businessdaysafterthefilingoftheCompany’sAnnualReportonForm10-KstartingfromfiscalyearendingFebruary1,2020.

ThroughFebruary2,2019,onaninceptiontodatebasis,theCompanyhadnotmadeanyrepaymentsonthe2018TermLoanFacility.

2018 Revolving Credit Facility

OnAugust21,2018,Vince,LLCenteredintoan$80,000seniorsecuredrevolvingcreditfacility(the“2018RevolvingCreditFacility”)pursuanttoacreditagreementbyandamongVince,LLC,astheborrower,VHCandVinceIntermediate,asguarantors,CitizensBank,N.A.(“Citizens”),asadministrativeagentandcollateralagent,andtheotherlendersfromtimetotimepartythereto.The2018RevolvingCreditFacilityprovidesforarevolvinglineofcreditofupto$80,000,subjecttoaLoanCap,whichisthelesserof(i)theBorrowingBaseasdefinedinthecreditagreementforthe2018RevolvingCreditFacilityand(ii)theaggregatecommitments,aswellasaletterofcreditsublimitof$25,000.Italsoprovidesforanincreaseinaggregatecommitmentsofupto$20,000.The2018RevolvingCreditFacilitymaturesontheearlierofAugust21,2023andthematuritydateofthe2018TermLoanFacility.OnAugust21,2018,Vince,LLCincurred$39,555ofborrowings,priortowhich$66,271wasavailable,giventheLoanCapasofsuchdate.

Interestispayableontheloansunderthe2018RevolvingCreditFacilityateithertheLIBORortheBaseRate,ineachcase,withapplicablemarginssubjecttoapricinggridbasedonanaveragedailyexcessavailabilitycalculation.The“BaseRate”means,foranyday,afluctuatingrateperannumequaltothehighestof(i)therateofinterestineffectforsuchdayaspubliclyannouncedfromtimetotimebyCitizensasitsprimerate;(ii)theFederalFundsRateforsuchday,plus0.5%;and(iii)theLIBORRateforaonemonthinterestperiodasdeterminedonsuchday,plus1.00%.Duringthecontinuanceofcertainspecifiedeventsofdefault,attheelectionofCitizens,interestwillaccrueatarateof2.0%inexcessoftheapplicablenon-defaultrate.

The2018RevolvingCreditFacilitycontainsarequirementthat,atanypointwhenExcessAvailability(asdefinedinthecreditagreementforthe2018RevolvingCreditFacility)islessthan10.0%oftheloancapandcontinuinguntilExcessAvailabilityexceedsthegreaterofsuchamountsfor30consecutivedays,VincemustmaintainduringthattimeaConsolidatedFixedChargeCoverageRatio(asdefinedinthecreditagreementforthe2018RevolvingCreditFacility)equaltoorgreaterthan1.0to1.0measuredasofthelastdayofeachfiscalmonthduringsuchperiod.

The2018RevolvingCreditFacilitycontainsrepresentationsandwarranties,othercovenantsandeventsofdefaultthatarecustomaryforthistypeoffinancing,includingcovenantswithrespecttolimitationsontheincurrenceofadditionalindebtedness,liens,burdensomeagreements,guarantees,investments,loans,assetsales,mergers,acquisitions,prepaymentofotherdebt,therepurchaseofcapitalstock,transactionswithaffiliates,andtheabilitytochangethenatureoftheCompany’sbusinessoritsfiscalyear.The2018RevolvingCreditFacilitygenerallypermitsdividendsintheabsenceofanyeventofdefault(includinganyeventofdefaultarisingfromacontemplateddividend),solongas(i)aftergivingproformaeffecttothecontemplateddividendandforthefollowingsixmonthsExcessAvailabilitywillbeatleastthegreaterof20.0%oftheLoanCapand$10millionand(ii)aftergivingproformaeffecttothecontemplateddividend,theConsolidatedFixedChargeCoverageRatioforthe12monthsprecedingsuchdividendwillbegreaterthanorequalto1.0to1.0(providedthattheConsolidatedFixedChargeCoverageRatiomaybelessthan1.0to1.0if,aftergivingproformaeffecttothecontemplateddividend,ExcessAvailabilityforthesixfiscalmonthsfollowingthedividendisatleastthegreaterof25.0%oftheLoanCapand$12,500).AsofFebruary2,2019,theCompanywasincompliancewithapplicablecovenants.

AsofFebruary2,2019,$36,850wasavailableunderthe2018RevolvingCreditFacility,netoftheloancap,andtherewere$19,016ofborrowingsoutstandingand$6,013oflettersofcreditoutstandingunderthe2018RevolvingCreditFacility.Theweightedaverageinterestrateforborrowingsoutstandingunderthe2018RevolvingCreditFacilityasofFebruary2,2019was4.4%.

2 013 Term Loan Facility

OnNovember27,2013,Vince,LLCandVinceIntermediateenteredintoa$175,000seniorsecuredtermloanfacility(asamendedfromtimetotime,the“2013TermLoanFacility”)withthelenderspartythereto,BankofAmerica,N.A.(“BofA”),asadministrativeagent,JPMorganChaseBankandMerrillLynch,Pierce,Fenner&SmithIncorporated,asjointleadarrangers,andCantorFitzgeraldasdocumentationagent.The2013TermLoanFacilitywouldhavematuredonNovember27,2019.Vince,LLCandVinceIntermediatewereborrowersandVHCwasaguarantorunderthe2013TermLoanFacility.

OnAugust21,2018,theCompanyrefinancedthe2013TermLoanFacilitybyenteringintothe2018TermLoanFacilityandthe2018RevolvingCreditFacility.Alloutstandingamountsunderthe2013TermLoanFacilityof$29,146,includinginterest,wererepaidinfullandthe2013TermLoanFacilitywasterminated.

2013 Revolving Credit Facility

OnNovember27,2013,Vince,LLCenteredintoa$50,000seniorsecuredrevolvingcreditfacility(asamendedfromtimetotime,the“2013RevolvingCreditFacility”)withBofAasadministrativeagent.Vince,LLCwastheborrowerandVHCandVinceIntermediateweretheguarantorsunderthe2013RevolvingCreditFacility.OnJune3,2015,Vince,LLCenteredintoafirstamendmenttothe2013RevolvingCreditFacility,thatamongotherthings,increasedtheaggregatecommitmentsunderthefacilityfrom$50,000to$80,000,subjecttoaloancapwhichwasthelesserof(i)theBorrowingBase,asdefinedintheloanagreement,(ii)theaggregatecommitments,or(iii)$70,000untildebtobligationsundertheCompany’s2013TermLoanFacilityhavebeenpaidinfull,andextendedthematuritydatefromNovember27,2018toJune3,2020.

OnAugust21,2018,theCompanyrefinancedthe2013RevolvingCreditFacilitybyenteringintothe2018TermLoanFacilityandthe2018RevolvingCreditFacility.Alloutstandingamountsunderthe2013TermLoanFacilityof$40,689,includinginterest,wererepaidinfullandthe2013RevolvingCreditFacilitywasterminated.

Off-Balance Sheet Arrangements

Wedidnothaveanyrelationshipswithunconsolidatedorganizationsorfinancialpartnerships,suchasstructuredfinanceorspecialpurposeentities,thatwouldhavebeenestablishedforthepurposeoffacilitatingoff-balancesheetarrangementsorothercontractuallynarroworlimitedpurposesduringtheperiodspresentedherein.

Contractual Obligations

ThefollowingtablesummarizesourcontractualobligationsasofFebruary2,2019: Future payments due by period (in thousands) 2019 2020-2021 2022-2023 Thereafter Total Unrecordedcontractualobligations

Operatingleaseobligations $ 21,512 $ 38,932 $ 32,307 $ 24,140 $ 116,891 Othercontractualobligations(1) 27,298 3,935 242 — 31,475

Recordedcontractualobligations Long-termdebtobligations 2,750 5,500 19,250 — 27,500 TaxReceivableAgreement(2) 58,273

Total $ 51,560 $ 48,367 $ 51,799 $ 24,140 $ 234,139

(1) Consistsprimarilyofinventorypurchaseobligationsandservicecontracts.(2) VHCenteredintotheTaxReceivableAgreementwiththePre-IPOStockholders(asdescribedinNote12“RelatedPartyTransactions”withinthenotestoConsolidatedFinancial

StatementsinthisAnnualReportonForm10-K).Wecannot,however,reliablyestimateinwhichfutureperiodstheseamountswouldbecomedue,otherthanthoseamountsexpectedtobepaidwithinoneyear.Theamountsetforthinthe“Total”columnrepresentstheestimatedremainingobligationasofFebruary2,2019undertheTaxReceivableAgreement.

Thesummaryabovedoesnotincludethefollowingitems:

• AsofFebruary2,2019,wehaverecorded$2,304ofunrecognizedtaxbenefits,excludinginterestandpenalties.Weareunabletomakereliableestimatesofcashflowsbyperiodduetotheinherentuncertaintysurroundingtheeffectivesettlementofthesepositions.

• Interestpayableunderthe2018TermLoanFacility,whichiscalculatedatarateequaltothe90-dayLIBORrate(subjecttoa0%floor)plusapplicablemarginssubjecttoapricinggridbasedonaminimumConsolidatedEBITDA(asdefinedinthecreditagreementforthe2018TermLoanFacility)calculation.

• Interestpayableunderthe2018RevolvingCreditfacility,whichiscalculatedateithertheLIBORortheBaseRate,ineachcase,plusanapplicablemarginssubjecttoapricinggridbasedonanaveragedailyexcessavailabilitycalculation.The“BaseRate”means,foranyday,afluctuatingrateperannumequaltothehighestof(i)therateofinterestineffectforsuchdayaspubliclyannouncedfromtimetotimebyCitizensasitsprimerate;(ii)theFederalFundsRateforsuchday,plus0.5%;and(iii)theLIBORRateforaonemonthinterestperiodasdeterminedonsuchday,plus1.00%.

Seasonality

Theapparelandfashionindustryinwhichweoperateiscyclicaland,consequently,ourrevenuesareaffectedbygeneraleconomicconditionsandtheseasonaltrendscharacteristictotheapparelandfashionindustry.Purchasesofapparelaresensitivetoanumberoffactorsthatinfluencethelevelofconsumerspending,includingeconomicconditionsandthelevelofdisposableconsumerincome,consumerdebt,interestratesandconsumerconfidenceaswellastheimpactofadverseweatherconditions.Inaddition,fluctuationsintheamountofsalesinanyfiscalquarterareaffectedbythetimingofseasonalwholesaleshipmentsandothereventsaffectingdirect-to-consumersales;assuch,thefinancialresultsforanyparticularquartermaynotbeindicativeofresultsforthefiscalyear.Weexpectsuchseasonalitytocontinue.

Inflation

Whileinflationmayimpactoursales,costofgoodssoldandexpenses,webelievetheeffectsofinflationonourresultsofoperationsandfinancialconditionarenotsignificant.Whileitisdifficulttoaccuratelymeasuretheimpactofinflation,managementbelievesithasnotbeensignificantandcannotprovideanyassurancesthatourresultsofoperationsandfinancialconditionwillnotbemateriallyimpactedbyinflationinthefuture.

Critical Accounting Policies

Management’sdiscussionandanalysisoffinancialconditionandresultsofoperationsisbaseduponourconsolidatedfinancialstatements,whichhavebeenpreparedinaccordancewithaccountingprinciplesgenerallyacceptedintheUnitedStatesofAmerica(“GAAP”).Thepreparationofthesefinancialstatementsrequiresestimatesandjudgmentsthataffectthereportedamountsofourassets,liabilities,revenuesandexpenses.Managementbasesestimatesonhistoricalexperienceandotherassumptionsitbelievestobereasonableunderthecirc*mstancesandevaluatestheseestimatesonanon-goingbasis.Actualresultsmaydifferfromtheseestimatesunderdifferentassumptionsorconditions.

Thefollowingcriticalaccountingpoliciesreflectthesignificantestimatesandjudgmentsusedinthepreparationofourconsolidatedfinancialstatements.Withrespecttocriticalaccountingpolicies,evenarelativelyminorvariancebetweenactualandexpectedexperiencecanpotentiallyhaveamateriallyfavorableorunfavorableimpactonsubsequentconsolidatedresultsofoperations.Formoreinformationonouraccountingpolicies,pleaserefertotheNotestoConsolidatedFinancialStatementsinthisAnnualReportonForm10-K.

Revenue Recognition and Accounts Receivable Reserves for Allowances

TheCompanyrecognizesrevenuewhenperformanceobligationsidentifiedunderthetermsofcontractswithitscustomersaresatisfied,whichgenerallyoccursuponthetransferofcontrolinaccordancewiththecontractualtermsandconditionsofthesale.SalesarerecognizedwhenthecontrolofthegoodsaretransferredtothecustomerfortheCompany’swholesalebusiness,uponreceiptbythecustomerfortheCompany’se-commercebusiness,andatthetimeofsaletotheconsumerfortheCompany’sretailbusiness.SalesaremeasuredastheamountofconsiderationtheCompanyexpectstoreceiveinexchangefortransferringgoods,whichincludesestimatesforvariableconsideration.Variableconsiderationmainlyincludesdiscounts,chargebacks,markdownallowances,cooperativeadvertisingprograms,andsalesreturns.Estimatedamountsofdiscounts,chargebacks,markdownallowances,cooperativeadvertisingprograms,andsalesreturnsareaccountedforasreductionsofsaleswhentheassociatedsaleoccurs.Theseestimatedamountsareadjustedperiodicallybasedonchangesinfactsandcirc*mstanceswhenthechangesbecomeknown.OntheCompany’sconsolidatedbalancesheet,reservesforsalesreturnsareincludedwithinotheraccruedliabilities,andthevalueofinventoryassociatedwithreservesforsalesreturnsareincludedinprepaidexpensesandothercurrentassets.TheCompanycontinuestoestimatetheamountofsalesreturnsbasedonknowntrendsandhistoricalreturnrates.

Accountsreceivablearerecordednetofallowancesforexpectedfuturechargebacksandmarginsupportfromwholesalepartners.Itisthenatureoftheapparelandfashionindustrythatsupplierslikeusfacesignificantpressurefromwholesalepartnersintheretailindustrytoprovideallowancestocompensatefortheirmarginshortfalls.Thispressureoftentakestheformofcustomersrequiringustoprovidepriceconcessionsonpriorshipmentsasaprerequisiteforobtainingfutureorders.Pressurefortheseconcessionsislargelydeterminedbyoverallretailsalesperformanceand,morespecifically,theperformanceofourproductsatretail.Totheextentourwholesalepartnershavemoreofourgoodsonhandattheendoftheseason,therewillbegreaterpressureforustograntmarkdownconcessionsonpriorshipments.Ouraccountsreceivablebalancesarereportednetofexpectedallowancesforthesemattersbasedonthehistoricallevelofconcessionsrequiredandourestimatesofthelevelofmarkdownsandallowancesthatwillberequiredinthecomingseason.Weevaluatetheallowancebalancesonacontinualbasisandadjustthemasnecessarytoreflect

changesinanticipatedallowanceactivity.Wealsoprovideanallowanceforsalesreturnsbasedonknowntrendsandhistoricalreturnrates.

AtFebruary2,2019,ahypothetical1%changeinthereservesforallowanceswouldhaveresultedinachangeof$74inaccountsreceivableandnetsales.

Inventory Valuation

Inventoryvaluesarereducedtonetrealizablevaluewhentherearefactorsindicatingthatcertaininventorieswillnotbesoldontermssufficienttorecovertheircost.Out-of-seasoninventoriesmaybesoldtooff-priceretailersandothercustomerswhoserveacustomerbasethatwillpurchaseprioryearfashionsandmaybeliquidatedthroughourVinceoutletsandoure-commercewebsite.Theamount,ifany,thatthesecustomerswillpayforprioryearfashionsisdeterminedbythedesirabilityoftheinventoryitselfaswellasthegenerallevelofprioryeargoodsavailabletothesecustomers.Theassessmentofinventoryvalue,asaresult,ishighlysubjectiveandrequiresanassessmentoftheseasonalityoftheinventory,itsfuturedesirability,andfuturepricelevelsintheoff-pricesector.

Inourwholesalebusiness,someofourproductsarepurchasedforandsoldtospecificcustomers’orders.Fortheremainderofourbusiness,productsarepurchasedinanticipationofsellingthemtoaspecificcustomerbasedonhistoricaltrends.Thelossofamajorcustomer,whetherduetothecustomer’sfinancialdifficultyorotherreasons,couldhaveasignificantnegativeimpactonthevalueoftheinventoryexpectedtobesoldtothatcustomer.Thisnegativeimpactcanalsoextendtopurchaseobligationsforgoodsthathavenotyetbeenreceived.Theseobligationsinvolveproducttobereceivedintoinventoryoverthenextonetosixmonths.

AtFebruary2,2019,ahypothetical1%changeintheinventoryobsolescencereservewouldhaveresultedinachangeof$18ininventory,netandcostofproductssold.

Fair Value Assessments of Goodwill and Other Indefinite-Lived Intangible Assets

Goodwillandotherindefinite-livedintangibleassetsaretestedforimpairmentatleastannuallyandinaninterimperiodifatriggeringeventoccurs.Wecompletedourannualimpairmenttestingonourgoodwillandindefinite-livedintangibleasset,whichconsistsoftheVincetradename,duringthefourthquartersoffiscal2018,fiscal2017andfiscal2016.

Anentitymayelecttoperformaqualitativeimpairmentassessmentforgoodwillandindefinite-livedintangibleassets.Ifadversequalitativetrendsareidentifiedduringthequalitativeassessmentthatindicatethatitismorelikelythannotthatthefairvalueofareportingunitorindefinite-livedintangibleassetislessthanitscarryingamount,aquantitativeimpairmenttestisrequired.“Stepone”ofthequantitativeimpairmenttestforgoodwillrequiresanentitytodeterminethefairvalueofeachreportingunitandcomparesuchfairvaluetotherespectivecarryingamount.Iftheestimatedfairvalueofthereportingunitexceedsthecarryingvalueofthenetassetsassignedtothatreportingunit,goodwillisnotimpaired,andwearenotrequiredtoperformfurthertesting.InaccordancewithnewaccountingguidanceadoptedonJanuary29,2017,ifthecarryingamountofthereportingunitexceedsitsestimatedfairvalue,animpairmentlossisrecordedfortheamountbywhichareportingunit’scarryingvalueexceedsitsfairvalue,nottoexceedthecarryingamountofgoodwill.Priortotheadoptionofthenewaccountingguidance,ifthecarryingamountofthereportingunitexceededitsestimatedfairvalue,“steptwo”oftheimpairmenttestwasperformedinordertodeterminetheamountoftheimpairmentloss.“Steptwo”ofthegoodwillimpairmenttestincludedvaluingthetangibleandintangibleassetsoftheimpairedreportingunitbasedonthefairvaluedeterminedin“stepone”andcalculatingthefairvalueoftheimpairedreportingunit'sgoodwillbasedupontheresidualofthesummedidentifiedtangibleandintangibleassetsandliabilities.Thegoodwillimpairmenttestisdependentonanumberoffactors,includingestimatesoffuturegrowth,profitabilityandcashflows,discountratesandothervariables.Webaseourestimatesonassumptionswebelievetobereasonable,butwhichareunpredictableandinherentlyuncertain.Actualfutureresultsmaydifferfromthoseestimates.

Weestimatethefairvalueofourtradenameintangibleassetusingadiscountedcashflowvaluationanalysis,whichisbasedonthe“relieffromroyalty”methodology.Thismethodologyassumesthatinlieuofownership,athirdpartywouldbewillingtopayaroyaltyinordertoexploittherelatedbenefitsofthesetypesofassets.Therelieffromroyaltyapproachisdependentonanumberoffactors,includingestimatesoffuturegrowth,royaltyratesinthecategoryofintellectualproperty,discountratesandothervariables.Webaseourfairvalueestimatesonassumptionswebelievetobereasonable,butwhichareunpredictableandinherentlyuncertain.Actualfutureresultsmaydifferfromthoseestimates.Werecognizeanimpairmentlosswhentheestimatedfairvalueofthetradenameintangibleassetislessthanthecarryingvalue.

Anentitymaypassonperformingthequalitativeassessmentforareportingunitorindefinite-livedintangibleassetanddirectlyperformthequantitativeassessment.Thisdeterminationcanbemadeonanassetbyassetbasis,andanentitymayresumeperformingaqualitativeassessmentinsubsequentperiods.

Infiscal2018,theCompanyelectedtoperformaqualitativeimpairmenttestongoodwillandconcludedthatitwasmorelikelythannotthatthefairvalueoftheCompany’sWholesalereportingunitexceededitscarryingvalueandthegoodwillwhichamountedto$41,435asofFebruary2,2019wasnotimpaired.

Infiscal2017,weelectedtoperformaquantitativeimpairmenttestongoodwill.Theresultsofthequantitativetestdidnotresultinanyimpairmentofgoodwill,whichamountedto$41,435asofFebruary3,2018,becausethefairvalueoftheCompany’sWholesalereportingunitexceededitscarryingvaluebyapproximately35%.Significantassumptionsutilizedinthediscountedcashflowanalysisincludedadiscountrateof15.0%.Significantassumptionsutilizedinamarket-basedapproachweremarketmultiplesrangingfrom1.10xto1.16x.

Infiscal2016,aquantitativeimpairmenttestongoodwilldeterminedthatthefairvalueofourDirect-to-consumerreportingunitwasbelowitscarryingvalue.Duringfiscal2016,thesalesresultswithintheDirect-to-consumerreportingunitwereimpactedbycontinueddeclinesinaverageordervaluesaswellasdeclinesinthenumberoftransactionsduetolowerconversionratesandreducedtrafficandasaresult,theDirect-to-consumerreportingunitdidnotmeetexpectations,resultinginlowercurrentandexpectedfuturecashflows.WeestimatedthefairvalueofourDirect-to-consumerreportingunitusingboththeincomeandmarketvaluationapproaches,withaweightingof80%and20%,respectively.“Stepone”oftheassessmentdeterminedthatthefairvalueoftheDirect-to-consumerreportingunitwasbelowthecarryingamountbyapproximately40%.Accordingly,“steptwo”oftheassessmentwasperformed,whichcomparedtheimpliedfairvalueofthegoodwilltothecarryingvalueofsuchgoodwillbyperformingahypotheticalpurchasepriceallocationusingthefairvalueofthereportingunitdeterminedin“stepone”.Basedontheresultsfrom“steptwo,”werecordedagoodwillimpairmentchargeof$22,311towrite-offallofthegoodwillinourDirect-to-consumerreportingunit.ThechargewasrecordedwithinImpairmentofgoodwillandindefinite-livedintangibleassetontheConsolidatedStatementsofOperations,duringthefourthquarteroffiscal2016.Additionally,theresultsof“stepone”oftheassessmentdeterminedthatthefairvalueoftheWholesalereportingunitexceededitscarryingvaluebyapproximately40%andthereforedidnotresultinanyimpairmentofgoodwill,whichamountedto$41,435asofJanuary28,2017.Significantassumptionsutilizedinthediscountedcashflowanalysisincludedadiscountrateof16.0%.Significantassumptionsutilizedinamarket-basedapproachweremarketmultiplesrangingfrom0.50xto0.90xfortheCompany’sreportingunits.

Infiscal2018,theCompanyelectedtoperformaqualitativeimpairmenttestonitstradenameintangibleassetandconcludedthatitismorelikelythannotthatthefairvalueoftheCompany’stradenameintangibleassetexceedsitscarryingvalueandthetradenameintangibleassetisnotimpaired.

Infiscal2017,weelectedtoperformaquantitativeassessmentonourtradenameintangibleasset.TheresultsofthequantitativetestdidnotresultinanyimpairmentbecausethefairvalueoftheCompany’stradenameintangibleassetexceededitscarryingvalue.Theestimateoffairvalueofthetradenameintangibleassetwasdeterminedusingadiscountedcashflowvaluationanalysis,whichwasbasedonthe“relieffromroyalty”methodology.Discountrateassumptionswerebasedonanassessmentoftheriskinherentintheprojectedfuturecashflowsgeneratedbytheintangibleasset.Alsosubjecttojudgmentareassumptionsaboutroyaltyrates,whichwerebasedontheestimatedratesatwhichsimilartradenamesarebeinglicensedinthemarketplace.

Infiscal2016,aquantitativeassessmentonourtradenameintangibleassetdeterminedthatthefairvalueofourtradenameintangibleassetwasbelowitscarryingvalue.Duringfiscal2016,oursalesresultsdidnotmeetexpectationsresultinginlowercurrentandexpectedfuturecashflows.Weestimatedthefairvalueofourtradenameintangibleassetusingadiscountedcashflowvaluationanalysis,whichisbasedonthe“relieffromroyalty”methodologyanddeterminedthatthefairvalueofourtradenameintangibleassetwasbelowthecarryingamountbyapproximately30%.Accordingly,werecordedanimpairmentchargeof$30,750,whichwasrecordedwithinImpairmentofgoodwillandindefinite-livedintangibleassetontheConsolidatedStatementsofOperations,duringthefourthquarteroffiscal2016.Discountrateassumptionswerebasedonanassessmentoftheriskinherentintheprojectedfuturecashflowsgeneratedbytheintangibleasset.Alsosubjecttojudgmentareassumptionsaboutroyaltyrates,whichwerebasedontheestimatedratesatwhichsimilartradenamesarebeinglicensedinthemarketplace.

Property and Equipment and Other Finite-Lived Intangible Assets

TheCompanyreviewsitspropertyandequipmentandfinite-livedintangibleassetsforimpairmentwhenmanagementdeterminesthatthecarryingvalueofsuchassetsmaynotberecoverableduetoeventsorchangesincirc*mstances.Recoverabilityoftheseassetsisevaluatedbycomparingthecarryingvalueoftheassetwithestimatedfutureundiscountedcashflows.Ifthecomparisonsindicatethatthevalueoftheassetisnotrecoverable,animpairmentlossiscalculatedasthedifferencebetweenthecarryingvalueandthefairvalueoftheassetandthelossisrecognizedduringthatperiod.Thelong-livedassetimpairmenttestisdependentonanumberoffactors,includingestimatesoffuturegrowth,profitabilityandcashflows,discountratesandothervariables.

Duringfiscal2018,werecordednon-cashassetimpairmentchargesof$1,684,withinSG&AexpensesontheConsolidatedStatementsofOperations,relatedtotheimpairmentofpropertyandequipmentofcertainretailstoreswithcarryingvaluesthatweredeterminednottoberecoverableandexceededfairvalue.Priortotheimpairmentcharge,theseretailstoreshadatotalnetbookvalueof$1,740.

Duringfiscal2017,werecordednon-cashassetimpairmentchargesof$5,111,withinSG&AexpensesontheConsolidatedStatementsofOperations,relatedtotheimpairmentofpropertyandequipmentofcertainretailstoreswithcarryingvaluesthatweredeterminednottoberecoverableandexceededfairvalue.Priortotheimpairmentcharge,theseretailstoreshadatotalnetbookvalueof$5,604.

Duringfiscal2016,werecordednon-cashassetimpairmentchargesof$2,082,withinSG&AexpensesontheConsolidatedStatementsofOperations,relatedtotheimpairmentofpropertyandequipmentofcertainretailstoreswithcarryingvaluesthatweredeterminednottoberecoverableandexceededfairvalue.Priortotheimpairmentcharge,theseretailstoreshadatotalnetbookvalueof$3,124.

Finite-livedintangibleassetsarecomprisedofcustomerrelationshipsandarebeingamortizedonastraight-linebasisovertheirusefullivesof20years.

Tax Receivable Agreement

InconnectionwiththeconsummationoftheIPO,weenteredintoaTaxReceivableAgreementwiththePre-IPOStockholders.TheTaxReceivableAgreementprovidesforpaymentstothePre-IPOStockholdersinanamountequalto85%oftheaggregatereductionintaxespayablerealizedbytheCompanyanditssubsidiariesfromtheutilizationofthePre-IPOTaxBenefits.AmountspayableundertheTaxReceivableAgreementarecontingentupon,amongotherthings,(i)generationoffuturetaxableincomeoverthetermoftheTaxReceivableAgreementand(ii)changesintaxlaws.IfwedonotgeneratesufficienttaxableincomeintheaggregateoverthetermoftheTaxReceivableAgreementtoutilizethetaxbenefits,thenwewouldnotberequiredtomaketherelatedpaymentobligationsundertheTaxReceivableAgreement.Therefore,wewouldonlyrecognizealiabilityfortheTaxReceivableAgreementobligationifwedetermineifitisprobablethatwewillgeneratesufficientfuturetaxableincomeoverthetermoftheTaxReceivableAgreementtoutilizetherelatedtaxbenefits.Estimatingfuturetaxableincomeisinherentlyuncertainandrequiresjudgment.Inprojectingfuturetaxableincome,weconsiderourhistoricalresultsandincorporatecertainassumptions,includingrevenuegrowth,operatingmargins,andprojectedretaillocationopenings,amongothers.Ifwedetermineinthefuturethatwewillnotbeabletofullyutilizeallorpartoftherelatedtaxbenefits,wewouldderecognizetheportionoftheliabilityrelatedtobenefitsnotexpectedtobeutilized.Alternatively,ifwegenerateadditionalfuturetaxableincomebeyondourcurrentestimate,wewouldrecognizeadditionalliabilityrelatedtobenefitsexpectedtobeutilized.

AsofFebruary2,2019,ourTRAliabilitywasrecordedat$58,273whichisclassifiedasnon-currentunderOtherliabilitiesonourConsolidatedBalanceSheets.

Income taxes and Valuation Allowances

Weaccountforincometaxesusingtheassetandliabilitymethod.Underthismethod,deferredtaxassetsandliabilitiesarerecognizedforthefuturetaxconsequencesoftemporarydifferencesbetweenthecarryingamountsandtaxbasesofassetsandliabilitiesatenactedrates.Weassessthelikelihoodoftherealizationofdeferredtaxassetsandadjustthecarryingamountofthesedeferredtaxassetsbyavaluationallowancetotheextentwebelieveitmorelikelythannotthatalloraportionofthedeferredtaxassetswillnotberealized.Weconsidermanyfactorswhenassessingthelikelihoodoffuturerealizationofdeferredtaxassets,includingrecentearningsresultswithintaxingjurisdictions,expectationsoffuturetaxableincome,thecarryforwardperiodsavailableandotherrelevantfactors.Changesintherequiredvaluationallowancearerecordedinincomeintheperiodsuchdeterminationismade.Significantjudgmentisrequiredindeterminingtheprovisionforincometaxes.Changesinestimatesmaycreatevolatilityinoureffectivetaxrateinfutureperiodsforvariousreasons,includingchangesintaxlawsorrates,changesinforecastedamountsofpretaxincome(loss),settlementswithvarioustaxauthorities,eitherfavorableorunfavorable,theexpirationofthestatuteoflimitationsonsometaxpositionsandobtainingnewinformationaboutparticulartaxpositionsthatmaycausemanagementtochangeitsestimates.Theultimatetaxoutcomeisuncertainforcertaintransactions.WerecognizetaxpositionsinourConsolidatedBalanceSheetsasthelargestamountoftaxbenefitthatisgreaterthan50%likelyofbeingrealizeduponultimatesettlementwithtaxauthoritiesassumingfullknowledgeofthepositionandallrelevantfacts.

Duetotheuncertainnatureoftherealizationofourdeferredincometaxassets,duringthefourthquarteroffiscal2016,werecordedvaluationallowanceswithinProvisionforincometaxesontheConsolidatedStatementsofOperations.Duringfiscal2018,theCompanyrecordedadditionalvaluationallowancesintheamountof$1,048duetothecombinationof(i)acurrentyearpre-taxloss;(ii)levelsofprojectedpre-taxincome;and(iii)theCompany’sabilitytocarryforwardorcarrybacktaxlosses.Thisvaluationallowanceissubjecttoperiodicreview,andiftheallowanceisreduced,thetaxbenefitwillberecordedinthefutureoperationsasareductionofourincometaxexpense.

Recent Accounting Pronouncements

ForinformationoncertainrecentlyissuedorproposedaccountingstandardswhichmayimpacttheCompany,pleaserefertothenotestoConsolidatedFinancialStatementsinthisAnnualReportonForm10-K.

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.

See“IndextotheAuditedConsolidatedFinancialStatements,”whichislocatedonpageF-1appearingattheendofthisAnnualReportonForm10-K.

ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOU NTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE.

None.

ITEM 9A. CONTROLS AND PROCEDURES.

AttachedasexhibitstothisAnnualReportonForm10-KarecertificationsofourChiefExecutiveOfficerandChiefFinancialOfficer.Rule13a-14oftheExchangeActrequiresthatweincludethesecertificationswiththisreport.ThisControlsandProceduressectionincludesinformationconcerningthedisclosurecontrolsandproceduresreferredtointhecertifications.Youshouldreadthissectioninconjunctionwiththecertifications.

Disclosure Controls and Procedures

UnderthesupervisionandwiththeparticipationofourChiefExecutiveOfficerandChiefFinancialOfficer,managementhasevaluatedtheeffectivenessofthedesignandoperationofourdisclosurecontrolsandprocedures(asdefinedinRules13a-15(e)and15d-15(e)oftheExchangeAct)asofFebruary2,2019.

Baseduponthatevaluation,ourChiefExecutiveOfficerandChiefFinancialOfficerconcludedthatourdisclosurecontrolsandprocedureswerenoteffectiveasofFebruary2,2019duetothematerialweaknessinourinternalcontroloverfinancialreportingdescribedbelow.

Asaresultofthematerialweaknessidentified,weperformedadditionalanalysis,substantivetestingandotherpost-closingproceduresintendedtoensurethatourconsolidatedfinancialstatementswerepreparedinaccordancewithU.S.GAAP.Accordingly,managementbelievesthattheconsolidatedfinancialstatementsandrelatednotestheretoincludedinthisAnnualReportonForm10-Kfairlypresent,inallmaterialrespects,theCompany’sfinancialcondition,resultsofoperationsandcashflowsfortheperiodspresented.Changes in Internal Control Over Financial ReportingTheremediationactivitiesrelatedtothetradenameindefinite-livedintangibleassetdescribedbelowarechangesininternalcontroloverfinancialreportingduringthequarterendedFebruary2,2019thathavemateriallyaffected,orarereasonablylikelytomateriallyaffect,thecompany'sinternalcontroloverfinancialreporting.Remediation of Previously Reported Material Weaknesses in Internal Control over Financial Reporting Tradenameindefinite-livedintangibleasset

AspreviouslydisclosedinourAnnualReportonForm10-KfortheperiodendedFebruary3,2018,wehadnotmaintainedeffectivecontrolsoverthevaluationofourtradenameindefinite-livedintangibleasset.Specifically,wehadnotdesignedandmaintainedcontrolsthatoperatedatasufficientlevelofprecisiontodeterminethecompletenessandaccuracyoftheinputsintothevaluationmodelusedfortheannualimpairmentassessmentofthetradenameindefinite-livedintangibleasset.

Duringfiscal2018,weremediatedthismaterialweaknessbydesigning,implementingandmaintainingmanagementreviewcontrolsthatoperated

effectivelyforareasonableperiodoftimeatasufficientlevelofprecisiontodeterminethecompletenessandaccuracyoftheinputsintothevaluationmodelusedfortheannualimpairmentassessmentofthetradenameindefinite-livedintangibleasset.InformationTechnology(“IT”)RiskAssessmentandITGovernance

AspreviouslydisclosedinourAnnualReportonForm10-KfortheperiodendedFebruary3,2018,wehadnotdesignedandimplementedeffectivecontrolsoverriskassessmentwithregardtoourprocessesandprocedurescommensuratewithourfinancialreportingrequirements.Specifically,wedidnotmaintainappropriatecorporategovernanceandoversight,changemanagementandsystemimplementationcontrolsintendedtoaddresstherisksassociatedwiththeimplementationofourERPandpayrollsystemsandtotimelyidentifyandappropriatelymitigatesuchriskpriortotransitioningtothenewsystems.

Duringfiscal2018,weremediatedthismaterialweaknessbyimplementingthefollowingcontrolsandproceduresthatweredesignedappropriatelyand

determinedtobeoperatingeffectivelyforareasonableperiodoftime:

• TheCompanyestablishedanITSteeringCommitteewhichadoptedcomprehensiveinformationtechnologygovernancepoliciesandprocedures,includinganITriskassessment,toensurecontinuouscorporategovernanceandoversightoverongoingprojectsandimplementation,strategicalignment,costmanagementandprojectrisks;and

• TheCompanyimplementedaSoftwareDevelopmentLifeCycle(“SDLC”)policyandenhancedSDLCcontrolstoenforceandprovideguidanceandstructureforprojectimplementations,includingprojectexploration,projectinitiation,designreview,prego-livereview,andpostgo-livereview.

• TheCompanyengagedathird-partytoassistmanagementconductanoverallbusinessprocessriskassessment,tocomprehensivelydocumentandenhancethedesignofkeycontrolswithinourriskandcontrolmatrix,andtoworkwithprocessownersinassessingriskandconsultonthedesignofcontrolactivitiesandremediationactionplans.

Controlenvironment

AspreviouslydisclosedinourAnnualReportonForm10-KfortheperiodendedFebruary3,2018,wedidnotmaintainaneffectivecontrolenvironmentovertheinternalcontrolactivitiestoensuretheprocessingandreportingoftransactionswerecomplete,accurate,andtimely.Specifically,wedidnotdesignandimplementasufficientlevelofformalfinancialreportingandoperatingpoliciesandproceduresthatdefinedhowtransactionsacrossthebusinesscyclesshouldbeinitiated,recorded,processed,authorized,monitored,approvedandappropriatelyreported,includingpresentationanddisclosurewithinthefinancialstatements.

Duringfiscal2018,weremediatedthismaterialweaknessbyimplementingthefollowingcontrolsandproceduresthatweredesignedappropriatelyanddeterminedtobeoperatingeffectivelyforareasonableperiodoftime: • TheCompanysignificantlyimproveditsgovernanceandcollaborationacrossallbusinessareasthroughstrengtheningprocessdocumentation,

controls,businessprocedures,andtrainingmaterials; • TheCompanyimplementedanElectronicDataInterface(EDI)pricematchingprocessforcustomerpurchaseorders,includingtheautomationof

permanentcustomerdiscountsintheorderentry/ERPsystemtohelpensuresalesordersandcustomertransactionswereprocessedtimelyandaccurately;

• TheCompanyimplementedadetectiveprocesstoensurecustomertransactionswereprocessedaccuratelyandwithproperauthorization; • TheCompanystrengtheneditscontrolsrelatedtobalancesheets,includingpropersegregationofduties,properreviewersandapprovers,and

fluctuationanalyses;and • TheCompanydocumentedandstandardizedtheprocessoftrackingandreviewingaccountreconciliationprogressbyimplementingandactively

monitoringabalancesheetreconciliationtracker.

Management’s Annual Report on Internal Control Over Financial Reporting

Managementisresponsibleforestablishingandmaintainingadequateinternalcontroloverfinancialreporting(asdefinedinRules13a-15(f)and15d-15(f)undertheExchangeAct).Ourinternalcontroloverfinancialreportingisaprocessdesignedtoprovidereasonableassuranceregardingthereliabilityoffinancialreportingandthepreparationoffinancialstatementsforexternalpurposesinaccordancewithgenerallyacceptedaccountingprinciples.Ourinternalcontroloverfinancialreportingincludesthosepoliciesandproceduresthat(i)pertaintothemaintenanceofrecordsthat,inreasonabledetail,accuratelyandfairlyreflectthetransactionsanddispositionsofourassets;(ii)providereasonableassurancethattransactionsarerecordedasnecessarytopermitpreparationoffinancialstatementsinaccordancewithgenerallyacceptedaccountingprinciples,andthatourreceiptsandexpendituresarebeingmadeonlyinaccordancewithauthorizationsofourmanagementanddirectors;and(iii)providereasonableassuranceregardingpreventionortimelydetectionofunauthorizedacquisition,useordispositionofourassetsthatcouldhaveamaterialeffectonourfinancialstatements.

Becauseofitsinherentlimitations,internalcontroloverfinancialreportingmaynotpreventordetectmisstatements.Also,projectionsofanyevaluationofeffectivenesstofutureperiodsaresubjecttotheriskthatcontrolsmaybecomeinadequatebecauseofchangesinconditions,orthatthedegreeofcompliancewiththepoliciesorproceduresmaydeteriorate.

ManagementassessedtheeffectivenessofourinternalcontroloverfinancialreportingasofFebruary2,2019.Inmakingthisassessment,managementusedthecriteriaestablishedbytheCommitteeofSponsoringOrganizationsoftheTreadwayCommission(“COSO”)inInternalControl-IntegratedFramework(2013).Basedonthisassessment,managementhasconcludedthat,asofFebruary2,2019,ourinternalcontroloverfinancialreportingwasnoteffective,asmanagementidentifieddeficienciesininternalcontroloverfinancialreportingthatweredeterminedtorisetothelevelofamaterialweakness.Amaterialweaknessisadeficiency,orcombinationofdeficiencies,ininternalcontroloverfinancialreporting,suchthatthereisareasonablepossibilitythatamaterialmisstatementoftheCompany’sannualorinterimfinancialstatementswillnotbepreventedordetectedonatimelybasis.

WepreviouslyidentifiedanddisclosedinourAnnualReportonForm10-KfortheperiodendedFebruary3,2018,aswellasinourQuarterlyReportsonForm10-Qforeachinterimperiodinfiscal2018,amaterialweaknessinourinternalcontroloverfinancialreportingrelatingtothefollowing:

ITgeneralcontrols

Wedidnot(i)maintainprogramchangemanagementcontrolstoensurethatinformationtechnologyprogramanddatachangesaffectingfinancialITapplicationsandunderlyingaccountingrecordsweretested,approvedandimplementedappropriately;and(ii)maintainadequateuseraccesscontrolstoensureappropriatesegregationofdutiesandtoadequatelyrestrictaccesstofinancialapplicationsanddata.

Thismaterialweaknessdidnotresultinamaterialmisstatementtotheannualorinterimconsolidatedfinancialstatements.However,thismaterialweaknesscouldimpacttheeffectivenessofIT-dependentcontrols(suchasautomatedcontrolsthataddresstheriskofmaterialmisstatementtooneormoreassertions,alongwiththeITcontrolsandunderlyingdatathatsupporttheeffectivenessofsystem-generateddataandreports)thatcouldresultinamisstatementimpactingaccountbalancesordisclosuresthatwouldresultinamaterialmisstatementtotheannualorinterimconsolidatedfinancialstatementsthatwouldnotbepreventedordetected.

Thisannualreportdoesnotincludeanattestationreportofthecompany’sregisteredpublicaccountingfirmregardinginternalcontroloverfinancialreporting.Management’sreportwasnotsubjecttoattestationbythecompany’sregisteredpublicaccountingfirmpursuanttorulesoftheSecuritiesandExchangeCommissionthatpermitthecompanytoprovideonlymanagement’sreportinthisannualreport.

Remediation Efforts to Address the Material Weakness

Duringfiscal2018,wemadesignificantprogressonourcomprehensiveremediationplanrelatedtothismaterialweaknessbyimplementingthefollowingcontrolsandprocedures:

• TheCompanystrengtheneditsuserprovisioningandterminationsprocessesinplacetoensureemployeeaccesstokeysystemswereproperly

approved,evaluated,andremoved; • TheCompanyenhancedsegregationofdutiesacrossallmajorbusinessfunctions,aswellasmitigatinginternalcontrolstoproactivelyaddress

segregationofdutiesrisks; • TheCompanymodifiedsystemaccessrightsofallretailstorepersonnel,thelargestgroupofsystemsusers,withsegregationofduties

commensuratetothejobresponsibilities;and • TheCompanyperformedanoverallsegregationofdutiesriskassessmenttoidentifykeysegregationofdutiesriskstotheCompany,segregation

ofdutiesconflictsandactionsassociatedwithremovingconflicts,andmappedremainingconflictstodetectiveandcompensatingcontrolsperformedbyseparateindividualsfromthoseassociatedwithsegregationofdutiesconflicts.

Tofullyaddresstheremediationofdeficienciesrelatedtosegregationofduties,wewillneedtofullyremediatethedeficienciesregardingsystemsaccessdiscussedbelow.

Managementcontinuestofollowacomprehensiveremediationplantofullyaddressthiscontroldeficiency.Theremediationplanincludes:

• Implementingandeffectivelyoperatingcontrolsrelatedtotheroutinereviewsofusersystemaccessanduserre-certifications;and • Thecontinuedevaluationandmonitoringoforderentry/ERPsystemchangereports.

Whilewehavereportedamaterialweaknessthatisnotremediatedinfiscal2018,webelievewemadesignificantprogressinaddressingfinancial,

compliance,andoperationalrisksandimprovingcontrolsacrosstheCompany.Untilthematerialweaknessisremediated,wewillcontinuetoperformadditionalanalysis,substantivetestingandotherpost-closingprocedurestoensurethatourconsolidatedfinancialstatementsarepreparedinaccordancewithU.S.GAAP.

ITEM 9B. OTHER INFORMATION.

None.

PART III

ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE.

TheinformationrequiredbythisItemisincorporatedhereinbyreferencefromtheCompany’sdefinitiveproxystatementtobefiledwiththeSecuritiesandExchangeCommissioninconnectionwithour2019annualmeetingofstockholders.Ourdefinitiveproxystatementwillbefiledonorbefore120daysaftertheendoffiscal2018.

ITEM 11. EXECUTI VE COMPENSATION.

ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDERSMATTERS.

ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE.

ITEM 14. PRINCIP AL ACCOUNTANT FEES AND SERVICES.

PART IV

ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES.

(a) FinancialStatementsandFinancialStatementSchedules.See“IndextotheAuditedConsolidatedFinancialStatements”whichislocatedonF-1ofthisAnnualReportonForm10-K.

(b) Exhibits.Seetheexhibitindexwhichisincludedherein.

ExhibitListing:ExhibitNumber ExhibitDescription

3.1Amended&RestatedCertificateofIncorporationofVinceHoldingCorp.(incorporatedbyreferencetoExhibit3.1totheCompany’sCurrentReportonForm8-KfiledwiththeSecuritiesandExchangeCommissiononNovember27,2013).

3.2Amended&RestatedBylawsofVinceHoldingCorp.(incorporatedbyreferencetoExhibit3.2totheCompany’sCurrentReportonForm8-KfiledwiththeSecuritiesandExchangeCommissiononNovember27,2013).

3.3CertificateofAmendmentofAmendedandRestatedCertificateofIncorporation(incorporatedbyreferencetoExhibit3.01totheCompany’sCurrentReportonForm8-KfiledwiththeSecuritiesandExchangeCommissiononSeptember8,2017).

4.1FormofStockcertificate(incorporatedbyreferencetoExhibit4.1totheCompany’sAnnualReportonForm10-KfiledwiththeSecuritiesandExchangeCommissiononApril25,2018).

4.2

RegistrationAgreement,datedasofFebruary20,2008,amongApparelHoldingCorp.,SunCardinal,LLC,SCSFCardinal,LLCandtheOtherInvestorspartythereto(incorporatedbyreferencetoExhibit4.2totheCompany’sRegistrationStatementonFormS-1(FileNo.333-191336)filedwiththeSecuritiesandExchangeCommissiononSeptember24,2013).

10.1SharedServicesAgreement,datedasofNovember27,2013,betweenVince,LLCandKellwoodCompany,LLC(incorporatedbyreferencetoExhibit10.1totheCompany’sCurrentReportonForm8-KfiledwiththeSecuritiesandExchangeCommissiononNovember27,2013).

10.2

TaxReceivableAgreement,datedasofNovember27,2013,betweenVinceIntermediateHolding,LLC,theStockholders,andSunCardinal,LLCasStockholderRepresentative(incorporatedbyreferencetoExhibit10.2totheCompany’sCurrentReportonForm8-KfiledwiththeSecuritiesandExchangeCommissiononNovember27,2013).

10.3

ConsultingAgreement,datedasofNovember27,2013,betweenVinceHoldingCorp.andSunCapitalPartnersManagementV,LLC(incorporatedbyreferencetoExhibit10.3totheCompany’sCurrentReportonForm8-KfiledwiththeSecuritiesandExchangeCommissiononNovember27,2013).

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ExhibitNumber ExhibitDescription

10.4

CreditAgreement,datedasofNovember27,2013,byandamongVince,LLC,VinceIntermediateHolding,LLC,BankofAmerica,N.A.,asAdministrativeAgent,J.P.MorganSecuritiesLLC,asSyndicationAgent,BankofAmerica,N.A.,MerrillLynch,Pierce,Fenner&SmithIncorporatedandJ.P.MorganSecuritiesLLC,asJointLeadArrangersandJointBookrunners,andCantorFitzgeraldSecurities,asDocumentationAgent(incorporatedbyreferencetoExhibit10.5totheCompany’sCurrentReportonForm8-KfiledwiththeSecuritiesandExchangeCommissiononNovember27,2013).

10.5

CreditAgreement,datedasofNovember27,2013,byandamongVince,LLC,theguarantorspartythereto,BankofAmerica,N.A.,asAgent,theotherlenderspartytheretoandMerrillLynch,Pierce,Fenner&SmithIncorporated,asSoleLeadArrangerandSoleBookRunner(incorporatedbyreferencetoExhibit10.4totheCompany’sCurrentReportonForm8-KfiledwiththeSecuritiesandExchangeCommissiononNovember27,2013).

10.6†FormofIndemnificationAgreement(fordirectorsandofficersaffiliatedwithSunCapitalPartners)(incorporatedbyreferencetoExhibit10.6totheCompany’sCurrentReportonForm8-KfiledwiththeSecuritiesandExchangeCommissiononNovember27,2013).

10.7†FormofIndemnificationAgreement(fordirectorsandofficersnotaffiliatedwithSunCapitalPartners)(incorporatedbyreferencetoExhibit10.7totheCompany’sCurrentReportonForm8-KfiledwiththeSecuritiesandExchangeCommissiononNovember27,2013).

10.8†VinceHoldingCorp.2013IncentivePlan(incorporatedbyreferencetoExhibit10.66totheCompany’sRegistrationStatementonFormS-1(FileNo.333-191336)filedwiththeSecuritiesandExchangeCommissiononNovember12,2013).

10.9†FormofNon-QualifiedStockOptionAgreement(incorporatedbyreferencetoExhibit10.15totheCompany’sCurrentReportonForm8-KfiledwiththeSecuritiesandExchangeCommissiononNovember27,2013).

10.10†FormofDirectorRestrictedStockUnitAgreement(incorporatedbyreferencetoExhibit10.16totheCompany’sCurrentReportonForm8-KfiledwiththeSecuritiesandExchangeCommissiononNovember27,2013).

10.11†VinceHoldingCorp.AmendedandRestated2013EmployeeStockPurchasePlan(incorporatedbyreferencetoAnnexAtotheCompany’sInformationStatementonSchedule14CfiledwiththeSecuritiesandExchangeCommissiononSeptember3,2015).

10.12

FirstAmendmenttoCreditAgreement,datedasofJune3,2015,byandamongVince,LLC,theguarantorspartythereto,BankofAmerica,N.A.,asAgent,theotherlenderspartytheretoandMerrillLynch,Pierce,Fenner&SmithIncorporated,asSoleLeadArrangerandSoleBookRunner(incorporatedbyreferencetoExhibit10.1totheCompany’sQuarterlyReportonForm10-QfiledwiththeSecuritiesandExchangeCommissiononSeptember8,2015).

10.13

FirstAmendmenttotheTaxReceivableAgreement,datedasofSeptember1,2015,betweenVinceHoldingCorp.,theStockholders,andtheStockholderRepresentative(incorporatedbyreferencetoExhibit10.1totheCompany’sQuarterlyReportonForm10-QfiledwiththeSecuritiesandExchangeCommissiononDecember10,2015).

10.14†

EmploymentOfferLetter,datedasofOctober22,2015,fromVince,LLCtoBrendanHoffmanrelatingtohisappointmentastheChiefExecutiveOfficeroftheCompany(incorporatedbyreferencetoExhibit10.4totheCompany’sQuarterlyReportonForm10-QfiledwiththeSecuritiesandExchangeCommissiononDecember10,2015).

10.15†

EmploymentOfferLetter,datedasofJanuary12,2016,fromVince,LLCtoDavidStefkorelatingtohisappointmentastheChiefFinancialOfficeroftheCompany(incorporatedbyreferencetoExhibit10.44totheCompany’sAnnualReportonForm10-KfiledwiththeSecuritiesandExchangeCommissiononApril14,2016).

10.16†EmploymentOfferLetter,datedasofJune30,2016,betweenVince,LLCandMarkEngebretson(incorporatedbyreferencetoExhibit10.1totheCompany’sQuarterlyReportonForm10-QfiledwiththeSecuritiesandExchangeCommissiononDecember8,2016).

10.17†

AmendmentNo.1toEmploymentOfferLetter,datedasofSeptember12,2016,betweenVince,LLCtoMarkEngebretson(incorporatedbyreferencetoExhibit10.2totheCompany’sQuarterlyReportonForm10-QfiledwiththeSecuritiesandExchangeCommissiononDecember8,2016).

10.18

SideLettertoCreditAgreement,datedasofMarch6,2017,byandamongVince,LLC,VinceIntermediateHolding,LLC,VinceHoldingCorp.andBankofAmerica,N.A.(incorporatedbyreferencetoExhibit10.1totheCompany’sQuarterlyReportonForm10-QfiledwiththeSecuritiesandExchangeCommissiononJune8,2017).

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ExhibitNumber ExhibitDescription

10.19

SideLettertoCreditAgreement,datedasofApril14,2017,byandamongVince,LLC,VinceIntermediateHolding,LLC,VinceHoldingCorp.andBankofAmerica,N.A.(incorporatedbyreferencetoExhibit10.2totheCompany’sQuarterlyReportonForm10-QfiledwiththeSecuritiesandExchangeCommissiononJune8,2017).

10.20

FirstAmendmenttotheCreditAgreement,datedasofJune30,2017,byandamongVince,LLC,VinceIntermediateHolding,LLC,VinceHoldingCorp.andBankofAmerica,N.A.(incorporatedbyreferencetoExhibit10.1totheCompany’sCurrentReportonForm8-KfiledwiththeSecuritiesandExchangeCommissiononJuly5,2017).

10.21

SideLettertotheCreditAgreement,datedasofJune30,2017,byandamongVince,LLC,VinceIntermediateHolding,LLC,VinceHoldingCorp.andBankofAmericaN.A.(incorporatedbyreferencetoExhibit10.2totheCompany’sCurrentReportonForm8-KfiledwiththeSecuritiesandExchangeCommissiononJuly5,2017).

10.22

SecondAmendmenttotheCreditAgreement,datedasofJune22,2017,byandamongVince,LLC,theguarantorspartythereto,BankofAmerica,N.A.,asAgent,theotherlenderspartytheretoandMerrillLynch,Pierce,Fenner&SmithIncorporated,asSoleLeadArrangerandSoleBookRunnerbyandamongtheCompany,theguarantorspartiesthereto,BofA,asadministrativeagent,andeachlenderpartythereto(incorporatedbyreferencetoExhibit10.3totheCompany’sCurrentReportonForm8-KfiledwiththeSecuritiesandExchangeCommissiononJuly5,2017).

10.23

ThirdAmendmenttotheCreditAgreement,datedasofMarch28,2018,byandamongVince,LLC,theguarantorspartythereto,BankofAmerica,N.A.,asAgent,theotherlenderspartytheretoandMerrillLynch,Pierce,Fenner&SmithIncorporated,asSoleLeadArrangerandSoleBookRunnerbyandamongtheCompany,theguarantorspartiesthereto,BofA,asadministrativeagent,andeachlenderpartythereto(incorporatedbyreferencetoExhibit99.1totheCompany’sCurrentReportonForm8-KfiledwiththeSecuritiesandExchangeCommissiononMarch29,2018).

10.24

CreditFacility,datedJune22,2017byandamongVinceHoldingCorp.,SunCapitalFundV,L.P.asguarantor,andBankofMontreal(incorporatedbyreferencetoExhibit10.4oftheCompany’sCurrentReportonForm8-KfiledwiththeSecuritiesandExchangeCommissiononJuly5,2017).

10.25LetterAgreement,datedJune22,2017,withBankofAmerica,N.A.(incorporatedbyreferencetoExhibit10.6totheCompany’sCurrentReportonForm8-KfiledwiththeSecuritiesandExchangeCommissiononJuly5,2017).

10.26Agreement,datedasofJuly13,2017,byandbetweenVince,LLCandRebeccaTaylor,Inc.(incorporatedbyreferencetoExhibit10.1totheCompany’sCurrentReportonForm8-KfiledwiththeSecuritiesandExchangeCommissiononJuly14,2017).

10.27

InvestmentAgreement,datedasofAugust10,2017,byandamongVinceHoldingCorp.,SunCardinal,LLCandSCSFCardinal,LLC(incorporatedbyreferencetoExhibit10.1toAmendmentNo.2totheCompany’sRegistrationStatementonFormS-1filedwiththeSecuritiesandExchangeCommissiononAugust10,2017).

10.28† EmploymentOfferLetter,datedasofJanuary10,2017,betweenVince,LLCandMarieFogel.

10.29† AmendmentNo.1toEmploymentOfferLetter,datedasofJuly11,2017,betweenVince,LLCandMarieFogel.

10.30† AmendmentNo.2toEmploymentOfferLetter,datedasofJune29,2018,betweenVince,LLCandMarieFogel.

10.31

CreditAgreement,datedasofAugust21,2018,byandamongVince,LLCastheborrower,theguarantorsnamedtherein,CitizensBank,N.A.,asadministrativeagentandcollateralagent,andtheotherlendersfromtimetotimepartythereto(incorporatedbyreferencetoExhibit10.1totheCompany’sCurrentReportonForm8-KfiledwiththeSecuritiesandExchangeCommissiononAugust21,2018).

10.32

CreditAgreement,datedasofAugust21,2018,byandamongVince,LLCastheborrower,theguarantorsnamedtherein,CrystalFinancial,LLC,asadministrativeagentandcollateralagent,andtheotherlendersfromtimetotimepartythereto(incorporatedbyreferencetoExhibit10.2totheCompany’sCurrentReportonForm8-KfiledwiththeSecuritiesandExchangeCommissiononAugust21,2018).

10.33† FormofRestrictedStockUnitAgreementwithrespecttoRSUsgrantedtoBrendanHoffmanandDavidStefkoonMay25,2018.

10.34† FormofRestrictedStockUnitAgreementwithrespecttoRSUsgrantedpursuanttotheCompany’sannuallong-termincentiveprogram.

10.35†

FormofRestrictedStockUnitAgreementwithrespecttoRSUsgrantedpursuanttotheCompany’s2018OptionExchange(incorporatedbyreferencetoExhibit(d)(9)totheCompany’sTenderOfferStatementonScheduleTOfiledwiththeSecuritiesandExchangeCommissiononApril25,2018).

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ExhibitNumber ExhibitDescription

21.1 ListofsubsidiariesofVinceHoldingCorp.

23.1 ConsentofPricewaterhouseCoopersLLP

31.1 CEOCertificationpursuanttoSection302oftheSarbanes-OxleyActof2002

31.2 CFOCertificationpursuanttoSection302oftheSarbanes-OxleyActof2002

32.1 CEOCertificationpursuantto18U.S.C.Section1350,asadoptedpursuanttoSection906oftheSarbanes-OxleyActof2002

32.2 CFOCertificationpursuantto18U.S.C.Section1350,asadoptedpursuanttoSection906oftheSarbanes-OxleyActof2002

101 FinancialStatementsinXBRLFormat

† Indicatesexhibitsthatconstitutemanagementcontractsorcompensatoryplansorarrangements

ITEM 16. FORM 10-K SUMMARY.

None.

SIGNAT URES

PursuanttotherequirementsofSection13or15(d)oftheSecuritiesExchangeActof1934,asamended,theregistranthasdulycausedthisreporttobesignedonitsbehalfbytheundersigned,thereuntodulyauthorized. VINCEHOLDINGCORP. By: /s/BrendanHoffman Name: BrendanHoffman Title: ChiefExecutiveOfficer

PursuanttotherequirementsoftheSecuritiesExchangeActof1934,asamended,thisreporthasbeensignedbythefollowingpersonsinthecapacitiesandonthedateslisted.

Signature Title Date

/s/BrendanHoffman ChiefExecutiveOfficer(PrincipalExecutiveOfficer)(Director) April12,2019BrendanHoffman

/s/DavidStefko ExecutiveVicePresident,ChiefFinancialOfficer(PrincipalFinancialandAccountingOfficer)

April12,2019DavidStefko

/s/JonathanH.Borell Director April12,2019JonathanH.Borell

/s/RyanJ.Esko Director April12,2019RyanJ.Esko

/s/JeffM.Feinberg Director April12,2019JeffM.Feinberg

/s/JeromeGriffith Director April12,2019JeromeGriffith

/s/MarcJ.Leder Director April12,2019MarcJ.Leder

/s/MichaelMardy Director April12,2019MichaelMardy

/s/EugeniaUlasewicz Director April12,2019EugeniaUlasewicz

INDEX TO THE AUDITED CONSOL IDATED FINANCIAL STATEMENTSConsolidated Financial Statements

ReportofPricewaterhouseCoopersLLP,IndependentRegisteredPublicAccountingFirmonConsolidatedFinancialStatements F-2ConsolidatedBalanceSheets F-3ConsolidatedStatementsofOperationsandComprehensiveIncome(Loss) F-4ConsolidatedStatementsofStockholders’Equity(Deficit) F-5ConsolidatedStatementsofCashFlows F-6NotestoConsolidatedFinancialStatements F-7

Financial Statement Schedule

ScheduleII—ValuationandQualifyingAccounts F-32

Report of Independent Register ed Public Accounting FirmTotheBoardofDirectorsandStockholdersofVinceHoldingCorp.Opinion on the Financial StatementsWehaveauditedtheaccompanyingconsolidatedbalancesheetsofVinceHoldingCorp.anditssubsidiaries(the“Company”)asofFebruary2,2019andFebruary3,2018,andtherelatedconsolidatedstatementsofoperationsandcomprehensiveincome(loss),ofstockholders’equity(deficit)andofcashflowsforeachofthethreeyearsintheperiodendedFebruary2,2019,includingtherelatednotesandaccompanyingscheduleofvaluationandqualifyingaccountsforeachofthethreeyearsintheperiodendedFebruary2,2019(collectivelyreferredtoasthe“consolidatedfinancialstatements”).Inouropinion,theconsolidatedfinancialstatementspresentfairly,inallmaterialrespects,thefinancialpositionoftheCompanyasofFebruary2,2019andFebruary3,2018,andtheresultsofitsoperationsanditscashflowsforeachofthethreeyearsintheperiodendedFebruary2,2019inconformitywithaccountingprinciplesgenerallyacceptedintheUnitedStatesofAmerica.Basis for OpinionTheseconsolidatedfinancialstatementsaretheresponsibilityoftheCompany'smanagement.OurresponsibilityistoexpressanopinionontheCompany’sconsolidatedfinancialstatementsbasedonouraudits.WeareapublicaccountingfirmregisteredwiththePublicCompanyAccountingOversightBoard(UnitedStates)(PCAOB)andarerequiredtobeindependentwithrespecttotheCompanyinaccordancewiththeU.S.federalsecuritieslawsandtheapplicablerulesandregulationsoftheSecuritiesandExchangeCommissionandthePCAOB.WeconductedourauditsoftheseconsolidatedfinancialstatementsinaccordancewiththestandardsofthePCAOB.Thosestandardsrequirethatweplanandperformtheaudittoobtainreasonableassuranceaboutwhethertheconsolidatedfinancialstatementsarefreeofmaterialmisstatement,whetherduetoerrororfraud.TheCompanyisnotrequiredtohave,norwereweengagedtoperform,anauditofitsinternalcontroloverfinancialreporting.AspartofourauditswearerequiredtoobtainanunderstandingofinternalcontroloverfinancialreportingbutnotforthepurposeofexpressinganopinionontheeffectivenessoftheCompany'sinternalcontroloverfinancialreporting.Accordingly,weexpressnosuchopinion.Ourauditsincludedperformingprocedurestoassesstherisksofmaterialmisstatementoftheconsolidatedfinancialstatements,whetherduetoerrororfraud,andperformingproceduresthatrespondtothoserisks.Suchproceduresincludedexamining,onatestbasis,evidenceregardingtheamountsanddisclosuresintheconsolidatedfinancialstatements.Ourauditsalsoincludedevaluatingtheaccountingprinciplesusedandsignificantestimatesmadebymanagement,aswellasevaluatingtheoverallpresentationoftheconsolidatedfinancialstatements.Webelievethatourauditsprovideareasonablebasisforouropinion./s/PricewaterhouseCoopersLLPNewYork,NewYorkApril12,2019WehaveservedastheCompany’sauditorsince2012.

F-2

VINCE HOLDING CORP. AND SUBSIDIARIESCONSOLIDATED BALANCE SHEETS

(In thousands, except share amounts) February 2, February 3, 2019 2018 Assets Currentassets:

Cashandcashequivalents $ 118 $ 5,372Tradereceivables,net 28,896 20,760Inventories,net 53,271 48,921Prepaidexpensesandothercurrentassets 6,317 6,521

Totalcurrentassets 88,602 81,574Propertyandequipment,net 25,156 31,608Intangibleassets,net 76,501 77,099Goodwill 41,435 41,435Deferredincometaxes 203 379Otherassets 3,034 2,439Totalassets $ 234,931 $ 234,534 Liabilities and Stockholders' Equity (Deficit) Currentliabilities:

Accountspayable $ 28,787 $ 22,556Accruedsalariesandemployeebenefits 5,510 6,715Otheraccruedexpenses 8,535 7,906Currentportionoflong-termdebt 2,750 8,000

Totalcurrentliabilities 45,582 45,177Long-termdebt 42,340 40,682Deferredrent 14,636 15,633Otherliabilities 58,273 58,273 Commitmentsandcontingencies(Note5)

Stockholders'equity:

Commonstockat$0.01parvalue(100,000,000sharesauthorized,11,622,994and11,616,500sharesissuedandoutstandingatFebruary2,2019andFebruary3,2018,respectively) 116 116Additionalpaid-incapital 1,114,695 1,113,342Accumulateddeficit (1,040,646) (1,038,624)Accumulatedothercomprehensiveloss (65) (65)

Totalstockholders'equity 74,100 74,769Totalliabilitiesandstockholders'equity $ 234,931 $ 234,534

SeeaccompanyingnotestoConsolidatedFinancialStatements.

F-3

VINCE HOLDING CORP. AND SUBSIDIARIESCONSOLIDATED STATEM ENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

(In thousands, except per share data and share amounts) Fiscal Year 2018 2017 2016 Netsales $ 278,951 $ 272,582 $ 268,199Costofproductssold 148,226 150,793 145,380

Grossprofit 130,725 121,789 122,819Impairmentofgoodwillandindefinite-livedintangibleasset — — 53,061Selling,generalandadministrativeexpenses 126,586 140,106 134,430

Income(loss)fromoperations 4,139 (18,317) (64,672)Interestexpense,net 5,882 5,540 3,932Otherexpense(income),net 225 (81,882) 329

(Loss)incomebeforeincometaxes (1,968) 58,025 (68,933)Provision(benefit)forincometaxes 54 (572) 93,726Net(loss)incomeandcomprehensive(loss)income $ (2,022) $ 58,597 $ (162,659)Earnings (loss) per share:

Basic(loss)earningspershare $ (0.17) $ 7.70 $ (35.04)Diluted(loss)earningspershare $ (0.17) $ 7.70 $ (35.04)

Weighted average shares outstanding: Basic 11,619,828 7,605,822 4,642,053Diluted 11,619,828 7,608,427 4,642,053

SeeaccompanyingnotestoConsolidatedFinancialStatements.

F-4

VINCE HOLDING CORP. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (DEFICIT)

(In thousands, except share amounts) Common Stock

Number ofShares

Outstanding Par

Value Additional

Paid-In Capital Accumulated

Deficit Accumulated OtherComprehensive Loss

TotalStockholders'

Equity (Deficit) Balance as of January 30, 2016 3,677,941 $ 37 $ 1,013,008 $ (934,478) $ (65) $ 78,502Comprehensiveloss:

Netloss — — — (162,659) — (162,659)Commonstockissuance,netofcertaincosts 1,181,818 12 64,098 — — 64,110Share-basedcompensationexpense — — 1,344 — — 1,344Exerciseofstockoptionsandissuanceofcommonstockunderemployeestockpurchaseplan 81,543 — 4,722 — — 4,722Restrictedstockunitvestings 1,458 — — — — —Balance as of January 28, 2017 4,942,760 49 1,083,172 (1,097,137) (65) (13,981)Comprehensiveincome:

Netincome — — — 58,597 — 58,597Commonstockissuance,netofcertaincosts 6,666,666 67 28,906 — — 28,973Share-basedcompensationexpense — — 1,138 — — 1,138Exerciseofstockoptionsandissuanceofcommonstockunderemployeestockpurchaseplan 4,244 — 42 — — 42Restrictedstockunitvestings 3,137 — — — — —Sharescancelledasaresultofthereversestocksplit (307) — — — — —Cumulativeeffectoftheadoptionofnewaccountingpronouncement — — 84 (84) — —Balance as of February 3, 2018 11,616,500 116 1,113,342 (1,038,624) (65) 74,769Comprehensiveincome:

Netloss — — — (2,022) — (2,022)Share-basedcompensationexpense — — 1,335 — — 1,335Exerciseofstockoptionsandissuanceofcommonstockunderemployeestockpurchaseplan 1,654 — 18 — — 18Restrictedstockunitvestings 4,840 — — — — —Balance as of February 2, 2019 11,622,994 $ 116 $ 1,114,695 $ (1,040,646) $ (65) $ 74,100

SeeaccompanyingnotestoConsolidatedFinancialStatements.

F-5

VINCE HOLDING CORP. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF CASH FLOWS

(In thousands) Fiscal Year 2018 2017 2016 Operating activities Net(loss)income $ (2,022) $ 58,597 $ (162,659)Add(deduct)itemsnotaffectingoperatingcashflows:

Inventories (4,350) (10,392) (1,953)Prepaidexpensesandothercurrentassets 633 (1,738) 544Accountspayableandaccruedexpenses 5,634 (9,785) (24,414)Otherassetsandliabilities — (711) (25)

Netcashprovidedby(usedin)operatingactivities 3,575 (40,372) (29,714)Investing activities

Paymentsforcapitalexpenditures (3,070) (3,379) (14,287)Netcashusedininvestingactivities (3,070) (3,379) (14,287)Financingactivities

Netcash(usedin)providedbyfinancingactivities (5,821) 28,160 58,695(Decrease)increaseincash,cashequivalents,andrestrictedcash (5,316) (15,591) 14,694Cash,cashequivalents,andrestrictedcash,beginningofperiod 5,445 21,036 6,342Cash,cashequivalents,andrestrictedcash,endofperiod 129 5,445 21,036 Supplemental Disclosures of Cash Flow Information CashpaymentsonTaxReceivableAgreementobligation 351 — 29,700Cashpaymentsforinterest $ 4,482 $ 4,682 $ 2,952Cashpaymentsforincometaxes,netofrefunds (9) (239) 330Supplemental Disclosures of Non-Cash Investing and Financing Activities Capitalexpendituresinaccountspayableandaccruedliabilities 41 20 1,054

SeeaccompanyingnotestoConsolidatedFinancialStatements.

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VINCE HOLDING CORP. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(In thousands, except per share data and share amounts)

Note 1. Description of Business and Summary of Significant Accounting Policies

OnNovember27,2013,VinceHoldingCorp.(“VHC”orthe“Company”),previouslyknownasApparelHoldingCorp.,closedaninitialpublicoffering(“IPO”)ofitscommonstockandcompletedaseriesofrestructuringtransactions(the“RestructuringTransactions”)throughwhichKellwoodHolding,LLCacquiredthenon-Vincebusinesses,whichincludedKellwoodCompany,LLC(“KellwoodCompany”orKellwood”),fromtheCompany.TheCompanycontinuestoownandoperatetheVincebusiness,whichincludesVince,LLC.

PriortotheIPOandtheRestructuringTransactions,VHCwasadiversifiedapparelcompanyoperatingabroadportfoliooffashionbrands,whichincludedtheVincebusiness.AsaresultoftheIPOandRestructuringTransactions,thenon-VincebusinesseswereseparatedfromtheVincebusiness,andthestockholdersimmediatelypriortotheconsummationoftheRestructuringTransactions(the“Pre-IPOStockholders”)(throughtheirownershipofKellwoodHolding,LLC)retainedthefullownershipandcontrolofthenon-Vincebusinesses.TheVincebusinessisnowthesoleoperatingbusinessofVHC.

(A)Description of Business :Establishedin2002,Vinceisagloballuxuryapparelandaccessoriesbrandbestknownforcreatingelevatedyetunderstatedpiecesforeveryday.Thecollectionsareinspiredbythebrand’sCaliforniaoriginsandembodyafeelingofwarmandeffortlessstyle.Vincedesignsuncomplicatedyetrefinedpiecesthatapproachdressingwithasenseofease.Knownforitsrangeofluxuryproducts,Vinceofferswomen’sandmen’sready-to-wearandfootwear,aswellascapsulecollectionofhandbags,fragranceandhomeforagloballifestyle.Vinceproductsaresoldinprestigelocationsworldwide.TheCompanyreachesitscustomersthroughavarietyofchannels,specificallythroughmajorwholesaledepartmentstoresandspecialtystoresintheUnitedStates(“U.S.”)andselectinternationalmarkets,aswellasthroughtheCompany’sbrandedretaillocationsandtheCompany’swebsite.TheCompanydesignsproductsintheU.S.andsourcesthevastmajorityofproductsfromcontractmanufacturersoutsidetheU.S.,primarilyinAsia.ProductsaremanufacturedtomeettheCompany’sproductspecificationsandlaborstandards.

(B)Basis of Presentation :TheaccompanyingconsolidatedfinancialstatementshavebeenpreparedinconformitywithaccountingprinciplesgenerallyacceptedintheUnitedStatesofAmerica(“GAAP”)andtherulesandregulationsoftheU.S.SecuritiesandExchangeCommission(“SEC”).

TheconsolidatedfinancialstatementsincludetheCompany’saccountsandtheaccountsoftheCompany’swholly-ownedsubsidiariesasofFebruary2,2019.Allintercompanyaccountsandtransactionshavebeeneliminatedinconsolidation.Intheopinionofmanagement,thefinancialstatementscontainalladjustments(consistingsolelyofnormalrecurringadjustments)anddisclosuresnecessaryforafairstatement.

Certainreclassificationshavebeenmadetothepriorperiods’financialinformationinordertoconformtothecurrentperiod’spresentation.Thereclassificationhadnoimpactonpreviouslyreportednetincomeorstockholders’equity.

(C)Fiscal Year :TheCompanyoperatesonafiscalcalendarwidelyusedbytheretailindustrythatresultsinagivenfiscalyearconsistingofa52or53-weekperiodendingontheSaturdayclosesttoJanuary31.

• Referencesto“fiscalyear2018”or“fiscal2018”refertothefiscalyearendedFebruary2,2019;

• Referencesto“fiscalyear2017”or“fiscal2017”refertothefiscalyearendedFebruary3,2018;and

• Referencesto“fiscalyear2016”or“fiscal2016”refertothefiscalyearendedJanuary28,2017.

Fiscal2017consistedofa53-weekperiod.Fiscalyears2018and2016consistedofa52-weekperiod.

(D)Reverse Stock Split: AtthecloseofbusinessonOctober23,2017,theCompanyeffecteda1-for-10reversestocksplit(the“ReverseStockSplit”).TheCompany’scommonstockbegantradingonasplit-adjustedbasiswhenthemarketopenedonOctober24,2017.PursuanttotheReverseStockSplit,every10sharesoftheCompany’sissuedandoutstandingcommonstockwereautomaticallyconvertedintooneshareofcommonstock.Nofractionalshareswereissuedif,asaresultoftheReverseStockSplit,astockholderwouldotherwisehavebeenentitledtoafractionalshare.Instead,eachstockholderwasentitledtoreceiveacashpayment

F-7

basedonapre-splitcashinlieurateof$0.48,whichwastheaverageclosingpricepershareontheNewYorkStockExchangeforthefiveconsecutivetradingdaysimmediatelyprecedingOctober23,2017.

TheaccompanyingfinancialstatementsandnotestothefinancialstatementsgiveretroactiveeffecttotheReverseStockSplitforallperiodspresented,unlessotherwisenoted.Thecalculationofbasicanddilutednetearnings(loss)pershare,aspresentedintheconsolidatedstatementsofoperations,havebeendeterminedbasedonaretroactiveadjustmentofweightedaveragesharesoutstandingforallperiodspresented.Toreflectthereversestocksplitonshareholders’equity,theCompanyreclassifiedanamountequaltotheparvalueofthereducedsharesfromthecommonstockparvalueaccounttotheadditionalpaidincapitalaccount,resultinginnonetimpacttoshareholders'equityontheConsolidatedBalanceSheets.

(E)Sources and Uses of Liquidity :TheCompany’ssourcesofliquidityarecashandcashequivalents,cashflowsfromoperations,ifany,borrowingsavailableunderthe2018RevolvingCreditFacilityandtheCompany’sabilitytoaccesscapitalmarkets.TheCompany’sprimarycashneedsarefundingworkingcapitalrequirements,meetingdebtservicerequirements,payingamountsdueundertheTaxReceivableAgreementandcapitalexpendituresfornewstoresandrelatedleaseholdimprovements.

(F)Use of Estimates :ThepreparationofconsolidatedfinancialstatementsinconformitywithGAAPrequiresthatmanagementmakeestimatesandassumptionsthataffectthereportedamountsofassetsandliabilitiesanddisclosureofcontingentassetsandliabilitiesatthedateofthefinancialstatementswhichaffectrevenuesandexpensesduringtheperiodreported.Estimatesareadjustedwhennecessarytoreflectactualexperience.Significantestimatesandassumptionsmayaffectmanyitemsinthefinancialstatements.Actualresultscoulddifferfromestimatesandassumptionsinamountsthatmaybematerialtotheconsolidatedfinancialstatements.

Significantestimatesinherentinthepreparationoftheconsolidatedfinancialstatementsincludeaccountsreceivableallowances,customerreturns,therealizabilityofinventory,reservesforcontingencies,usefullivesandimpairmentsoflong-livedtangibleandintangibleassets,TaxReceivableAgreementobligation,andaccountingforincometaxesandrelateduncertaintaxpositions,amongothers.

(G)Cash and cash equivalents :Alldemanddepositsandhighlyliquidshort-termdepositswithoriginalmaturitiesofthreemonthsorlessareconsideredcashequivalents.

(H)Accounts Receivable and Concentration of Credit Risk :TheCompanymaintainsanallowanceforaccountsreceivableestimatedtobeuncollectible.Theprovisionforbaddebtsisincludedinselling,generalandadministrativeexpense.SubstantiallyalloftheCompany’stradereceivablesarederivedfromsalestoretailersandarerecordedattheinvoicedamountanddonotbearinterest.TheCompanyperformsongoingcreditevaluationsofitswholesalepartners’financialconditionandrequirescollateralasdeemednecessary.Thepastduestatusofareceivableisbasedonitscontractualterms.Accountbalancesarechargedoffa*gainsttheallowancewhenitisprobablethereceivablewillnotbecollected.

Accountsreceivablearerecordednetofallowancesincludingexpectedfuturechargebacksfromwholesalepartnersandestimatedmarginsupport.ItisthenatureoftheapparelandfashionindustrythatsupplierssimilartotheCompanyfacesignificantpressurefromcustomersintheretailindustrytoprovideallowancestocompensateforwholesalepartnermarginshortfalls.ThispressureoftentakestheformofcustomersrequiringtheCompanytoprovidepriceconcessionsonpriorshipmentsasaprerequisiteforobtainingfutureorders.Pressurefortheseconcessionsislargelydeterminedbyoverallretailsalesperformanceand,morespecifically,theperformanceoftheCompany’sproductsatretail.TotheextenttheCompany’swholesalepartnershavemoreoftheCompany’sgoodsonhandattheendoftheseason,therewillbegreaterpressurefortheCompanytograntmarkdownconcessionsonpriorshipments.Accountsreceivablebalancesarereportednetofexpectedallowancesforthesemattersbasedonthehistoricallevelofconcessionsrequiredandestimatesofthelevelofmarkdownsandallowancesthatwillberequiredinthecomingseason.TheCompanyevaluatestheallowancebalancesonacontinualbasisandadjuststhemasnecessarytoreflectchangesinanticipatedallowanceactivity.TheCompanyalsoprovidesanallowanceforsalesreturnsbasedonknowntrendsandhistoricalreturnrates.

Infiscal2018,salestotwowholesalepartneraccountedformorethantenpercentoftheCompany’snetsales.Thesesalesrepresented33.7%offiscal2018netsales.Infiscal2017,salestoonewholesalepartneraccountedformorethantenpercentoftheCompany’snetsales.Thesesalesrepresented21.9%offiscal2017netsales.Infiscal2016,salestothreewholesalepartnerseachaccountedformorethantenpercentoftheCompany’snetsales.Thesesalesrepresented19.6%,14.4%and10.8%offiscal2016netsales.

ThreewholesalepartnerseachrepresentedgreaterthantenpercentoftheCompany’sgrossaccountsreceivablebalanceasofFebruary2,2019,withacorrespondingaggregatetotalof67.0%ofsuchbalance.ThreewholesalepartnerseachrepresentedgreaterthantenpercentoftheCompany’sgrossaccountsreceivablebalanceasofFebruary3,2018,withacorrespondingaggregatetotalof49.4%ofsuchbalance.

(I)Inventories :Inventoriesarestatedatthelowerofcostornetrealizablevalue.Costisdeterminedonthefirst-in,first-outbasis.Thecostofinventoryincludespurchasecostaswellassourcing,transportation,dutyandotherprocessingcostsassociatedwithacquiring,importingandpreparinginventoryforsale.Inventorycostsareincludedincostofproductssoldatthetimeoftheirsale.

F-8

Productdevelopmentcostsareexpensedinselling,generalandadministrativeexpensewhenincurred.Inventoryvaluesarereducedtonetrealizablevaluewhentherearefactorsindicatingthatcertaininventorieswillnotbesoldontermssufficienttorecovertheircost.Inventoriesconsistedoffinishedgoods.AsofFebruary2,2019andFebruary3,2018,finishedgoods,netofreserveswere$53,271and$48,921,respectively.

(J)Property and Equipment :Propertyandequipmentarestatedatcost.Depreciationiscomputedonthestraight-linemethodoverestimatedusefullivesofthreetosevenyearsforfurniture,fixtures,andequipment.Leaseholdimprovementsaredepreciatedonthestraight-linebasisovertheshorteroftheirestimatedusefullivesortheleaseterm,excludingrenewalterms.Capitalizedsoftwareisdepreciatedonthestraight-linebasisovertheestimatedeconomicusefullifeofthesoftware,generallythreetosevenyears.Maintenanceandrepaircostsarechargedtoearningswhileexpendituresformajorrenewalsandimprovementsarecapitalized.Uponthedispositionofpropertyandequipment,theaccumulateddepreciationisdeductedfromtheoriginalcostandanygainorlossisreflectedincurrentearnings.Propertyandequipmentconsistedofthefollowing:

February 2, February 3, (in thousands) 2019 2018 Leaseholdimprovements $ 36,284 $ 37,307Furniture,fixturesandequipment 11,447 11,985Capitalizedsoftware 10,677 11,239Constructioninprocess 124 71Totalpropertyandequipment 58,532 60,602Less:accumulateddepreciation (33,376) (28,994)Propertyandequipment,net $ 25,156 $ 31,608

Depreciationexpensewas$7,379,$8,480and$7,070forfiscal2018,fiscal2017andfiscal2016,respectively.

(K)Impairment of Long-lived Assets :TheCompanyreviewslong-livedassetswithafinitelifeforexistenceoffactsandcirc*mstanceswhichindicatethattheusefullifeisshorterthanpreviouslyestimatedorthatthecarryingamountofsuchassetsmaynotberecoverablefromfutureoperationsbasedonundiscountedexpectedfuturecashflows.Impairmentlossesarethenrecognizedinoperatingresultstotheextentdiscountedexpectedfuturecashflowsarelessthanthecarryingvalueoftheasset.Thelong-livedassetimpairmenttestisdependentonanumberoffactors,includingestimatesoffuturegrowth,profitabilityandcashflows,discountratesandothervariables.Duringfiscal2018,fiscal2017andfiscal2016,theCompanyrecordednon-cashassetimpairmentchargesof$1,684,$5,111and$2,082withinSelling,generalandadministrativeexpensesintheConsolidatedStatementsofOperations,relatedtotheimpairmentofcertainretailstoreswithassetcarryingvaluesthatweredeterminednottoberecoverableandexceededfairvalue.

(L)Goodwill and Other Intangible Assets :Goodwillandotherindefinite-livedintangibleassetsaretestedforimpairmentatleastannuallyandinan

interimperiodifatriggeringeventoccurs.TheCompanycompleteditsannualimpairmenttestingonitsgoodwillandindefinite-livedintangibleassetduringthefourthquartersoffiscal2018,fiscal2017andfiscal2016.GoodwillisnotallocatedtotheCompany’soperatingsegmentsinthemeasureofsegmentassetsregularlyreportedtoandusedbymanagement,howevergoodwillisallocatedtooperatingsegments(goodwillreportingunits)forthepurposeoftheannualimpairmenttestforgoodwill.

Goodwillrepresentstheexcessofthecostofacquiredbusinessesoverthefairmarketvalueoftheidentifiablenetassets.Theindefinite-livedintangibleassetistheVincetradename.

Anentitymayelecttoperformaqualitativeimpairmentassessmentforgoodwillandindefinite-livedintangibleassets.Ifadversequalitativetrendsareidentifiedduringthequalitativeassessmentthatindicatethatitismorelikelythannotthatthefairvalueofareportingunitorindefinite-livedintangibleassetislessthanitscarryingamount,aquantitativeimpairmenttestisrequired.“Stepone”ofthequantitativeimpairmenttestforgoodwillrequiresanentitytodeterminethefairvalueofeachreportingunitandcomparesuchfairvaluetotherespectivecarryingamount.Iftheestimatedfairvalueofthereportingunitexceedsthecarryingvalueofthenetassetsassignedtothatreportingunit,goodwillisnotimpaired,andtheCompanyisnotrequiredtoperformfurthertesting.InaccordancewithnewaccountingguidanceadoptedonJanuary29,2017,ifthecarryingamountofthereportingunitexceedsitsestimatedfairvalue,animpairmentlossisrecordedfortheamountbywhichareportingunit’scarryingvalueexceedsitsfairvalue,nottoexceedthecarryingamountofgoodwill.Priortotheadoptionofthenewaccountingguidance,ifthecarryingamountofthereportingunitexceededitsestimatedfairvalue,“steptwo”oftheimpairmenttestwasperformedinordertodeterminetheamountoftheimpairmentloss.“Steptwo”ofthegoodwillimpairmenttestincludedvaluingthetangibleandintangibleassetsoftheimpairedreportingunitbasedonthefairvaluedeterminedin“stepone”andcalculatingthefairvalueoftheimpairedreportingunit'sgoodwillbasedupontheresidualofthesummedidentifiedtangibleandintangibleassetsandliabilities.Thegoodwillimpairmenttestisdependentonanumberoffactors,includingestimatesoffuturegrowth,profitabilityandcashflows,discountratesandother

F-9

variables.TheCompanybasesitsestimatesonassumptionsitbelievestobereasonable,butwhichareunpredictableandinherentlyuncertain.Actualfutureresultsmaydifferfromthoseestimates.

TheCompanyestimatesthefairvalueofthetradenameintangibleassetusingadiscountedcashflowvaluationanalysis,whichisbasedonthe“relieffromroyalty”methodology.Thismethodologyassumesthatinlieuofownership,athirdpartywouldbewillingtopayaroyaltyinordertoexploittherelatedbenefitsofthesetypesofassets.Therelieffromroyaltyapproachisdependentonanumberoffactors,includingestimatesoffuturegrowth,royaltyratesinthecategoryofintellectualproperty,discountratesandothervariables.TheCompanybasesitsfairvalueestimatesonassumptionsitbelievestobereasonable,butwhichareunpredictableandinherentlyuncertain.Actualfutureresultsmaydifferfromthoseestimates.TheCompanyrecognizesanimpairmentlosswhentheestimatedfairvalueofthetradenameintangibleassetislessthanthecarryingvalue.

Infiscal2018,theCompanyelectedtoperformaqualitativeimpairmenttestongoodwillandconcludedthatitismorelikelythannotthatthefairvalueoftheCompany’sWholesalereportingunitexceedsitscarryingvalueandthegoodwillisnotimpaired.

Infiscal2017,theCompanyelectedtoperformaquantitativeimpairmenttestongoodwill.Theresultsofthequantitativetestdidnotresultinanyimpairmentofgoodwill,whichamountedto$41,435asofFebruary3,2018,becausethefairvalueoftheCompany’sWholesalereportingunitexceededitscarryingvaluebyapproximately35%.Significantassumptionsutilizedinthediscountedcashflowanalysisincludedadiscountrateof15.0%.Significantassumptionsutilizedinamarket-basedapproachweremarketmultiplesrangingfrom1.10xto1.16x.

Infiscal2016,aquantitativeimpairmenttestongoodwilldeterminedthatthefairvalueoftheDirect-to-consumerreportingunitwasbelowitscarryingvalue.Duringfiscal2016,thesalesresultswithintheDirect-to-consumerreportingunitwereimpactedbycontinueddeclinesinaverageordervaluesaswellasdeclinesinthenumberoftransactionsduetolowerconversionratesandreducedtrafficandasaresult,theDirect-to-consumerreportingunitdidnotmeetexpectationsresultinginlowercurrentandexpectedfuturecashflows.TheCompanyestimatedthefairvalueofitsDirect-to-consumerreportingunitusingboththeincomeandmarketvaluationapproaches,withaweightingof80%and20%,respectively.“Stepone”oftheassessmentdeterminedthatthefairvalueoftheDirect-to-consumerreportingunitwasbelowthecarryingamountbyapproximately40%.Accordingly,“steptwo”oftheassessmentwasperformed,whichcomparedtheimpliedfairvalueofthegoodwilltothecarryingvalueofsuchgoodwillbyperformingahypotheticalpurchasepriceallocationusingthefairvalueofthereportingunitdeterminedin“stepone”.Basedontheresultsfrom“steptwo,”theCompanyrecordedagoodwillimpairmentchargeof$22,311,towrite-offallofthegoodwillintheDirect-to-consumerreportingunit.ThechargewasrecordedinImpairmentofgoodwillandindefinite-livedintangibleassetintheConsolidatedStatementsofOperations,duringthefourthquarteroffiscal2016.Additionally,theresultsof“stepone”oftheassessmentdeterminedthatthefairvalueoftheWholesalereportingunitexceededitscarryingamountbyapproximately40%andthereforedidnotresultinanyimpairmentofgoodwill,whichamountedto$41,435asofJanuary28,2017.Significantassumptionsutilizedinthediscountedcashflowanalysisincludedadiscountrateof16.0%.Significantassumptionsutilizedinamarket-basedapproachweremarketmultiplesrangingfrom0.50xto0.90xfortheCompany’sreportingunits.

Infiscal2017,theCompanyelectedtoperformaquantitativeassessmentonitstradenameintangibleasset.TheresultsofthequantitativetestdidnotresultinanyimpairmentbecausethefairvalueoftheCompany’stradenameintangibleassetexceededitscarryingvalue.Theestimateoffairvalueofthetradenameintangibleassetwasdeterminedusingadiscountedcashflowvaluationanalysis,whichwasbasedonthe“relieffromroyalty”methodology.Discountrateassumptionswerebasedonanassessmentoftheriskinherentintheprojectedfuturecashflowsgeneratedbytheintangibleasset.Alsosubjecttojudgmentareassumptionsaboutroyaltyrates,whichwerebasedontheestimatedratesatwhichsimilartradenamesarebeinglicensedinthemarketplace.

Infiscal2016,aquantitativeassessmentoftheCompany’stradenameintangibleassetdeterminedthatthefairvalueofitstradenameintangibleassetwasbelowitscarryingvalue.Duringfiscal2016,theCompany’ssalesresultsdidnotmeetexpectationsresultinginlowercurrentandexpectedfuturecashflows.TheCompanyestimatedthefairvalueofitstradenameintangibleassetusingadiscountedcashflowvaluationanalysis,whichisbasedonthe“relieffromroyalty”methodologyanddeterminedthatthefairvalueofthetradenameintangibleassetwasbelowthecarryingamountbyapproximately30%.Accordingly,theCompanyrecordedanimpairmentchargeforitstradenameintangibleassetof$30,750,whichwasrecordedinImpairmentofgoodwillandindefinite-livedintangibleassetintheConsolidatedStatementsofOperations,duringthefourthquarteroffiscal2016.

Determiningthefairvalueofgoodwillandotherintangibleassetsisjudgmentalinnatureandrequirestheuseofsignificantestimatesandassumptions,includingrevenuegrowthratesandoperatingmargins,discountratesandfuturemarketconditions,amongothers.Itispossiblethatestimatesoffutureoperatingresultscouldchangeadverselyandimpacttheevaluationoftherecoverabilityofthecarryingvalueofgoodwillandintangibleassetsandthattheeffectofsuchchangescouldbematerial.

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Definite-livedintangibleassetsarecomprisedofcustomerrelationshipsandarebeingamortizedonastraight-linebasisovertheirusefullivesof20years.

SeeNote2“GoodwillandIntangibleAssets”formoreinformationonthedetailssurroundinggoodwillandintangibleassets.

(M)Deferred Financing Costs :Deferredfinancingcosts,suchasunderwriting,financialadvisory,professionalfees,andothersimilarfeesarecapitalizedandrecognizedininterestexpenseoverthecontractuallifeoftherelateddebtinstrumentusingthestraight-linemethod,asthismethodresultsinrecognitionofinterestexpensethatismateriallyconsistentwiththatoftheeffectiveinterestmethod.

(N)Deferred Rent and Deferred Lease Incentives :TheCompanyleasesvariousofficespaces,showroomsandretailstores.Manyoftheseoperatingleasescontainpredeterminedfixedescalationsoftheminimumrentalsduringtheoriginaltermofthelease.Fortheseleases,theCompanyrecognizestherelatedrentalexpenseonastraight-linebasisoverthelifeoftheleaseandrecordsthedifferencebetweentheamountchargedtooperationsandamountspaidasdeferredrent.CertainoftheCompany’sretailstoreleasescontainprovisionsforcontingentrent,typicallyapercentageofretailsalesonceapredeterminedthresholdhasbeenmet.Theseamountsareexpensedasincurred.Additionally,theCompanyreceivesleaseincentivesincertainleases.Theseallowanceshavebeendeferredandareamortizedonastraight-linebasisoverthelifeoftheleaseasareductionofrentexpense.

(O)Revenue Recognition :TheCompanyrecognizesrevenuewhenperformanceobligationsidentifiedunderthetermsofcontractswithitscustomersare

satisfied,whichgenerallyoccursuponthetransferofcontrolinaccordancewiththecontractualtermsandconditionsofthesale.SalesarerecognizedwhenthecontrolofthegoodsaretransferredtothecustomerfortheCompany’swholesalebusiness,uponreceiptbythecustomerfortheCompany’se-commercebusiness,andatthetimeofsaletotheconsumerfortheCompany’sretailbusiness.SeeNote11“SegmentInformation”fordisaggregatedrevenueamountsbysegment.

Revenueassociatedwithgiftcardsisrecognizeduponredemptionandunredeemedbalancesareconsideredcontractliabilityandrecordedwithinother

accruedexpenses,whicharesubjecttoescheatmentwithinthejurisdictionsinwhichitoperates.AsofFebruary2,2019andFebruary3,2018,contractliabilitywas$1,361and$1,229,respectively.Infiscal2018,theCompanyrecognized$331ofrevenuethatwaspreviouslyincludedincontractliabilityasofFebruary3,2018.

Amountsbilledtocustomersforshippingandhandlingcostsarenotmaterial.Suchshippingandhandlingcostsareaccountedforasafulfillmentcostand

areincludedincostofproductssold.SalestaxesthatarecollectedbytheCompanyfromacustomerareexcludedfromrevenue.SalesaremeasuredastheamountofconsiderationtheCompanyexpectstoreceiveinexchangefortransferringgoods,whichincludesestimatesforvariable

consideration.Variableconsiderationmainlyincludesdiscounts,chargebacks,markdownallowances,cooperativeadvertisingprograms,andsalesreturns.Estimatedamountsofdiscounts,chargebacks,markdownallowances,cooperativeadvertisingprograms,andsalesreturnsareaccountedforasreductionsofsaleswhentheassociatedsaleoccurs.Theseestimatedamountsareadjustedperiodicallybasedonchangesinfactsandcirc*mstanceswhenthechangesbecomeknown.OntheCompany’sconsolidatedbalancesheet,reservesforsalesreturnsareincludedwithinotheraccruedliabilities,andthevalueofinventoryassociatedwithreservesforsalesreturnsareincludedinprepaidexpensesandothercurrentassets.TheCompanycontinuestoestimatetheamountofsalesreturnsbasedonknowntrendsandhistoricalreturnrates.

ThefollowingtablesummarizestheimpactsofadoptingTopic606ontheCompany’sconsolidatedbalancesheetasofFebruary2,2019.

Impact of changes in accounting standard As Balances without

(in thousands) reported Adjustments adoption of Topic 606 Assets Tradereceivables,net 28,896 (1,524) 27,372Prepaidexpensesandothercurrentassets 6,317 (1,410) 4,907 Liabilities Otheraccruedexpenses 8,535 (2,934) 5,601

F-11

(P)Cost of Products Sold :TheCompany’scostofproductssoldandgrossmarginsmaynotnecessarilybecomparabletothatofotherentitiesasaresultofdifferentpracticesincategorizingcosts.TheprimarycomponentsoftheCompany’scostofproductssoldareasfollows:

• thecostofpurchasedmerchandise,includingrawmaterials;

• thecostofinboundtransportation,includingfreight;

• thecostoftheCompany’sproductionandsourcingdepartments;

• otherprocessingcostsassociatedwithacquiringandpreparingtheinventoryforsale;and

• shrinkandvaluationreserves.

(Q)Marketing and Advertising :TheCompanyprovidescooperativeadvertisingallowancestocertainofitscustomers.Theseallowancesareaccountedforasreductionsinsalesasdiscussedin“RevenueRecognition”above.Productionexpenserelatedtocompany-directedadvertisingisdeferreduntilthefirsttimeatwhichtheadvertisem*ntruns.Allotherexpensesrelatedtocompany-directedadvertisingareexpensedasincurred.Marketingandadvertisingexpenserecordedinselling,generalandadministrativeexpenseswas$10,628,$8,939and$8,156infiscal2018,fiscal2017andfiscal2016,respectively.AtFebruary2,2019andFebruary3,2018,deferredproductionexpensesassociatedwithcompany-directedadvertisingwere$635and$415,respectively.

(R)Share-Based Compensation: New,modifiedandunvestedshare-basedpaymenttransactionswithemployees,suchasstockoptionsandrestrictedstockunits,aremeasuredatfairvalueandrecognizedascompensationexpenseovertherequisiteserviceperiodandisincludedasacomponentofSelling,generalandadministrativeexpensesintheConsolidatedStatementsofOperations.Additionally,share-basedawardsgrantedtonon-employeesareexpensedovertheperiodinwhichtherelatedservicesarerenderedattheirfairvalue,usingtheBlackScholesPricingModeltodeterminefairvalue.Forfeituresareaccountedforastheyoccur.

(S)Income Taxes :TheCompanyaccountsforincometaxesusingtheassetandliabilitymethod.Underthismethod,deferredtaxassetsandliabilitiesarerecognizedforthefuturetaxconsequencesoftemporarydifferencesbetweenthecarryingamountsandtaxbasesofassetsandliabilitiesatenactedrates.TheCompanyassessesthelikelihoodoftherealizationofdeferredtaxassetsandadjuststhecarryingamountofthesedeferredtaxassetsbyavaluationallowancetotheextenttheCompanybelievesitmorelikelythannotthatalloraportionofthedeferredtaxassetswillnotberealized.Manyfactorsareconsideredwhenassessingthelikelihoodoffuturerealizationofdeferredtaxassets,includingrecentearningsresultswithintaxingjurisdictions,expectationsoffuturetaxableincome,thecarryforwardperiodsavailableandotherrelevantfactors.Changesintherequiredvaluationallowancearerecordedinincomeintheperiodsuchdeterminationismade.TheCompanyrecognizestaxpositionsintheConsolidatedBalanceSheetsasthelargestamountoftaxbenefitthatisgreaterthan50%likelyofbeingrealizeduponultimatesettlementwithtaxauthoritiesassumingfullknowledgeofthepositionandallrelevantfacts.AccruedinterestandpenaltiesrelatedtounrecognizedtaxbenefitsareincludedinincometaxesintheConsolidatedStatementsofOperations.

(T)Earnings Per Share :Basicearnings(loss)pershareiscalculatedbydividingnetincome(loss)bytheweightedaveragenumberofsharesofcommonstockoutstandingduringtheperiod.Exceptwhentheeffectwouldbeanti-dilutive,dilutedearningspershareiscalculatedbasedontheweightedaveragenumberofsharesofcommonstockoutstandingplusthedilutiveeffectofshare-basedawardscalculatedunderthetreasurystockmethod.

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(U)Recent Accounting Pronouncements :

Recently Adopted Accounting Pronouncements

InNovember2016,theFinancialAccountingStandardsBoard(“FASB”)issuedAccountingStandardsUpdate(“ASU”)No.2016-18,“Statementofcashflows(Topic230):Restrictedcash”.Thisguidancerequiresthestatementofcashflowstoexplainthechangeduringtheperiodinthetotalofcash,cashequivalents,andamountsgenerallydescribedasrestrictedcashorrestrictedcashequivalents.Therefore,amountsgenerallydescribedasrestrictedcashandrestrictedcashequivalentsshouldbeincludedwithcashandcashequivalentswhenreconcilingthebeginning-of-periodandend-of-periodtotalamountsshownonthestatementofcashflows.TheCompanyadoptedthisguidanceinthefirstquarteroffiscal2018usingtheretrospectivetransitionmethodtoeachperiodpresented.TheCompany’srestrictedcashisreservedforpaymentsforclaimsforitsinsuranceprogram,whichisincludedinprepaidexpensesandothercurrentassetsontheCompany’sconsolidatedbalancesheets.Thefollowingtableprovidesareconciliationofcash,cashequivalents,andrestrictedcashreportedwithintheconsolidatedbalancesheetstotheconsolidatedstatementofcashflows.

February 2, February 3, (in thousands) 2019 2018 Cashandcashequivalents $ 118 $ 5,372 Restrictedcash 11 73 TotalCash,cashequivalents,andrestrictedcash $ 129 $ 5,445

InMay2014,theFASBissuedASUNo.2014-09,“RevenuefromContractswithCustomers”.Thisguidanceonrevenuerecognitionaccountingrequiresentitiestorecognizerevenuewhenpromisedgoodsorservicesaretransferredtocustomersandinanamountthatreflectstheconsiderationtowhichtheentityexpectstobeentitledinexchangeforthosegoodsorservices.Sinceitsissuance,theFASBhasamendedseveralaspectsofthenewguidance.TheCompanyadoptedthisguidanceinthefirstquarteroffiscal2018usingthemodifiedretrospectivecumulativeeffecttransitionmethod.Therefore,thecomparativeinformationhasnotbeenadjustedandcontinuestobereportedunderTopic605.Theimpacttothefinancialstatementsofthisadoptionareprimarilyrelatedtobalancesheetreclassification,includingamountsassociatedwiththechangeinbalancesheetclassificationofthesalesreturnsreserves,withnomaterialimpacttothestatementofoperationsandcomprehensivelossastheCompany’sexistingrevenuerecognitionpoliciesareinlinewiththenewguidance.Pleasereferto(O)RevenueRecognitionfordetaileddiscussion.

InJanuary2017,theFinancialAccountingStandardsBoard(“FASB”)issuedguidancetosimplifytheaccountingforgoodwillimpairment.Theguidanceremoves“steptwo”ofthegoodwillimpairmenttest,whichrequiresahypotheticalpurchasepriceallocation.Agoodwillimpairmentwillnowbetheamountbywhichareportingunit’scarryingvalueexceedsitsfairvalue,nottoexceedthecarryingamountofgoodwill.TheguidanceiseffectiveforinterimandannualimpairmenttestsinfiscalyearsbeginningafterDecember15,2019.EarlyadoptionispermittedforinterimorannualgoodwillimpairmenttestsperformedontestingdatesafterJanuary1,2017.TheCompanyadoptedthisguidanceonJanuary29,2017.

InMarch2016,theFASBissuedguidanceregardingshare-basedcompensation,tosimplifytheaccountingforshare-basedpaymenttransactions,includingaccountingforforfeitures,incometaxconsequences,classificationofawardsaseitherequityorliabilitiesandclassificationonthestatementofcashflows.ThisguidanceiseffectiveforinterimandannualperiodsbeginningafterDecember15,2016.TheCompanyadoptedthenewguidanceonJanuary29,2017.Uponadoption,excesstaxbenefitsanddeficienciesfromshare-basedcompensationarerecognizedasincometaxexpenseorbenefitinthestatementofoperationsasdiscreteitemsinthereportingperiodinwhichtheyoccur,regardlessofwhetherthebenefitreducestaxespayableinthecurrentperiod.Asaresultoftheadoptionofthisguidance,theCompanyrecognizedanincreaseof$2,350todeferredtaxassetsrelatedtonetoperatinglosscarryforwardsfortheexcesstaxbenefitsrelatedtoshare-basedcompensationandalsorecognizedanincreaseofanequalamountinthevaluationallowanceagainstsuchincreaseofdeferredtaxassets.Aspermittedbythenewguidance,theCompanyelectedtoaccountforforfeituresastheyoccurwhichresultedinanincreaseof$84totheaccumulateddeficitwithintheConsolidatedBalanceSheet.TheremainingprovisionsofthenewguidancedidnothaveamaterialeffectontheCompany’sconsolidatedfinancialstatements.

Recently Issued Accounting Pronouncements

InFebruary2016,theFASBissuedASU2016-02:“Leases(Topic842)”,anewleaseaccountingstandard.Theguidancerequireslesseestorecognizeright-of-useleaseassetsandleaseliabilitiesonthebalancesheetforthoseleasescurrentlyclassifiedasoperatingleases.InJuly2018,theFASBissuedASU2018-11:“Leases(Topic842):Targetedimprovements”whichprovidescompanieswithanadditionaltransitionmethodtoapplythenewguidanceattheadoptiondateinsteadoftheearliestperiodpresentedinthefinancialstatements.TheCompanyexpectstoutilizethistransitionmethoduponadoption.TheCompanyiscurrentlycompilinganinventoryofleasearrangementsinordertodeterminetheimpactthenewguidancewillhaveontheconsolidatedfinancialstatementsanddisclosures.TheCompanyhasselectednewleaseaccountingsoftwareinpreparationforthestandard'sadditional

F-13

reportingrequirements.TheCompanycontinuestoevaluatetheimpactofadoptingthisguidanceontheconsolidatedfinancialstatements.Basedontheassessmenttodate,theCompanyexpectsthattheadoptionoftheguidancewillresultinamaterialincreaseinlease-relatedassetsandliabilitiesrecognizedintheCompany’sConsolidatedBalanceSheets,buttheCompanyisunabletoquantifytheimpactatthistime.

Note 2. Goodwill and Intangible Assets

Netgoodwillbalancesandchangesthereinbysegmentwereasfollows:

(in thousands) Wholesale Direct-to-consumer Total Net Goodwill Balance as of January 28, 2017 $ 41,435 $ — $ 41,435Balance as of February 3, 2018 41,435 — 41,435Balance as of February 2, 2019 $ 41,435 $ — $ 41,435

Thetotalcarryingamountofgoodwillwasnetofaccumulatedimpairmentsof$69,253,$69,253and$69,253asofFebruary2,2019,February3,2018andJanuary28,2017,respectively.Duringthefourthquarteroffiscal2016,theCompanyrecordeda$22,311goodwillimpairmentchargeasaresultoftheCompany’sannualgoodwillimpairmenttest.SeeNote1“DescriptionofBusinessandSummaryofSignificantAccountingPolicies–(L)GoodwillandOtherIntangibleAssets”foradditionaldetails.TherewerenoimpairmentsrecordedasaresultoftheCompany’sannualgoodwillimpairmenttestperformedduringfiscal2018andfiscal2017.

Thefollowingtablespresentasummaryofidentifiableintangibleassets:

(in thousands) Gross Amount AccumulatedAmortization

AccumulatedImpairments

Net BookValue

Balance as of February 2, 2019 Amortizableintangibleassets:

Customerrelationships $ 11,970 $ (6,569) $ — $ 5,401Indefinite-livedintangibleasset:

Tradename 101,850 — (30,750) 71,100Totalintangibleassets $ 113,820 $ (6,569) $ (30,750) $ 76,501

(in thousands) Gross Amount AccumulatedAmortization

AccumulatedImpairments

Net BookValue

Balance as of February 3, 2018 Amortizableintangibleassets:

Customerrelationships $ 11,970 $ (5,971) $ — $ 5,999Indefinite-livedintangibleasset:

Tradename 101,850 — (30,750) 71,100Totalintangibleassets $ 113,820 $ (5,971) $ (30,750) $ 77,099

Duringthefourthquarteroffiscal2016,theCompanyrecordeda$30,750impairmentchargeasaresultoftheCompany’squantitativeassessmentonitstradenameintangibleasset.SeeNote1“DescriptionofBusinessandSummaryofSignificantAccountingPolicies–(L)GoodwillandOtherIntangibleAssets”foradditionaldetails.NoimpairmentsoftheVincetradenamewererecordedasaresultoftheCompany’sannualassetimpairmenttestsperformedduringfiscal2018andfiscal2017.

Amortizationofidentifiableintangibleassetswas$598,$599and$598forfiscal2018,fiscal2017andfiscal2016,respectively,whichisincludedinSelling,generalandadministrativeexpensesontheConsolidatedStatementsofOperations.Amortizationexpenseforeachofthefiscalyears2019to2023isexpectedtobeasfollows:

Future (in thousands) Amortization 2019 $ 5982020 5982021 5982022 5982023 598Totalnext5fiscalyears $ 2,990

F-14

Note 3. Fair Value Measurements

AccountingStandardsCodification(“ASC”)Subtopic820-10definesfairvalueasthepricethatwouldbereceivedtosellanassetorpaidtotransferaliabilityinanorderlytransactionbetweenmarketparticipantsatthemeasurementdate.Thisguidanceoutlinesavaluationframework,createsafairvaluehierarchytoincreasetheconsistencyandcomparabilityoffairvaluemeasurementsanddetailsthedisclosuresthatarerequiredforitemsmeasuredatfairvalue.Financialassetsandliabilitiesaretobemeasuredusinginputsfromthreelevelsofthefairvaluehierarchyasfollows: Level 1— quotedmarketpricesinactivemarketsforidenticalassetsorliabilities

Level 2— observablemarket-basedinputs(quotedpricesforsimilarassetsandliabilitiesinactivemarketsandquotedpricesforidenticalorsimilarassetsorliabilitiesinmarketsthatarenotactive)orinputsthatarecorroboratedbyobservablemarketdata

Level 3— significantunobservableinputsthatreflecttheCompany’sassumptionsandarenotsubstantiallysupportedbymarketdata

TheCompanydidnothaveanynon-financialassetsornon-financialliabilitiesrecognizedatfairvalueonarecurringbasisatFebruary2,2019orFebruary3,2018.AtFebruary2,2019andFebruary3,2018,theCompanybelievesthatthecarryingvaluesofcashandcashequivalents,receivablesandaccountspayableapproximatefairvalue,duetotheshort-termmaturityoftheseinstruments.TheCompany’sdebtobligationswithacarryingvalueof$46,516asofFebruary2,2019areatvariableinterestrates.ThecarryingvalueoftheCompany’s2018RevolvingCreditFacilityapproximatesfairvalueasthestatedinterestrateapproximatesmarketratecurrentlyavailabletotheCompany,whichisconsideredaLevel2input.ThefairvalueoftheCompany’s2018TermLoanFacilitywasapproximately$27,000asofFebruary2,2019baseduponanestimatedmarketvaluecalculationthatfactorsprincipal,timetomaturity,interestrate,andcurrentcostofdebt,whichisconsideredaLevel3input.

TheCompany’snon-financialassets,whichprimarilyconsistofgoodwill,intangibleassets,andpropertyandequipment,arenotrequiredtobemeasuredatfairvalueonarecurringbasisandarereportedattheircarryingvalues.However,onaperiodicbasiswhenevereventsorchangesincirc*mstancesindicatethattheircarryingvaluemaynotbefullyrecoverable(andatleastannuallyforgoodwillandintangibleassets),non-financialassetsareassessedforimpairment,andifapplicable,writtendownto(andrecordedat)fairvalue.

Thefollowingtablespresentthenon-financialassetstheCompanymeasuredatfairvalueonanon-recurringbasisinfiscal2018andfiscal2017,basedonsuchfairvaluehierarchy:

Net CarryingValue as of

Fair Value Measured and Recorded at ReportingDate Using:

Total Losses - YearEnded

(in thousands) February 2, 2019 Level 1 Level 2 Level 3 February 2, 2019 Propertyandequipment $ 56 $ — $ — $ 56 $ 1,684 (1)

Net CarryingValue as of

Fair Value Measured and Recorded at ReportingDate Using:

Total Losses - YearEnded

(in thousands) February 3, 2018 Level 1 Level 2 Level 3 February 3, 2018 Propertyandequipment $ 493 $ — $ — $ 493 $ 5,111 (1)

(1)RecordedwithinSelling,generalandadministrativeexpensesontheConsolidatedStatementsofOperations.SeeNote1“DescriptionofBusinessandSummaryofSignificantAccountingPolicies–(K)ImpairmentofLong-livedAssets”foradditionalinformation.

F-15

Note 4. Long-Term Debt and Financing Arrangements

Long-termdebtconsistedofthefollowing:

February 2, February 3, (in thousands) 2019 2018 TermLoanFacilities $ 27,500 $ 33,000RevolvingCreditFacilities 19,016 16,900Totaldebtprincipal 46,516 49,900Less:currentportionoflong-termdebt 2,750 8,000Less:deferredfinancingcosts 1,426 1,218

Totallong-termdebt $ 42,340 $ 40,682

2018 Term Loan Facility

The2018TermLoanFacilitycontainsarequirementthatVince,LLCmaintainaConsolidatedFixedChargeCoverageRatio(asdefinedinthecreditagreementforthe2018TermLoanFacility)asofthelastdayofanyperiodoffourfiscalquartersnottoexceed0.85:1.00forthefiscalquarterendedNovember3,2018,1.00:1.00forthefiscalquarterendedFebruary2,2019,1.20:1.00forthefiscalquarterendingMay4,2019,1.35:1.00forthefiscalquarterendingAugust3,2019,1.50:1.00forthefiscalquartersendingNovember2,2019andFebruary1,2020and1.75:1.00forthefiscalquarterendingMay2,2020andeachfiscalquarterthereafter.Inaddition,the2018TermLoanFacilitycontainscustomaryrepresentationsandwarranties,othercovenants,andeventsofdefault,includingbutnotlimitedto,covenantswithrespecttolimitationsontheincurrenceofadditionalindebtedness,liens,burdensomeagreements,guarantees,investments,loans,assetsales,mergers,acquisitions,prepaymentofotherdebt,therepurchaseofcapitalstock,transactionswithaffiliates,andtheabilitytochangethenatureoftheCompany’sbusinessoritsfiscalyear,anddistributionsanddividends.The2018TermLoanFacilitygenerallypermitsdividendstotheextentthatnodefaultoreventofdefaultiscontinuingorwouldresultfromacontemplateddividend,solongas(i)aftergivingproformaeffecttothecontemplateddividendandforthefollowingsixmonthsExcessAvailabilitywillbeatleastthegreaterof20.0%oftheLoanCap(asdefinedinthecreditagreementforthe2018TermLoanFacility)and$10,000,(ii)aftergivingproformaeffecttothecontemplateddividend,theConsolidatedFixedChargeCoverageRatioforthe12monthsprecedingsuchdividendwillbegreaterthanorequalto1.0to1.0(providedthattheConsolidatedFixedChargeCoverageRatiomaybelessthan1.0to1.0if,aftergivingproformaeffecttothecontemplateddividend,ExcessAvailabilityforthesixfiscalmonthsfollowingthedividendisatleastthegreaterof25.0%oftheLoanCapand$12,500),and(iii)theproformaFixedChargeCoverageRatioaftergivingeffecttosuchcontemplateddividendisnolessthantheminimumConsolidatedFixedChargeCoverageRatioforsuchquarter.Inaddition,the2018TermLoanFacilityissubjecttoaBorrowingBase(asdefinedinthecreditagreementofthe2018TermLoanFacility)whichcan,undercertainconditions,resultintheimpositionofareserveunderthe2018RevolvingCreditFacility.AsofFebruary2,2019,theCompanywasincompliancewithapplicablecovenants.

ThroughFebruary2,2019,onaninceptiontodatebasis,theCompanyhadnotmadeanyrepaymentsonthe2018TermLoanFacility.

F-16

Scheduledmaturitiesofthe2018TermLoanFacilityareasfollows: 2018 Term Loan (in thousands) Maturities Fiscal2019 $ 2,750Fiscal2020 2,750Fiscal2021 2,750Fiscal2022 2,750Fiscal2023 16,500Total $ 27,500

2018 Revolving Credit Facility

The2018RevolvingCreditFacilitycontainsarequirementthat,atanypointwhenExcessAvailability(asdefinedinthecreditagreementforthe2018

RevolvingCreditFacility)islessthan10.0%oftheloancapandcontinuinguntilExcessAvailabilityexceedsthegreaterofsuchamountsfor30consecutivedays,VincemustmaintainduringthattimeaConsolidatedFixedChargeCoverageRatio(asdefinedinthecreditagreementforthe2018RevolvingCreditFacility)equaltoorgreaterthan1.0to1.0measuredasofthelastdayofeachfiscalmonthduringsuchperiod.

The2018RevolvingCreditFacilitycontainsrepresentationsandwarranties,othercovenantsandeventsofdefaultthatarecustomaryforthistypeof

financing,includingcovenantswithrespecttolimitationsontheincurrenceofadditionalindebtedness,liens,burdensomeagreements,guarantees,investments,loans,assetsales,mergers,acquisitions,prepaymentofotherdebt,therepurchaseofcapitalstock,transactionswithaffiliates,andtheabilitytochangethenatureoftheCompany’sbusinessoritsfiscalyear.The2018RevolvingCreditFacilitygenerallypermitsdividendsintheabsenceofanyeventofdefault(includinganyeventofdefaultarisingfromacontemplateddividend),solongas(i)aftergivingproformaeffecttothecontemplateddividendandforthefollowingsixmonthsExcessAvailabilitywillbeatleastthegreaterof20.0%oftheLoanCapand$10millionand(ii)aftergivingproformaeffecttothecontemplateddividend,theConsolidatedFixedChargeCoverageRatioforthe12monthsprecedingsuchdividendwillbegreaterthanorequalto1.0to1.0(providedthattheConsolidatedFixedChargeCoverageRatiomaybelessthan1.0to1.0if,aftergivingproformaeffecttothecontemplateddividend,ExcessAvailabilityforthesixfiscalmonthsfollowingthedividendisatleastthegreaterof25.0%oftheLoanCapand$12,500).AsofFebruary2,2019,theCompanywasincompliancewithapplicablecovenants.

2013 Term Loan Facility

F-17

CantorFitzgeraldasdocumentationagent.The2013TermLoanFacilitywouldhavematuredonNovember27,2019.Vince,LLCandVinceIntermediatewereborrowersandVHCwasaguarantorunderthe2013TermLoanFacility.

2013 Revolving Credit Facility

Bank of Montreal Facility

OnJune22,2017,Vince,LLCenteredintoacreditfacilityagreement(the“BMOLCline”asdefinedtherein)withtheBankofMontrealtoissuetheSpecifiedLCsforthebenefitofBofAascreditsupportfortheobligationsoutstandingunderthe2013RevolvingCreditFacilitywithBofA.TheBMOLCLinewasguaranteedbySunCapitalFundV,L.P.,anaffiliateofSunCapitalPartners.TheinitialBMOLCLinewasissuedintheamountof$5,000.ThemaximumdrawamountforallSpecifiedLCswas$10,000.TheSpecifiedLCswereneverdrawnuponandonOctober31,2017,attherequestoftheCompanyanduponthesatisfactionofcertainreleaseconditions,theBMOLCLinewasreleased.

Note 5. Commitments and Contingencies

Leases

TheCompanyleasesitsofficespaces,showroomsandretailstoresunderoperatingleaseswhichhaveremainingtermsuptotenyears,excludingrenewalterms.MostoftheCompany’srealestateleasescontaincovenantsthatrequiretheCompanytopayrealestatetaxes,insurance,andotherexecutorycosts.Certainoftheseleasesrequirecontingentrentpaymentsorcontainkick-outclausesand/oropt-outclauses,basedontheoperatingresultsoftheretailoperationsutilizingtheleasedpremises.Rentunderleaseswithscheduledrentchangesorleaseconcessionsarerecordedonastraight-linebasisovertheleaseterm.Rentexpenseunderalloperatingleaseswas$23,312,$22,575and$23,545forfiscal2018,fiscal2017andfiscal2016,respectively,whichisrecordedwithinselling,generalandadministrativeexpenses.

ThefutureminimumleasepaymentsunderoperatingleasesatFebruary2,2019wereasfollows:

Minimum Lease (in thousands) Payments Fiscal2019 $ 21,512Fiscal2020 19,997Fiscal2021 18,935Fiscal2022 17,056Fiscal2023 15,251Thereafter 24,140Totalminimumleasepayments $ 116,891

F-18

Other Contractual Cash Obligations

AtFebruary2,2019,theCompany’sothercontractualcashobligationsof$31,475consistedprimarilyofinventorypurchaseobligationsandservicecontracts.

Litigation

OnSeptember7,2018,acomplaintwasfiledintheUnitedStatesDistrictCourtfortheEasternDistrictofNewYorkbycertainstockholders(collectively,the“Plaintiff”),namingtheCompanyaswellasBrendanHoffman,theCompany’sChiefExecutiveOfficer,DavidStefko,theCompany’sExecutiveVicePresident,ChiefFinancialOfficer,oneoftheCompany’sdirectors,certainoftheCompany’sformerofficersanddirectors,andSunCapitalPartners,Inc.andcertainofitsaffiliates,asdefendants.ThecomplaintgenerallyallegesthattheCompanyandthenamedpartiesmadefalseand/ormisleadingstatementsand/orfailedtodisclosemattersrelatingtothetransitionoftheCompany’sERPsystemsfromKellwood.ThecomplaintbringscausesofactionforviolationsofSection10(b)oftheSecuritiesExchangeActof1934,asamended(the“ExchangeAct”)andRule10b-5promulgatedundertheExchangeActagainsttheCompanyandthenamedpartiesandforviolationsofSection20(a)oftheExchangeActagainsttheindividualparties,SunCapitalPartners,Inc.anditsaffiliates.Thecomplaintseeksunspecifiedmonetarydamagesandunspecifiedcostsandfees.OnJanuary28,2019,inresponsetoourmotiontodismisstheoriginalcomplaint,thePlaintifffiledanamendedcomplaint,namingthesamedefendantsaspartiesandassertingthesamecausesofactionasthosestatedintheoriginalcomplaint.

TheCompanycurrentlybelievesthatthelikelihoodofanunfavorablejudgmentarisingfromthismatterisremotebasedontheinformationcurrentlyavailableandthattheultimateresolutionofthismatterwillnothaveamaterialadverseeffectontheCompany’sbusinessinafutureperiod.However,giventheinherentunpredictabilityoflitigationandthefactthatthislitigationisstillinitsveryearlystages,theCompanyisunabletopredictwithcertaintytheoutcomeofthislitigationorreasonablyestimateapossiblelossorrangeofloss,ifany,associatedwiththislitigationatthistime.Inaddition,theCompanywillberequiredtoexpendresourcestodefendthismatter.

Additionally,theCompanyisapartytolegalproceedings,compliancematters,environmentalaswellaswageandhourandotherlaborclaimsthatariseintheordinarycourseofitsbusiness.Althoughtheoutcomeofsuchitemscannotbedeterminedwithcertainty,managementbelievesthattheultimateoutcomeoftheseitems,individuallyandintheaggregate,willnothaveamaterialadverseimpactontheCompany’sfinancialposition,resultsofoperationsorcashflows.

Note 6. Share-Based Compensation

Employee Stock Plans

Vince2013IncentivePlan

InconnectionwiththeIPO,theCompanyadoptedtheVince2013IncentivePlan,whichprovidesforgrantsofstockoptions,stockappreciationrights,restrictedstockandotherstock-basedawards.InMay2018,theCompanyfiledaRegistrationStatementonFormS-8toregisteranadditional660,000sharesofcommonstockavailableforissuanceundertheVince2013IncentivePlan.TheaggregatenumberofsharesofcommonstockwhichmaybeissuedorusedforreferencepurposesundertheVince2013IncentivePlanorwithrespecttowhichawardsmaybegrantedmaynotexceed1,000,000shares,asadjustedtoreflecttheReverseStockSplit.ThesharesavailableforissuanceundertheVince2013IncentivePlanmaybe,inwholeorinpart,eitherauthorizedandunissuedsharesoftheCompany’scommonstockorsharesofcommonstockheldinoracquiredfortheCompany’streasury.Ingeneral,ifawardsundertheVince2013IncentivePlanarecancelledforanyreason,orexpireorterminateunexercised,thesharescoveredbysuchawardmayagainbeavailableforthegrantofawardsundertheVince2013IncentivePlan.AsofFebruary2,2019,therewere485,282sharesundertheVince2013IncentivePlanavailableforfuturegrants.OptionsgrantedpursuanttotheVince2013IncentivePlantypicallyvestinequalinstallmentsoverfouryears,subjecttotheemployees’continuedemploymentandexpireontheearlierofthetenthanniversaryofthegrantdateoruponterminationasoutlinedintheVince2013IncentivePlan.Restrictedstockunits(“RSUs”)grantedvestinequalinstallmentsoverathree-yearperiodorvestinequalinstallmentsoverfouryears,subjecttotheemployees’continuedemployment,exceptforRSUsissuedundertheexchangeofferdescribedbelowandRSUsissuedforcertainexecutiveofficerswhichvest100%upontheoccurrenceofcertainchangeincontroleventsandwillexpireiftheydonotvestwithintwoyearsofgrant,asdefinedundertheapplicablegrantagreement.

OnApril26,2018,theCompanycommencedatenderoffertoexchangecertainoptionstopurchasesharesofitscommonstock,whethervestedorunvested,fromeligibleemployeesandexecutiveofficersforreplacementrestrictedstockunits(“ReplacementRSUs”)grantedundertheVince2013IncentivePlan(the“OptionExchange”).EmployeesandexecutiveofficersoftheCompanyonthedateofoffercommencementandthosewhor*mainedanemployeeorexecutiveofficeroftheCompanythroughtheexpiration

F-19

dateoftheofferandheldatleastoneoptionasofthecommencementoftheofferthatwasgrantedundertheVince2013IncentivePlanwereeligibletoparticipate.Theexchangeratioofthisofferwasa1-to-1.7857basis(onestockoptionexchangedforevery1.7857ReplacementRSUs).Thistenderofferexpiredon11:59p.m.EasternTimeonMay24,2018(the“OfferExpirationDate”).TheReplacementRSUsweregrantedonthebusinessdayimmediatelyfollowingtheOfferExpirationDate.AsaresultoftheOptionExchange,149,819stockoptionswerecancelledand267,538ReplacementRSUsweregrantedwithagrantdatefairvalueof$9.15perunit.AllReplacementRSUsvestpursuanttothefollowingschedule:10%onApril19,2019;20%onApril17,2020;25%onApril16,2021;and45%onApril15,2022,subjecttotheholder’sremainingcontinuouslyemployedwiththeCompanythrougheachsuchapplicablevestingdate.ReplacementRSUshavethenewvestingscheduleregardlessofwhetherthesurrenderedeligibleoptionswerepartiallyvestedatthetimeitwasexchanged.Thepurposeofthisexchangewastofosterretention,motivateourkeycontributors,andbetteraligntheinterestsofouremployeesandstockholderstomaximizestockholdervalue.

EmployeeStockPurchasePlan

TheCompanymaintainsanemployeestockpurchaseplan(“ESPP”)foritsemployees.UndertheESPP,alleligibleemployeesmaycontributeupto10%oftheirbasecompensation,uptoamaximumcontributionof$10peryear.Thepurchasepriceofthestockis90%ofthefairmarketvalue,withpurchasesexecutedonaquarterlybasis.Theplanisdefinedascompensatory,andaccordingly,achargeforcompensationexpenseisrecordedtoselling,generalandadministrativeexpenseforthedifferencebetweenthefairmarketvalueandthediscountedpurchasepriceoftheCompany’sStock.Duringfiscal2018andfiscal2017,1,654and4,244sharesofcommonstock,respectively,wereissuedundertheESPP.AsofFebruary2,2019,therewere93,325sharesavailableforfutureissuanceundertheESPP,asadjustedtoreflecttheReverseStockSplit.

Stock Options

Asummaryofstockoptionactivityforbothemployeesandnon-employeesforfiscal2018isasfollows:

Stock Options

WeightedAverage

Exercise Price

WeightedAverage

RemainingContractualTerm (years)

AggregateIntrinsic Value(in thousands)

OutstandingatFebruary3,2018 170,757 $ 42.23 8.1 $ 32Granted — $ — Exercised — $ — Forfeitedorexpired1 (170,553) $ 42.23 OutstandingatFebruary2,2019 204 $ 31.71 6.7 $ —

VestedandexercisableatFebruary2,2019 154 $ 38.87 6.7 $ —

1Includes149,819optionsthatwereexchangedaspartoftheOptionExchange.

Oftheaboveoutstandingshares,50areexpectedtovest.

AspermittedbynewaccountingguidancethatbecameeffectivefortheCompanyonJanuary29,2017,theCompanyhaselectedtoaccountforforfeituresastheyoccur,whichresultedinanincreaseof$84toaccumulateddeficitwithintheConsolidatedBalanceSheet.

Theaggregateintrinsicvalueinthetableaboverepresentsthetotalpre-taxintrinsicvalue(thedifferencebetweentheCompany’sclosingstockpriceonthelasttradingdayoffiscal2017andtheexerciseprice,multipliedbythenumberofsuchin-the-moneyoptions)thatwouldhavebeenreceivedbytheoptionholdershadalloptionholdersexercisedtheiroptionsonFebruary3,2018.ThisamountchangesbasedonthefairmarketvalueoftheCompany’scommonstock.Nostockoptionswereexercisedinfiscal2018.Totalintrinsicvalueofoptionsexercisedduringfiscal2017andfiscal2016(basedonthedifferencesbetweentheCompany’sstockpriceontherespectiveexercisedateandtherespectiveexerciseprice,multipliedbythenumberofrespectiveoptionsexercised)was$640and$316,respectively.

F-20

TheCompany’sweightedaverageassumptionsusedtoestimatethefairvalueofstockoptionsgrantedduringfiscal2017andfiscal2016wereestimatedusingaBlack-Scholesoptionvaluationmodel.DuetothelimitedtradinghistoryoftheCompany’scommonstock,thevolatilityandexpectedtermassumptionsusedwerebasedonaveragesfromapeergroupofpubliclytradedretailers.Therisk-freeinterestratewasbasedupontheU.S.Treasuryyieldcurveineffectatthegrantdate.Nostockoptionsweregrantedinfiscal2018.

Fiscal Year 2017 2016 Weighted-averageexpectedvolatility 42.6% 46.0%Expectedterm(inyears) 4.2years 4.5yearsRisk-freeinterestrate 1.1% 1.4%Expecteddividendyield —% —%

Basedontheseassumptionsused,theweightedaveragegrantdatefairvalueforoptionsgrantedtoemployeesduringfiscal2017andfiscal2016was$3.57pershareand$12.21pershare,respectively.

Restricted Stock Units

Asummaryofrestrictedstockunitactivityforfiscal2018isasfollows:

Restricted Stock

Units Weighted Average

Grant Date Fair Value Non-vestedrestrictedstockunitsatFebruary3,2018 13,236 $ 29.19Granted2 544,601 $ 8.97Vested (5,112) $ 34.99Forfeited (48,495) $ 9.49Non-vestedrestrictedstockunitsatFebruary2,2019 504,230 $ 9.19

2Includes267,538unitsthatweregrantedaspartoftheOptionExchange.

Theweightedaveragegrantdatefairvalueforrestrictedstockunitsgrantedduringfiscal2016was$57.98.Thetotalfairvalueofrestrictedstockunitsvestedduringfiscal2018,fiscal2017andfiscal2016was$179,$277and$191,respectively.

AtFebruary2,2019,therewas$4,269ofunrecognizedcompensationcostsrelatedtorestrictedstockunitsthatwillberecognizedoveraremainingweightedaverageperiodof1.8years.

Share-Based Compensation Expense

Duringfiscal2018,theCompanyrecognizedshare-basedcompensationexpenseof$1,335andarelatedtaxbenefitof$0.Duringfiscal2017,theCompanyrecognizedshare-basedcompensationexpenseof$1,138andarelatedtaxbenefitof$0.Duringfiscal2016,theCompanyrecognizedshare-basedcompensationexpenseof$1,344,including$348ofexpenserelatedtonon-employees,andarelatedtaxbenefitof$0.

Note 7. Defined Contribution Plan

OnMay1,2015,theCompanyadoptedtheVinceHoldingCorp.401(k)Plan(“401kPlan”),whichisadefinedcontributionplancoveringallU.S.-basedemployees.Employeeswhomeetcertaineligibilityrequirementsmayparticipateinthisprogrambycontributingbetween1%and100%ofannualcompensationtothe401kPlan,subjecttoIRSlimitations.TheCompanymaymakematchingcontributionsinanamountequalto50%ofemployeecontributionsupto3%ofeligiblecompensation.Priortotheadoptionofthe401kPlan,employeesoftheCompanyparticipatedintheKellwoodCompanyRetirementSavingsPlanadministeredbyKellwoodHolding,LLC.TheannualexpenseincurredbytheCompanyfordefinedcontributionplanswas$460,$544and$405infiscal2018,fiscal2017andfiscal2016,respectively.

F-21

Note 8 . Stockholders’ Equity

Common Stock

TheCompanycurrentlyhasauthorizedforissuance100,000,000sharesofitsvotingcommonstock,parvalueof$0.01pershare.TheCompanyhadincreasedthenumberofauthorizedsharesofitsvotingcommonstockfrom100,000,000to250,000,000onSeptember6,2017inconnectionwiththeclosingofthe2017RightsOfferingandrelatedinvestmentagreement(the“2017InvestmentAgreement”)onSeptember8,2017.OnOctober23,2017,theCompanydecreasedthenumberofauthorizedsharesofitsvotingcommonstockfrom250,000,000to100,000,000.

AsofFebruary2,2019andFebruary3,2018,theCompanyhad11,622,994and11,616,500sharesissuedandoutstanding,respectively.

Reverse Stock Split

AtthecloseofbusinessonOctober23,2017,theCompanyeffecteda1-for-10ReverseStockSplit.TheCompany’scommonstockbegantradingonasplit-adjustedbasiswhenthemarketopenedonOctober24,2017.PursuanttotheReverseStockSplit,every10sharesoftheCompany’sissuedandoutstandingcommonstockwereautomaticallyconvertedintooneshareofcommonstock.Nofractionalshareswereissuedif,asaresultoftheReverseStockSplit,astockholderwouldotherwisehavebeenentitledtoafractionalshare.Instead,eachstockholderwasentitledtoreceiveacashpaymentbasedonapre-splitcashinlieurateof$0.48,whichwastheaverageclosingpricepershareontheNewYorkStockExchangeforthefiveconsecutivetradingdaysimmediatelyprecedingOctober23,2017.

2017 Rights Offering

OnSeptember8,2017,theCompanyissuedanaggregateof6,666,666sharesinconjunctionwiththecompleted2017RightsOfferingand2017InvestmentAgreement.SeeNote12“RelatedPartyTransactions”foradditionalinformation.

2016 Rights Offering

OnApril22,2016,theCompanyissuedanaggregateof1,181,818sharesinconjunctionwiththecompleted2016RightsOfferingandrelatedinvestmentagreement(the“2016InvestmentAgreement”).SeeNote12“RelatedPartyTransactions”foradditionalinformation.

Dividends

TheCompanyhasnotpaiddividends,andtheCompany’scurrentabilitytopaysuchdividendsisrestrictedbythetermsofitsdebtagreements.TheCompany’sfuturedividendpolicywillbedeterminedonayearlybasisandwilldependonearnings,financialcondition,capitalrequirements,andcertainotherfactors.TheCompanydoesnotexpecttodeclaredividendswithrespecttoitscommonstockintheforeseeablefuture.

Note 9. Earnings Per Share

Basicearnings(loss)pershareiscalculatedbydividingnetincome(loss)bytheweightedaveragenumberofsharesofcommonstockoutstandingduringtheperiod.Exceptwhentheeffectwouldbeanti-dilutive,dilutedearnings(loss)pershareiscalculatedbasedontheweightedaveragenumberofsharesofcommonstockoutstandingplusthedilutiveeffectofshare-basedawardscalculatedunderthetreasurystockmethod.

Thefollowingisareconciliationofweightedaveragebasicsharestoweightedaveragedilutedsharesoutstanding:

Fiscal Year 2018 2017 2016 Weighted-averageshares—basic 11,619,828 7,605,822 4,642,053Effectofdilutiveequitysecurities — 2,605 —Weighted-averageshares—diluted 11,619,828 7,608,427 4,642,053

BecausetheCompanyincurredanetlossforthefiscalyearsendedFebruary2,2019andJanuary28,2017,weighted-averagebasicsharesandweighted-averagedilutedsharesoutstandingareequalfortheperiods.

F-22

ForthefiscalyearsendedFebruary2,2019,February3,2018andJanuary28,2017,115,280,190,363and171,913weightedaveragesharesofshare-basedcompensation,respectively,wereexcludedfromthecomputationofweightedaveragesharesfordilutedearningspershare,astheireffectwouldhavebeenanti-dilutive.

Note 10. Income Taxes

OnDecember22,2017,U.S.taxreformlegislationknownastheTaxCutsandJobsAct(the“TCJA”)wassignedintolaw.TheTCJAmadesubstantialchangestoU.S.taxlaw,includingareductioninthecorporatetaxrate,alimitationondeductibilityofinterestexpense,alimitationontheuseofnetoperatinglossestooffsetfuturetaxableincome,andtheallowanceofimmediateexpensingofcapitalexpenditures.TheCompanyhasestimatedtheimpactoftheTCJAincorporatingassumptionsmadebaseduponitscurrentinterpretationoftheTCJAinaccordancewithSECStaffissuedStaffAccountingBulletinNo.118(“SAB118”).GiventhetimingoftheenactmentoftheTCJAonDecember22,2017,theSECissuedguidanceunderSAB118directingtaxpayerstoconsidertheimpactofthenewlegislationas“provisional”whenitdoesnothavethenecessaryinformationavailable,preparedoranalyzed(includingcomputations)inreasonabledetailtocompleteitsaccountingfortheeffectsresultingfromthechangeinlaw.TheCompanyhasrecognizedtheprovisionaltaximpactsrelatedtorevaluationofitsdeferredtaxassets,andincludedthoseamountsintheconsolidatedfinancialstatementsforthefiscalyearendedFebruary3,2018.TheCompanyappliedtheguidanceinSAB118whenaccountingfortheenactment-dateeffectsoftheTaxActin2017andthroughout2018.AtDecember31,2018,wehavecompletedouraccountingforalltheenactment-dateincometaxeffectsoftheTaxAct.EffectivefortaxyearsbeginningafterJanuary1,2018,interestexpenseislimitedbasedonadjustedtaxableincomeandexecutivecompensationislimitedforbothperformanceandnon-performancebasedcomponents.Anydisallowedinterestcanbecarriedforwardindefinitely,whiletheexecutivecompensationlimitationresultsinapermanentadjustment.

Theprovisionforincometaxesconsistedofthefollowing:

Fiscal Year (in thousands) 2018 2017 2016 Current:

Domestic: Federal $ — $ (295) $ —State 12 32 207

Foreign 69 70 75Totalcurrent 81 (193) 282Deferred:

Domestic: Federal (27) (379) 83,323State — — 10,121

Totaldeferred (27) (379) 93,444Totalprovisionforincometaxes $ 54 $ (572) $ 93,726

Thesourcesofincome(loss)beforeprovisionforincometaxesarefromtheUnitedStatesandtheCompany’sFrenchbranch.TheCompanyfilesU.S.federalincometaxreturnsandincometaxreturnsinvariousstateandlocaljurisdictions.

Currentincometaxesaretheamountspayableundertherespectivetaxlawsandregulationsoneachyear’searnings.Deferredincometaxassetsandliabilitiesrepresentthetaxeffectsofrevenues,costsandexpenses,whicharerecognizedfortaxpurposesindifferentperiodsfromthoseusedforfinancialstatementpurposes.

F-23

Areconciliationofthefederalstatutoryincometaxratetotheeffectivetaxrateisasfollows:

Fiscal Year 2018 2017 2016 Statutoryfederalrate 21.0% 33.7% 35.0%Statetaxes,netoffederalbenefit (51.7)% (4.3)% 5.5%Non-deductibleTaxReceivableAgreementadjustment(1) —% (47.6)% 0.4%Valuationallowance (53.2)% 19.0% (176.8)%Returntoprovisionadjustment 95.5% (0.9)% (0.1)%ImpactofTCJAandotherchangesintaxlaw —% (0.5)% —%Non-deductibleOfficersCompensation (9.4)% —% —%RateDifferentialonForeignIncome (2.8)% 0.1% —%Other (2.1)% (0.5)% —%

Total (2.7)% (1.0)% (136.0)% (1) Non-deductibleTaxReceivableAgreementliabilityrevaluationinfiscal2017duetoTCJAandchangeinlevelsofprojectedpre-taxincome.See“TaxReceivableAgreement”

underNote12“RelatedPartyTransactions”foradditionalinformation.

Deferredincometaxassetsandliabilitiesconsistedofthefollowing:

February 2, February 3, (in thousands) 2019 2018 Deferredtaxassets:

Depreciationandamortization $ 4,235 $ 13,317Employeerelatedcosts 2,028 2,001Allowanceforassetvaluations 806 2,441Accruedexpenses 422 225Deferredrent 4,233 4,500Netoperatinglosses 81,292 71,122Taxcredits 295 498Other 530 490

Totaldeferredtaxassets 93,841 94,594Less:valuationallowances (93,638) (92,590)Netdeferredtaxassets 203 2,004Deferredtaxliabilities: 0

Cancellationofdebtincome — (1,473)Other — (152)

Totaldeferredtaxliabilities — (1,625)Netdeferredtaxassets $ 203 $ 379Includedin:

Prepaidexpensesandothercurrentassets $ — $ —Deferredincometaxes 203 379

Netdeferredtaxassets $ 203 $ 379

AsofFebruary2,2019,theCompanyhadagrossfederalnetoperatinglossof$300,410(federaltaxeffectedamountof$63,086)forfederalincometaxpurposesthatmaybeusedtoreducefuturefederaltaxableincome.Thenetoperatinglossesforfederalincometaxpurposeswillexpirebetween2031and2018forlossesincurredintaxyearsbeginningbeforeJanuary1,2018.NetoperatinglossesincurredintaxyearsbeginningafterJanuary1,2018willhaveanindefinitecarryforwardperiod.

AsofFebruary2,2019,theCompanyhadgrossstatenetoperatinglosscarryforwardof$315,632(taxeffectednetoffederalbenefitof$20,509)thatmaybeusedtoreducefuturestatetaxableincome.Thenetoperatinglosscarryforwardsforstateincometaxpurposesexpirebetween2023and2039.

AsofFebruary2,2019,theCompanyhadtotaldeferredtaxassetsrelatedtonetoperatinglosscarryforwards,reducedforuncertaintaxpositions,of$81,292,ofwhich$61,341and$19,951wereattributabletofederalanddomesticstateandlocaljurisdictions,respectively.

F-24

Thevaluationallowancefordeferredtaxassetswas$93,638(posttaxreform)atFebruary2,2019,increasing$1,048fromthevaluationallowancefordeferredtaxassetsof$92,590atFebruary3,2018.Duringfiscal2018,theCompanyrecordedadditionalvaluationallowancesintheamountof$1,048duetothecombinationof(i)acurrentyearpre-taxloss;(ii)levelsofprojectedpre-taxincome;and(iii)theCompany’sabilitytocarryforwardorcarrybacktaxlosses.Adjustmentstothevaluationallowancearemadewhenthereisachangeinmanagement’sassessmentoftheamountofdeferredtaxassetsthatarerealizable.

Areconciliationofthebeginningandendingamountofgrossunrecognizedtaxbenefits,excludinginterestandpenalties,isasfollows:

Fiscal Year (in thousands) 2018 2017 2016 Beginningbalance $ 2,349 $ 2,339 $ 2,127Increasesfortaxpositionsincurrentyear — 10 208Increasesfortaxpositionsinprioryears — — 4Decreasesfortaxpositionsinprioryears (45) — —Endingbalance $ 2,304 $ 2,349 $ 2,339

AsofFebruary2,2019andFebruary3,2018,unrecognizedtaxbenefitsintheamountof$0and$0,respectively,wouldimpacttheCompany’seffectivetaxrateifrecognized.Itisreasonablypossiblethatwithinthenext12monthscertaintemporaryunrecognizedtaxbenefitscouldfullyreverse.DuringtheyearendedFebruary2,2019,thestatuteoflimitationsexpiredonthe2008taxreturnfilingswhichcausedareductionoftheunrecognizedtaxpositionbalanceby$45.Shouldthisoccur,theCompany’sunrecognizedtaxbenefitscouldbereducedbyupto$2,304.

TheCompanyincludesaccruedinterestandpenaltiesonunderpaymentsofincometaxesinitsincometaxprovision.AsofFebruary2,2019andFebruary3,2018,theCompanydidnothaveanyinterestandpenaltiesaccruedonitsConsolidatedBalanceSheetsandnorelatedprovisionorbenefitwasrecognizedineachoftheCompany’sConsolidatedStatementsofOperationsfortheyearsendedFebruary2,2019,February3,2018andJanuary28,2017.InterestiscomputedonthedifferencebetweenthetaxpositionrecognizednetofanyunrecognizedtaxbenefitsandtheamountpreviouslytakenorexpectedtobetakenintheCompany’staxreturns.

Withlimitedexceptions,theCompanyisnolongersubjecttoexaminationforU.S.federalandstateincometaxfor2007andprior.

Note 11. Segment and Geographical Financial Information

TheCompanyoperatesandmanagesitsbusinessbydistributionchannelandhasidentifiedtworeportablesegments,asfurtherdescribedbelow.Managementconsideredbothsimilaranddissimilareconomiccharacteristics,internalreportingandmanagementstructures,aswellasproducts,customers,andsupplychainlogisticstoidentifythefollowingreportablesegments:

• Wholesalesegment—consistsoftheCompany’soperationstodistributeproductstomajordepartmentstoresandspecialtystoresintheUnitedStatesandselectinternationalmarkets;and

• Direct-to-consumersegment—consistsoftheCompany’soperationstodistributeproductsdirectlytotheconsumerthroughitsbrandedfull-pricespecialtyretailstores,outletstores,ande-commerceplatform.

TheaccountingpoliciesoftheCompany’sreportablesegmentsareconsistentwiththosedescribedinNote1“DescriptionofBusinessandSummaryofSignificantAccountingPolicies.”Unallocatedcorporateexpensesarecomprisedofselling,generalandadministrativeexpensesattributabletocorporateandadministrativeactivities(suchasmarketing,design,finance,informationtechnology,legalandhumanresourcedepartments),andotherchargesthatarenotdirectlyattributabletotheCompany’sreportablesegments.UnallocatedcorporateassetsarecomprisedofthecarryingvaluesoftheCompany’sgoodwillandtradename,deferredtaxassets,andotherassetsthatwillbeutilizedtogeneraterevenueforbothoftheCompany’sreportablesegments.AstheCompany’sgoodwillandtradenamearenotallocatedtotheCompany’sreportablesegmentsinthemeasureofsegmentassetsregularlyreportedtoandusedbymanagement,thecorrespondingimpairmentchargesassociatedwiththegoodwillandtradenamearenotreflectedintheoperatingresultsoftheCompany’sreportablesegments.

F-25

SummaryinformationfortheCompany’sreportablesegmentsispresentedbelow.

Fiscal Year (in thousands) 2018 2017 2016 Net Sales: Wholesale $ 159,635 $ 166,113 $ 170,053Direct-to-consumer 119,316 106,469 98,146

Totalnetsales $ 278,951 $ 272,582 $ 268,199Income (loss) before income taxes: Wholesale $ 48,078 $ 44,496 $ 47,098Direct-to-consumer(1) 6,442 (97) 1,216

Subtotal 54,520 44,399 48,314Unallocatedcorporateexpenses (50,381) (62,716) (59,925)Impairmentofgoodwillandindefinite-livedintangibleasset(2) - - (53,061)Interestexpense,net (5,882) (5,540) (3,932)Otherincome(expense),net(3) (225) 81,882 (329)

Total(loss)incomebeforeincometaxes $ (1,968) $ 58,025 $ (68,933)Depreciation & Amortization: Wholesale $ 884 $ 1,742 $ 1,754Direct-to-consumer $ 4,202 $ 4,928 4,611Unallocatedcorporate $ 3,052 $ 3,428 2,319

Totaldepreciation&amortization $ 8,138 $ 10,098 $ 8,684Capital Expenditures: Wholesale $ 194 $ 81 $ 650Direct-to-consumer $ 2,785 1,662 9,559Unallocatedcorporate $ 91 1,636 4,078

Totalcapitalexpenditures $ 3,070 $ 3,379 $ 14,287

(1)Fiscal2018,fiscal2017andfiscal2016includenon-cashimpairmentchargestotaling$1,684,$5,111and$2,082,respectivelyrelatedtopropertyandequipment.SeeNote1“DescriptionofBusinessandSummaryofSignificantAccountingPolicies–(K)ImpairmentofLong-livedAssets”foradditionalinformation.(2)Impairmentofgoodwillandindefinite-livedintangibleassetinfiscal2016includespre-taximpairmentchargesof$53,061relatedtotheCompany’sgoodwillandtradenameintangibleasset.SeeNote1“DescriptionofBusinessandSummaryofSignificantAccountingPolicies–(L)GoodwillandOtherIntangibleAssets”forfurtherdetails.(3)Fiscal2017includesthe$82,002pre-taxbenefitfromre-measurementoftheliabilityrelatedtotheTaxReceivableAgreement.SeeNote12“RelatedPartyTransactions”foradditionalinformation.

AssetsforeachoftheCompany’sreportablesegmentsarepresentedbelow.

February 2, February 3, (in thousands) 2019 2018 Total Assets: Wholesale $ 67,945 $ 58,733Direct-to-consumer 40,502 40,751Unallocatedcorporate 126,484 135,050

Totalassets $ 234,931 $ 234,534

F-26

TheCompanyisdomiciledintheU.S.andasofFebruary2,2019,hadnoactiveinternationalsubsidiaries.AlthoughtheCompanymaintainsashowroominParisthroughalocalbranch,substantiallyallmarketing,sales,ordermanagementandcustomerservicefunctionsareperformedintheU.S.andthereforesubstantiallyalloftheCompany’ssalesoriginateintheU.S.Asaresult,netsalesbydestinationarenolongerprovided.Additionally,substantiallyalllong-livedassets,includingpropertyandequipment,arelocatedintheU.S.

Note 12. Related Party Transactions

Tax Receivable Agreement

VHCenteredintoaTaxReceivableAgreementwiththePre-IPOStockholdersonNovember27,2013.TheCompanyanditsformersubsidiariesgeneratedcertaintaxbenefits(includingNOLsandtaxcredits)priortotheRestructuringTransactionsconsummatedinconnectionwiththeCompany’sIPOandwillgeneratecertainsection197intangibledeductions(the“Pre-IPOTaxBenefits”),whichwouldreducetheactualliabilityfortaxesthattheCompanymightotherwiseberequiredtopay.TheTaxReceivableAgreementprovidesforpaymentstothePre-IPOStockholdersinanamountequalto85%oftheaggregatereductionintaxespayablerealizedbytheCompanyanditssubsidiariesfromtheutilizationofthePre-IPOTaxBenefits(the“NetTaxBenefit”).

ForpurposesoftheTaxReceivableAgreement,theNetTaxBenefitequals(i)withrespecttoataxableyear,theexcess,ifany,of(A)theCompany’sliabilityfortaxesusingthesamemethods,elections,conventionsandsimilarpracticesusedontherelevantcompanyreturnassumingtherewerenoPre-IPOTaxBenefitsover(B)theCompany’sactualliabilityfortaxesforsuchtaxableyear(the“RealizedTaxBenefit”),plus(ii)foreachpriortaxableyear,theexcess,ifany,oftheRealizedTaxBenefitreflectedonanamendedscheduleapplicabletosuchpriortaxableyearovertheRealizedTaxBenefitreflectedontheoriginaltaxbenefitscheduleforsuchpriortaxableyear,minus(iii)foreachpriortaxableyear,theexcess,ifany,oftheRealizedTaxBenefitreflectedontheoriginaltaxbenefitscheduleforsuchpriortaxableyearovertheRealizedTaxBenefitreflectedontheamendedscheduleforsuchpriortaxableyear;provided,however,thattotheextentanyoftheadjustmentsdescribedinclauses(ii)and(iii)werereflectedinthecalculationofthetaxbenefitpaymentforanysubsequenttaxableyear,suchadjustmentsshallnotbetakenintoaccountindeterminingtheNetTaxBenefitforanysubsequenttaxableyear.TotheextentthattheCompanyisunabletomakethepaymentundertheTaxReceivableAgreementwhendueunderthetermsoftheTaxReceivableAgreementforanyreason,suchpaymentwouldbedeferredandwouldaccrueinterestatadefaultrateofLIBORplus500basispointsuntilpaid,insteadoftheagreedrateofLIBORplus200basispointsperannuminaccordancewiththetermsoftheTaxReceivableAgreement.

WhiletheTaxReceivableAgreementisdesignedwiththeobjectiveofcausingtheCompany’sannualcashcostsattributabletofederal,stateandlocalincometaxes(withoutregardtotheCompany’scontinuing15%interestinthePre-IPOTaxBenefits)tobethesameasthatwhichtheCompanywouldhavepaidhadtheCompanynothadthePre-IPOTaxBenefitsavailabletooffsetit*federal,stateandlocaltaxableincome,therearecirc*mstancesinwhichthismaynotbethecase.Inparticular,theTaxReceivableAgreementprovidesthatanypaymentsbytheCompanythereundershallnotberefundable.Inthatregard,thepaymentobligationsundertheTaxReceivableAgreementdifferfromapaymentofafederalincometaxliabilityinthatataxrefundwouldnotbeavailabletotheCompanyundertheTaxReceivableAgreementeveniftheCompanyweretoincuranetoperatinglossforfederalincometaxpurposesinafuturetaxyear.Similarly,thePre-IPOStockholderswillnotreimbursetheCompanyforanypaymentspreviouslymadeifanytaxbenefitsrelatingtosuchpaymentsaresubsequentlydisallowed,althoughtheamountofanysuchtaxbenefitssubsequentlydisallowedwillreducefuturepayments(ifany)otherwiseowedtosuchPre-IPOStockholders.Inaddition,dependingontheamountandtimingoftheCompany’sfutureearnings(ifany)andonotherfactorsincludingtheeffectofanylimitationsimposedontheCompany’sabilitytousethePre-IPOTaxBenefits,itispossiblethatallpaymentsrequiredundertheTaxReceivableAgreementcouldbecomeduewithinarelativelyshortperiodoftimefollowingconsummationoftheCompany’sIPO.

IftheCompanyhadnotenteredintotheTaxReceivableAgreement,theCompanywouldbeentitledtorealizethefulleconomicbenefitofthePre-IPOTaxBenefitstotheextentallowedbyfederal,stateandlocallaw.TheTaxReceivableAgreementisdesignedwiththeobjectiveofcausingtheCompany’sannualcashcostsattributabletofederal,stateandlocalincometaxes(withoutregardtotheCompany’scontinuing15%interestinthePre-IPOTaxBenefits)tobethesameastheCompanywouldhavepaidhadtheCompanynothadthePre-IPOTaxBenefitsavailabletooffsetit*federal,stateandlocaltaxableincome.Asaresult,stockholderswhopurchasedsharesintheIPOarenotentitledtotheeconomicbenefitofthePre-IPOTaxBenefitsthatwouldhavebeenavailableiftheTaxReceivableAgreementwerenotineffect,excepttotheextentoftheCompany’scontinuing15%interestinthePre-IPOBenefits.

Additionally,thepaymentstheCompanymakestothePre-IPOStockholdersundertheTaxReceivableAgreementarenotexpectedtogiverisetoanyincidentaltaxbenefitstotheCompany,suchasdeductionsoranadjustmenttothebasisoftheCompany’sassets.

AnaffiliateofSunCapitalmayelecttoterminatetheTaxReceivableAgreementupontheoccurrenceofaChangeofControl(asdefinedbelow).Inconnectionwithanysuchtermination,theCompanyisobligatedtopaythepresentvalue(calculatedatarateperannumequaltoLIBORplus200basispointsasofsuchdate)ofallremainingNetTaxBenefitpaymentsthatwouldberequiredtobepaidtothePre-IPOStockholdersfromsuchterminationdate,applyingthevaluationassumptionssetforthintheTaxReceivableAgreement(the“EarlyTerminationPeriod”).“Changeofcontrol,”asdefinedintheTaxReceivableAgreementshallmeananeventorseriesofeventsbywhich(i)VHCshallceasedirectlyorindirectlytoown100%ofthecapitalstockofVince,LLC;(ii)any

F-27

“person”or“group”(assuchtermsareusedinSection13(d)and14(d)oftheExchangeAct),otherthanoneormorepermittedinvestors,shallbethe“beneficialowner”(asdefinedinRules13d-3and13d-5undertheExchangeAct)ofcapitalstockhavingmore,directlyorindirectly,than35%ofthetotalvotingpowerofalloutstandingcapitalstockofVinceHoldingCorp.intheelectionofdirectors,unlessatsuchtimethepermittedinvestorsaredirectorindirect“beneficialowners”(assodefined)ofcapitalstockofVinceHoldingCorp.havingagreaterpercentageofthetotalvotingpowerofalloutstandingcapitalstockofVHCintheelectionofdirectorsthanthatownedbyeachother“person”or“group”describedabove;(iii)foranyreasonwhatsoever,amajorityoftheboardofdirectorsofVHCshallnotbecontinuingdirectors;or(iv)a“ChangeofControl”(orcomparableterm)shalloccurunder(x)anytermloanorrevolvingcreditfacilityofVHCoritssubsidiariesor(y)anyunsecured,senior,seniorsubordinatedorsubordinatedindebtednessofVHCoritssubsidiaries,if,ineachcase,theoutstandingprincipalamountthereofisinexcessof$15,000.TheCompanymayalsoterminatetheTaxReceivableAgreementbypayingtheEarlyTerminationPayment(asdefinedtherein)tothePre-IPOStockholders.Additionally,theTaxReceivableAgreementprovidesthatintheeventthattheCompanybreachesanymaterialobligationsundertheTaxReceivableAgreementbyoperationoflawasaresultoftherejectionoftheTaxReceivableAgreementinacasecommencedundertheBankruptcyCode,thentheEarlyTerminationPaymentplusotheroutstandingamountsundertheTaxReceivableAgreementshallbecomedueandpayable.

TheTaxReceivableAgreementwillterminateupontheearlierof(i)thedateallsuchtaxbenefitshavebeenutilizedorexpired,(ii)thelastdayofthetaxyearincludingthetenthanniversaryoftheIPORestructuringTransactionsand(iii)themutualagreementofthepartiesthereto,unlessearlierterminatedinaccordancewiththetermsthereof.

AsofFebruary2,2019,theCompany’stotalobligationundertheTaxReceivableAgreementisestimatedtobe$58,273whichisincludedasOtherliabilitiesontheConsolidatedBalanceSheet.Thetaxbenefitpaymentof$351,includingaccruedinterest,withrespecttothe2016taxableyearwaspaidinthefirstquarteroffiscal2018.Thetaxbenefitpaymentof$7,438,includingaccruedinterest,withrespecttothe2015taxableyearwaspaidinthefourthquarteroffiscal2016.Asaconditionofthe2016InvestmentAgreement,theCompanyrepaiditsobligation,includingaccruedinterest,totaling$22,262,withrespecttothe2014taxableyearupontheclosingofthe2016RightsOffering.TheTaxReceivableAgreementexpiresonDecember31,2023.TheobligationwasoriginallyrecordedinconnectionwiththeIPOasanadjustmenttoadditionalpaid-incapitalontheCompany’sConsolidatedBalanceSheet.

Duringfiscal2018,noadjustmentwasmadetotheobligationundertheTaxReceivableAgreement.Duringfiscal2017,theobligationundertheTaxReceivableAgreementwasadjustedprimarilyasaresultoftheenactmentoftheTCJAintheU.Sandthechangeinlevelsofprojectedpre-taxincome.TheTCJAreducedtheU.S.federalcorporatetaxratefrom35%to21%whichresultedinthere-measurementofliabilityatthelowertaxrate.Theadjustmentresultedinanetdecreaseof$82,002totheliabilityundertheTaxReceivableAgreementwiththecorrespondingadjustmentaccountedforasadecreasetoOther(income)expense,netontheConsolidatedStatementsofOperations.Duringfiscal2016,theobligationundertheTaxReceivableAgreementwasadjustedprimarilyasaresultofchangesintaxlawsthatimpactedthenetoperatinglossdeferredtaxassets.Theadjustmentresultedinanetdecreaseof$209totheliabilityundertheTaxReceivableAgreementwiththecorrespondingadjustmentaccountedforasadecreasetoOther(income)expense,netontheConsolidatedStatementsofOperations.

Sourcing Arrangement

OnJuly13,2017,Vince,LLC,anindirectwholly-ownedsubsidiaryoftheCompany,enteredintoanagreement(the“SourcingArrangement”)withRebeccaTaylor,Inc.(“RT”)relatingtothepurchaseandresaleofcertainVincebrandedfinishedgoods(“VinceGoods”),wherebyRThadagreedtopurchaseVinceGoodsfromapprovedsupplierspursuanttopurchaseordersissuedtosuchsuppliers(each,a“RTPurchaseOrder”)atapricespecifiedtherein(a“RTPrice”)andVince,LLChadagreedtopurchasesuchVinceGoodsfromRTpursuanttopurchaseordersissuedtoRT(each,a“VincePurchaseOrder”)atapricespecifiedtherein(a“VincePrice”).TheVincePricewasatalltimesequalto103.5%oftheRTPrice.

UponreceiptoftheVincePurchaseOrder,RTmustissuetheRTPurchaseOrderandapplyforaletterofcredittobeissuedtotheapplicablesupplierintheamountequaltotheRTPrice,subjecttoavailabilityunderRT’screditfacility.WhentheVinceGoodswerereadytobedelivered,RTmustinvoiceVinceintheamountequaltotheVincePrice,whichinvoiceshallbepayablebyVincewithintwobusinessdaysofreceiptoftheinvoice,whichpaymenttermmaybeextendedbyRT.IntheeventVincefailedtomaketimelypaymentforanyVinceGoods,RThadtherighttoliquidatesuchgoodsinamannerandatapriceitdeemedappropriateinitssolediscretion.

TheSourcingArrangementcontainedcustomaryindemnificationandrepresentationsandwarranties.TheSourcingArrangementmaybeterminatedbyeitherpartyupon60days’priorwrittennoticetotheotherparty.

RTisownedbyaffiliatesofSunCapitalPartners,Inc.,whoseaffiliatesownedapproximately73%oftheoutstandingcommonstockoftheCompanyasofFebruary2,2019.Duringfiscal2018and2017,theCompanypaid$29and$17,834forordersplacedundertheSourcingArrangement.NonewordershadbeenplacedundertheSourcingArrangementsinceSeptember2017.OnMay30,2018,theCompanyterminatedtheSourcingArrangementwithRTeffectiveasofFebruary3,2018.TherewerenoearlyterminationpenaltiesincurredbytheVince,LLCortheCompanyasaresultofthetermination.

F-28

Shared Services Agree ment

InconnectionwiththeconsummationoftheCompany’sIPO,Vince,LLCenteredintoaSharedServicesAgreementwithKellwoodonNovember27,2013(the“SharedServicesAgreement”)pursuanttowhichKellwoodprovidedsupportservicesinvariousareasincluding,amongotherthings,certainaccountingfunctions,tax,e-commerceoperations,distribution,logistics,informationtechnology,accountspayable,creditandcollectionsandpayrollandbenefitsadministration.Asoftheendoffiscal2016,theCompanycompletedthetransitionofallfunctionsandsystemsfromKellwoodtotheCompany’sownsystemsorprocessesaswellastothird-partyserviceproviders.InconnectionwiththeKellwoodSale,theSharedServicesAgreementwascontributedtoSt.Louis,LLC.TheSharedServicesAgreementwithSt.Louis,LLCwaseffectivelyterminatedinfiscal2017astherewerenooutstandingorfurtherservicestobeprovidedthereunder.

ThefeesforallservicesreceivedbyVince,LLCundertheSharedServicesAgreementwereatcost.Suchcostswerethefullamountofanyandallactualanddirectout-of-pocketexpenses(includingbasesalaryandwagesbutwithoutprovidingforanymarginofprofitorallocationofdepreciationoramortizationexpense)incurredbytheserviceprovideroritsaffiliatesinconnectionwiththeprovisionoftheservices.

TheCompanywasinvoicedmonthlyfortheservicesprovidedundertheSharedServicesAgreementandgenerallywasrequiredtopaywithin15businessdaysofreceivingsuchinvoice.Thepaymentscouldbetrued-upandcouldbedisputedonceeachfiscalquarter.Forfiscal2018,fiscal2017andfiscal2016,theCompanyrecognized$20,$305and$4,256,respectively,ofexpensewithintheConsolidatedStatementsofOperationsforservicesprovidedundertheSharedServicesAgreement.AsofFebruary2,2019andFebruary3,2018,theCompanyrecorded$0and$82,respectively,inOtheraccruedexpensestorecognizeamountspayableundertheSharedServicesAgreement.

2017 Investment Agreement and 2017 Rights Offering

OnAugust10,2017,theCompanyenteredintoanInvestmentAgreement(the“2017InvestmentAgreement”)withSunCardinal,LLCandSCSFCardinal,LLC(collectively,the“SunCardinalInvestors”)pursuanttowhichtheCompanyagreedtoissueandselltotheSunCardinalInvestors,andtheSunCardinalInvestorsagreedtopurchase,anaggregatenumberofsharesoftheCompany’scommonstockequalto(x)$30,000minus(y)theaggregateproceedsofthe2017RightsOffering,atthe2017RightsOfferingsubscriptionpricepershare(priortoadjustmentfortheReverseStockSplit)of$0.45,subjecttothetermsandconditionssetforthinthe2017InvestmentAgreement(the“BackstopCommitment”).The2017InvestmentAgreementsupersededtheRightsOfferingCommitmentLetter,datedMay18,2017,fromSunCapitalPartnersV,L.P.

OnAugust15,2017,theCompanycommencedthe2017RightsOffering,wherebytheCompanydistributed,atnocharge,tostockholdersofrecordasofAugust14,2017(the“2017RightsOfferingRecordDate”),rightstopurchasenewsharesoftheCompany’scommonstockat$0.45pershare(priortoadjustmentfortheReverseStockSplit).Eachstockholderasofthe2017RightsOfferingRecordDate(“2017RightsHolders”)receivedonenon-transferrablerighttopurchase1.3475sharesforeveryshareofcommonstockownedonthe2017RightsOfferingRecordDate(the“subscriptionright”).2017RightsHolderswhofullyexercisedtheirsubscriptionrightswereentitledtosubscribeforadditionalsharesthatremainedunsubscribedasaresultofanyunexercisedsubscriptionrights(the“over-subscriptionright”).Theover-subscriptionrightalloweda2017RightsHoldertosubscribeforanadditionalamountequaltouptoanaggregateof9.99%oftheCompany’soutstandingsharesofcommonstockaftergivingeffecttotheconsummationofthetransactionscontemplatedbythe2017RightsOfferingandthe2017InvestmentAgreement,subjecttocertainlimitationsandprorataallocations.Subscriptionrightscouldonlybeexercisedforwholenumbersofshares;nofractionalsharesofcommonstockwereissuedinthe2017RightsOffering.The2017RightsOfferingperiodexpiredonAugust30,2017at5:00p.m.NewYorkCitytimeandtheCompanyreceivedsubscriptionsandoversubscriptionsfromitsexistingstockholders(includingtheSunCardinalInvestorsandtheiraffiliates)resultinginaggregategrossproceedsof$21,976.Additionally,inaccordancewiththe2017InvestmentAgreement,theCompanyreceived$8,024ofgrossproceedsfromtheSunCardinalInvestors.Intotal,theCompanyreceivedgrossproceedsof$30,000asaresultofthe2017RightsOfferingandthe2017InvestmentAgreementtransactionsandtheCompanyissued6,666,666sharesofitscommonstock.

F-29

TheCompanyusedaportionofthenetproceedsreceivedfromthe2017RightsOfferingandthe2017InvestmentAgreementto(1)repay$9,000undertheCompany’s2013TermLoanFacilityand(2)repay$15,000undertheCompany’sRevolvingCreditFacility,withoutaconcurrentcommitmentreduction.TheCompanyusedtheremainingnetproceedsforgeneralcorporatepurposes,exceptfor$1,823whichwasretainedatVHC.

AsofFebruary2,2019,affiliatesofSunFundVcollectivelybeneficiallyownedapproximately73%oftheCompany’soutstandingcommonstock.

2016 Investment Agreement and 2016 Rights Offering

OnMarch15,2016,theCompanyenteredintothe2016InvestmentAgreementwiththeInvestorspursuanttowhichSunCardinalandSCSFCardinalagreedtobackstopthe2016RightsOfferingbypurchasingatthesubscriptionprice(priortoadjustmentfortheReverseStockSplit)of$5.50pershareanyandallsharesnotsubscribedthroughtheexerciseofrights,includingtheoversubscription.

OnMarch29,2016,theCompanycommencedthe2016RightsOffering,wherebytheCompanydistributed,atnocharge,tostockholdersofrecordasofMarch23,2016(the“2016RightsOfferingRecordDate”),rightstopurchasenewsharesoftheCompany’scommonstock(priortoadjustmentfortheReverseStockSplit)at$5.50pershare.Eachstockholderasofthe2016RightsOfferingRecordDate(“2016RightsHolders”)receivedonenon-transferrablerighttopurchase0.3191sharesforeveryshareofcommonstockownedonthe2016RightsOfferingRecordDate(the“subscriptionright”).2016RightsHolderswhofullyexercisedtheirsubscriptionrightswereentitledtosubscribeforadditionalsharesthatremainedunsubscribedasaresultofanyunexercisedsubscriptionrights(the“over-subscriptionright”).Theover-subscriptionrightalloweda2016RightsHoldertosubscribeforanadditionalnumberofsharesequaltoupto20%ofthesharesofcommonstockforwhichsuchholderwasotherwiseentitledtosubscribe.Subscriptionrightscouldonlybeexercisedforwholenumbersofshares;nofractionalsharesofcommonstockwereissuedinthe2016RightsOffering.The2016RightsOfferingperiodexpiredonApril14,2016at5:00p.m.NewYorkCitytime,priortowhichpaymentforallsubscriptionrightsrequiredanirrevocablefundingofcashtothetransferagent,tobeheldinanaccountforthebenefitoftheCompany.TheInvestorsfullysubscribedinthe2016RightsOfferingandexercisedtheiroversubscriptionright.TheCompanyreceivedsubscriptionsandoversubscriptionsfromitsexistingstockholdersforatotal(priortoadjustmentfortheReverseStockSplit)of11,622,518sharesofitscommonstock,resultinginaggregategrossproceedsofapproximately$63,924.Simultaneouswiththeclosingofthe2016RightsOffering,theCompanyreceived$1,076ofgrossproceedsfromthe2016InvestmentAgreementandissuedtotheInvestors195,663shares(priortoadjustmentfortheReverseStockSplit)ofitscommonstockinconnectiontherewith.Intotal,theCompanyreceivedtotalgrossproceedsof$65,000asaresultofthe2016RightsOfferingandthe2016InvestmentAgreementtransactionsandrecordedincreases(priortoadjustmentfortheReverseStockSplit)of$118withinCommonStockand$63,992withinAdditionalpaid-incapitalontheconsolidatedbalancesheet.Uponthecompletionofthesetransactions,affiliatesofSunCapitalowned58%oftheCompany’soutstandingcommonstock.

TheCompanyusedaportionofthenetproceedsreceivedfromthe2016RightsOfferingandthe2016InvestmentAgreementto(1)repaytheamountowedbytheCompanyundertheTaxReceivableAgreement(asdiscussedabove)withSunCardinal,foritselfandasarepresentativeoftheotherstockholderspartythereto,forthetaxbenefitwithrespecttothe2014taxableyearincludingaccruedinterest,totaling$22,262,and(2)repayallthenoutstandingindebtedness,totaling$20,000,undertheCompany’s2013RevolvingCreditFacility.TheCompanyusedtheremainingnetproceeds,whichfundswereheldbyVHc*ntilneededbyitsoperatingsubsidiary,foradditionalstrategicinvestmentsandgeneralcorporatepurposes.TheCompanyretainedapproximately$21,000ofproceedsatVHC.

Sun Capital Consulting Agreement

OnNovember27,2013,theCompanyenteredintoanagreementwithSunCapitalManagementto(i)reimburseSunCapitalManagementCorp.(“SunCapitalManagement”)oranyofitsaffiliatesprovidingconsultingservicesundertheagreementforout-of-pocketexpensesincurredinprovidingconsultingservicestotheCompanyand(ii)provideSunCapitalManagementwithcustomaryindemnificationforanysuchservices.

TheagreementisscheduledtoterminateonNovember27,2023,thetenthanniversaryoftheCompany’sIPO.Undertheconsultingagreement,theCompanyhasnoobligationtopaySunCapitalManagementoranyofitsaffiliatesanyconsultingfeesotherthanthosewhichareapprovedbyamajorityoftheCompany’sdirectorsthatarenotaffiliatedwithSunCapital.Totheextentsuchfeesareapprovedinthefuture,theCompanywillbeobligatedtopaysuchfeesinadditiontoreimbursingSunCapitalManagementoranyofitsaffiliatesthatprovidetheCompanyservicesundertheconsultingagreementforallreasonableout-of-pocketfeesandexpensesincurredbysuchpartyinconnectionwiththeprovisionofconsultingservicesundertheconsultingagreementandanyrelatedmatters.Reimbursem*ntofsuchexpensesshallnotbeconditionedupontheapprovalofamajorityoftheCompany’sdirectorsthatarenotaffiliatedwithSunCapitalManagement,andshallbepayableinadditiontoanyfeesthatsuchdirectorsmayapprove.

NeitherSunCapitalManagementnoranyofitsaffiliatesareliabletotheCompanyortheCompany’saffiliates,securityholdersorcreditorsfor(1)anyliabilitiesarisingoutof,relatedto,causedby,baseduponorinconnectionwiththeperformanceofservices

F-30

undertheconsultingagreement,unlesssuchliabilityisproventohaveresulteddirectlyandprimarilyfromthewillfulmisconductorgrossnegligenceofsuchpersonor(2)pursuinganyoutsideactivitiesoropportunitiesthatmayconflictwiththeCompany’sbestinterests,whichoutsideactivitiestheCompanyconsentstoandapprovesundertheconsultingagreement,andwhichopportunitiesneitherSunCapitalManagementnoranyofitsaffiliateswillhaveanydutytoinformtheCompanyof.InnoeventwilltheaggregateofanyliabilitiesofSunCapitalManagementoranyofitsaffiliatesexceedtheaggregateofanyfeespaidundertheconsultingagreement.

Inaddition,theCompanyisrequiredtoindemnifySunCapitalManagement,itsaffiliatesandanysuccessorbyoperationoflawagainstanyandallliabilities,whetherornotarisingoutoforrelatedtosuchparty’sperformanceofservicesundertheconsultingagreement,excepttotheextentproventoresultdirectlyandprimarilyfromsuchperson’swillfulmisconductorgrossnegligence.TheCompanyisalsorequiredtodefendsuchpartiesinanylawsuitswhichmaybebroughtagainstsuchpartiesandadvanceexpensesinconnectiontherewith.InthecaseofaffiliatesofSunCapitalManagementthathaverightstoindemnificationandadvancementfromaffiliatesofSunCapital,theCompanyagreestobetheindemnitoroffirstresort,tobeliableforthefullamountsofpaymentsofindemnificationrequiredbyanyorganizationaldocumentofsuchentityoranyagreementtowhichsuchentityisaparty,andthattheCompanywillnotmakeanyclaimsagainstanyaffiliatesofSunCapitalPartnersforcontribution,subrogation,exonerationorreimbursem*ntforwhichtheyareliableunderanyorganizationaldocumentsoragreement.SunCapitalManagementmay,initssolediscretion,electtoterminatetheconsultingagreementatanytime.TheCompanymayelecttoterminatetheconsultingagreementifSCSFCardinal,SunCardinaloranyoftheirrespectiveaffiliates’aggregateownershipoftheCompany’sequitysecuritiesfallsbelow30%.

Duringfiscal2018,fiscal2017andfiscal2016,theCompanyincurredexpensesof$31,$34and$121,respectively,undertheSunCapitalConsultingAgreement.

Bank of Montreal Facility

OnJune22,2017,Vince,LLCenteredintotheBMOLCLinewiththeBankofMontrealtoissuetheSpecifiedLCsforthebenefitofBofAascreditsupportfortheobligationsoutstandingunderthe2013RevolvingCreditFacilitywithBofA.TheBMOLCLinewasguaranteedbySunCapitalFundV,L.P.,anaffiliateofSunCapitalPartners.TheinitialBMOLCLinewasissuedintheamountof$5,000.ThemaximumdrawamountforallSpecifiedLCswas$10,000.TheSpecifiedLCswereneverdrawnuponandonOctober31,2017,attherequestoftheCompanyanduponthesatisfactionofcertainreleaseconditions,theBMOLCLinewasreleased.

Indemnification Agreements

TheCompanyhasenteredintoindemnificationagreementswitheachofitsexecutiveofficersanddirectors.Theindemnificationagreementsprovidetheexecutiveofficersanddirectorswithcontractualrightstoindemnification,expenseadvancementandreimbursem*nt,tothefullestextentpermittedundertheDelawareGeneralCorporationLaw.

Amended and Restated Certificate of Incorporation

TheCompany’samendedandrestatedcertificateofincorporationprovidesthatforsolongasaffiliatesofSunCapitalown30%ormoreoftheCompany’soutstandingsharesofcommonstock,SunCardinal,aSunCapitalaffiliate,hastherighttodesignateamajorityoftheCompany’sboardofdirectors.ForsolongasSunCardinalhastherighttodesignateamajorityoftheCompany’sboardofdirectors,thedirectorsdesignatedbySunCardinalmayconstituteamajorityofeachcommitteeoftheCompany’sboardofdirectors(otherthantheAuditCommittee),andthechairmanofeachofthecommittees(otherthantheAuditCommittee)maybeadirectorservingonthecommitteewhoisselectedbyaffiliatesofSunCapital,providedthat,atsuchtimeastheCompanyisnota“controlledcompany”undertheNYSEcorporategovernancestandards,theCompany’scommitteemembershipwillcomplywithallapplicablerequirementsofthosestandardsandamajorityoftheCompany’sboardofdirectorswillbe“independentdirectors,”asdefinedundertherulesoftheNYSE,subjecttoanyapplicablephaseinrequirements.

F-31

SCHEDU LE IIVALUATION AND QUALIFYING ACCOUNTS

(In thousands)

Beginning of

Period Expense Charges,net of Reversals

Deductions andWrite-offs, net of

Recoveries End of Period Sales Allowances

Fiscal2018 $ (17,611) $ (39,764) $ 50,015 (7,360)Fiscal2017 (19,711) (54,265) 56,365 (17,611)Fiscal2016 (12,846) (59,078) 52,213 (19,711)

Allowance for Doubtful Accounts Fiscal2018 (803) 53 407 (343)Fiscal2017 (275) (793) 265 (803)Fiscal2016 (188) (192) 105 (275)

Valuation Allowances on Deferred Income Taxes Fiscal2018 (92,590) (1,048) — (93,638)Fiscal2017 (122,860) (13,764) 44,034 (92,590)Fiscal2016 (1,024) (121,836) — (122,860)

F-32

Exhibit 10.28

January10,2017MarieFogel[HomeAddress]DearMarie:Congratulations!IampleasedtoprovidethisletterconfirmingyourofferofemploymentwithVince,LLC(hereafter“Vince”or“theCompany”),forthepositionofSVP,Men’s&DenimwithanexpectedstartdateJanuary23,2017.Thetermsoftheemploymentofferareasfollows: Reporting Relationship and Primary Work LocationInitially we ask that you report to Rea Laccone (our Founder) and partner with our EVPof Operations. Upon Rea’s departure fromVince, you will report toVince’sChiefExecutiveOfficer,andcontinuetopartnerwithourEVPofOperations.YouwillbebasedinourLosAngelesDesignStudio.Base Salary, Signing Bonus and Incentive BonusYourannualbasesalarywillbe$350,000.Youwillreceiveasigningbonusof$50,000tobepaid90daysafteryourdateofhire.Ifyouremploymentisterminated,voluntarilybyyouorinvoluntarilybytheCompanyforcause,withinoneyearofyourstartdate,youwillberequiredtorepaythefullamountofthesigningbonus.YouwillbeeligibletoparticipateintheCompany’sAnnualShort-TermIncentivePlan(“STIPlan”),forFiscalYear2017(February1–January31).The2017targetbonusopportunityforyourpositionunderthisplanis60%ofyourannualbasesalary,baseduponannualperformancetargetsestablishedeachfiscalyear.Long-Term Incentive AwardsSubjecttoapprovalbytheVinceBoardofDirectors,youwillreceiveanewhireequitygrantintheformof30,000stockoptions,vestingannuallyoverafouryearperiod.ThegrantwillbeissuedassoonaspracticableafterformalBoardapproval.The official grant agreement, which will cover the vesting schedule, expiration rules, and other terms and conditions, will be provided at the time the grant isformallyissued.YouwillalsobeeligibletoparticipateintheongoingannualLong-TermIncentiveProgram.TheCompany’sBoardofDirectorswilldeterminethetargetamountandterms(suchasequitymixandvestingschedule)oftheannualawardseachyear, basedupontheCompany’sperformanceaswell asmarket conditionsandotherfactors.BenefitsYou will be eligible to participate in and receive benefits under any existing employee benefit plan or similar arrangement generally available for employees,including medical, dental, and vision coverage, 401(k), disability and life insurance. Medical, Dental and Vision coverage will begin on the first of the monthfollowingthecompletionof30daysofemployment.Youwillautomaticallybeenrolledinthecompany’s401kprogramonthefirstofthemonthfollowingthecompletionof30daysofemployment.AsummaryofVince’scurrentbenefitsisenclosed.

Youwill accrue four (4) weeks of vacationper annum(pro-rated for the first year of employment) as well as all Companypaid holidays andpersonal days inaccordance with the Company’s standard vacation and holiday policies. Vacation time is accrued at 6.15 hours per pay period. All vacation time to be earnedduringtheyearisavailabletotakeasofJanuary1steachyeareventhoughyouactuallyearnitastheyearproceeds.YouareeligibletoreceiveVince’sassociatediscountof75%offapparelmerchandiseand50%offlicensedmerchandiseinretailstoresandonline,beginningonyourfirstdayofemployment.InaccordancewiththeCompany’sclothingallowancepolicy,youwillreceiveanallowanceintheamountof$6,000perfiscalyear(pro-ratedforthefirstyearofemployment)withafullallowanceofanadditional$6,000asofJanuary31,2017.Yourallowancewillbecalculatedbasedon75%offthewholesalepriceofeachitem of clothing. Please note that receiving a clothing allowance is considered a taxable benefit and, as a result, the applicable income taxes associated withreceivingthisbenefitwillbeapplied.Clothingallowanceisdeterminedbyyourposition,department’sfunction,andyourfrequencyofcustomer-facingactivity.Theclothingallowancepolicy,includingtheamountoftheallowance,issubjecttochangewithorwithoutnotice.Youmayberequested,occasionallyandforreasonableperiodsoftime,totravelforbusinesspurposes.AlltravelwillbeatthecostoftheCompanyandwillbepaidorreimbursedbytheCompanyinaccordancewiththeCompany’sTravel&EntertainmentPolicyasineffect.WhentravelingonbehalfoftheCompany,youwillbeeligibletoflyBusinessClassona7amflightfromtheNewYorkmetroareaoronared-eyeflightfromLosAngeles.Youwillbeeligibletoreceiveacorporatecreditcard,aniPadandaniPhonefromtheCompany.Relocation TosupportyourrelocationtoLosAngeles,theCompanywillpayfortemporarilycorporatehousingforuptothree(3)monthsfromthefirstdayofemployment.The Company will pay for two roundtrip flights (coach airfare) for your husband to fly to Los Angeles for the purpose of finding permanent housing in LosAngeles.TheCompanywillpayfortheuseofastoragefacilityforuptotwo(2)monthsfromthefirstdayofemployment.OnceyouconfirmpermanenthousinginLosAngeles,theCompanywillpayformoverstopackyourbelongingsinNewYork,andunpacktheminLosAngeles.Therealestateportionoftherelocationprocessisyourresponsibility.Ifyouremploymentisterminated,voluntarilybyyouorinvoluntarilybytheCompanyforcause,withinoneyearofyourstartdate,youwillberequiredtorepaythesumtotaloftherelocationexpenses. SeveranceIfyouremploymentisterminatedbytheCompanywithout“cause”(assuchtermisdefinedintheCompany’sstockoptionplan),thensubjecttotheexecutionofasatisfactory release by you, you will receive severance payments, equivalent to your then current base rate of pay, for the next six (6) months or until otheremploymentisearliersecured.Ifyouare,asoftheterminationdate,enrolledintheCompany’smedicalanddentalplans,thenyouwillcontinuetoreceivemedicalanddental coverageinaccordancewiththeCompany’splansthat aretheninplaceuntil theendofthesalarycontinuationperiodor, at theCompany’soption,coverageunderanothermedicaland/ordentalplan.

Restrictive CovenantsNoticePeriodRequirement.Shouldyouvoluntarilyresignyouremployment,youshallprovidetheCompanywithasixty(60)dayworkingnoticeperiod.Duringthisnoticeperiod,youagreetocontinueperformingallofthefunctionsandresponsibilitiesofyourposition,continuetogiveyourfulltimeandattentiontosuchresponsibilities,andassisttheCompanyinpreparingforyourdeparture.Non-Compete.Duringyouremploymentandforaperiodoftwelve(12)monthsthereafter, youshall not directly orindirectly(i) source, manufacture, produce,design, develop, promote, sell, license, distribute, or market anywhere in the world (the “Territory”) any contemporary apparel, accessories or related products(“Competitive Products”) or (ii) own, manage, operate, be employed by, participate in or have any interest in any other business or enterprise engaged in thedesign,production,distributionorsaleofCompetitiveProductsanywhereintheTerritory;provided,however,thatnothinghereinshallprohibityoufrombeingapassiveownerofnotmorethanfivepercent(5%)oftheoutstandingstockofanyclassofsecuritiesofacorporationorotherentityengagedinsuchbusinesswhichispubliclytraded, solongasyouhavenoactiveparticipationinthebusinessofsuchcorporationorotherentity. Thisparagraphwill not applyandwill not beenforcedbytheCompanywithrespecttopost-terminationactivitybyyouthatoccursinCaliforniaorinanyotherstateinwhichthisprohibitionisnotenforceableunderapplicablelaw.Non-solicit,Non-interference.Duringyouremploymentandforaperiodoftwelve(12)monthsthereafteryoushallnot,exceptinfurtheranceofyourdutiesduringyouremploymentwiththeCompany,directlyorindirectly,individuallyoronbehalfofanyotherperson,firm,corporationorotherentity,(A)solicitorinduceanyemployee,consultant,representativeoragentoftheCompanyoranyofitsaffiliates,toleavesuchemploymentorretentionortoacceptemploymentwithorrenderservicestoorwithanyotherperson,firm,corporationorotherentityunaffiliatedwiththeCompanyorhireorretainanysuchemployee,consultant,representativeor agent, or take any action to materially assist or aid any other person, firmcorporation or other entity in identifying, hiring or soliciting any suchemployee,consultant,representativeoragent,or(B)interfere,oraidorinduceanyotherpersonorentityininterfering,withtherelationshipbetweentheCompanyoranyofitsaffiliatesandtheirrespectivecustomers,suppliers,vendors,jointventures,distributionpartners,franchisees,licensors,licenseesoranyotherbusinessrelationoftheCompanyoritsaffiliates.Anypersondescribedinsubparagraph(A)aboveshallbedeemedcoveredbythisparagraphwhilesoemployedorretainedandforaperiodoftwelve(12)monthsthereafter,unlesssuchperson’semploymenthasbeenterminatedbytheCompany.Non-disparagement.Duringyourperiodofemploymentandthereafter,neitheryounortheCompanyshallmakeanynegativecommentsorotherwisedisparagetheotherpartyor,inthecaseoftheCompany’soritsaffiliates’officers,directors,employees,shareholders,agents,productsorbusiness,ortakeanyaction,includingmakinganypublicstatementsorpublishingorparticipatinginthepublicationofanyaccountsorstoriesrelatingtoanypersons,entities, productsorbusinesseswhichnegativelyimpactsorbringssuchperson,entity,productorbusinessintopublicridiculeordisreputeexceptiftestifyingtruthfullyunderoathpursuanttosubpoenaorotherlegalprocess,inwhicheventyouagreetoprovidetheCompany,asappropriate,withnoticeofsubpoenaandopportunitytorespond. Compliance with Law Thisletterisintendedtocomplywithapplicablelaw.Withoutlimitingtheforegoing,thisletterisintendedtocomplywiththerequirementsofsection409AoftheInternalRevenueCode("409A"),and,specifically,withtheseparationpayandshorttermdeferralexceptionsof409A.Notwithstandinganythinginthelettertothecontrary,separationpaymayonlybemadeupona"separationfromservice"under409Aandonlyinamannerpermittedby409A.Forpurposesof409A,therighttoaseriesofinstallmentpaymentsunderthislettershallbetreatedasarighttoaseriesofseparatepayments.Innoeventmayyou,directlyorindirectly,designate the calendar year of a payment. All reimbursem*nts and in-kind benefits provided in this letter shall be made or provided in accordance with therequirementsof409A(including,whereapplicable,thereimbursem*ntrulessetforthintheregulationsissuedunder409A).Ifyouarea"specifiedemployee"ofapubliclytradedcorporationonyourterminationdate(asdeterminedbytheCompanyinaccordancewith409A),totheextentrequiredby409A,separationpaydueunderthis letter will bedelayedfor aperiodofsix(6) months. Anyseparationpaythat is postponedbecauseof409Awill bepaidtoyou(or, if youdie, yourbeneficiary)within30daysaftertheendofthesix-monthdelayperiod.

MiscellaneousPleasebeadvisedthatthisofferiscontingentuponthefavorableoutcomeofbackgroundandreferencechecks.Pleasealsobeadvisedthatyouremploymentisforan indefinite period and is terminable at the will of either the Company or you, with or without cause at any time, subject only to such limitations as may beimposedbylawand/orthetermsofthisletter.Thisofferofemploymentiscontingentonyounotbeingsubjecttoanyrestrictivecovenantswhichwouldimpactyourabilitytoperformtheservicescontemplated(oryouhavingdeliveredtousaneffectivewaiverthereof).Bysigningbelow,youareconfirmingtousthatyouare not presently subject to or otherwise boundby a non-compete, confidentiality or other restriction with any person or company with respect to any prior orexistingemployment,investmentorotherrelationship.You will receive an orientation packet with employment paperwork and benefit plan enrollment materials. Please review closely the Employment EligibilityVerificationrequirementsandlistofacceptabledocumentsontheFormI-9andbringwithyoutheappropriatepersonalidentification.Onevoidedcheckwillalsoberequiredtosetupyourdirectdepositaccountforpayroll.PleasebringtheentirepacketandrequesteddocumentationtoHumanResourcesonyourfirstday. WeareconfidentthatyouwillmakesignificantcontributionsatVinceandwelookforwardtoyoujoiningourteam.Ifyouagreetotheemploymenttermslisted,pleasesignacopyofthislettertoacknowledgeyouragreementwithitsconditionsandreturnitviaemailtoMelissaWallaceat[emailprotected].Sincerely,/s/BrendanHoffman BrendanHoffman ChiefExecutiveOfficer /s/MelissaWallace MelissaWallace SeniorVicePresident,HumanResources Accepted: /s/MarieFogel February11,2017MarieFogel Date

Exhibit 10.29

July11,2017MarieFogel[HomeAddress]DearMarie,Congratulations!TheVinceleadershipteamhasidentifiedyouaskeytalentthatwillhelpdriveourcompany’ssuccess.Therefore,IampleasedtoconfirmyourpromotionwithVince!Followingarethetermsassociatedwithyournewposition:EffectiveDate: June25th,2017 Title: SeniorVicePresident,MerchandisingandProductDevelopment ReportsTo: ChiefExecutiveOfficer BaseCompensation: Yourannualbasesalarywillbe$400,000.Youwillbepaidonabi-weeklybasis(26payperiodsperyear).Thispositionis

classifiedasexempt.Assuch,youare/arenoteligibleforovertimepayforhoursworkedover40hoursinoneweek.WeareconfidentthatyouwillcontinuetomakesignificantcontributionsatVinceandwelookforwardtoyourfuturesuccess!Allothertermsandconditionsofyouremploymentapply,asstatedinyouroriginalofferletter.Theemploymentrelationshipremainsat-will,meaningbothyouandtheCompanyhavetherighttoterminateyouremploymentatanytime,foranyreason,withorwithoutcause,andwithoutpriornotice.Ifyouagreetotheemploymenttermslisted,pleasesignthisletterandreturnitviaemailtoHRat[emailprotected].Sincerely,/s/MelissaWalalce July11,2017MelissaWallace DateSVP,HumanResources Agreed&Acknowledged/s/MarieFogel July11,2017MarieFogel Date

Exhibit 10.30

June29,2018MarieFogel[HomeAddress]DearMarie:WearepleasedtoconfirmthefollowingupdatestothetermsofyouremploymentwithVince,LLC(“Vince”orthe“Company”),effectiveimmediately:Base Salary and Incentive Bonus$600,000annualsalarytobepaidonabi-weeklybasis(26payperiodsperyear).Vincemayinitssolediscretionrequestthatyouoverseesourcinginadditiontoyourcurrentrole.Thisnewannualbasesalarypresumes,butisnotconditionedupon,suchroleexpansion.YournewannualsalarywilltakeeffectonJuly2,2018.YoucontinuetobeeligibletoparticipateintheCompany’sAnnualShort-TermIncentivePlanwithatargetbonusopportunityat70%ofyourannualbasesalary,baseduponannualperformancetargetsestablishedeachfiscalyear. One-Time Equity GrantSubjecttoapprovalbytheBoardofDirectors(the“Board”)ofVinceHoldingCorp.(“VHC”),theultimateparentcompanyofVince,oracommitteethereof,youwill receive a one-timeequity grant in the formof 12,500restricted stockunits, vestingannually over a four-year period. Thegrant will be issuedas soonaspracticableaftertheapprovalbytheBoard.AllequityawardsaresubjecttothetermsofVHC’sAmendedandRestated2013OmnibusIncentivePlan(the“Plan”)andapplicablegrantagreements. SeveranceIfyouremploymentisterminatedbytheCompanywithout“cause”(assuchtermisdefinedinthePlan),thensubjecttotheexecutionofasatisfactoryreleasebyyou,youwillreceiveseverancepayments,equivalenttoyourthencurrentbaserateofpay,forthenexttwelve(12)monthsoruntilotheremploymentisearliersecured.Ifyouare,asoftheterminationdate,enrolledinthecompany’smedicalanddentalplans,andmakeatimelyelectionofcontinuedhealthbenefitcoverageunderCOBRA,thenyouwillcontinuetoreceivemedicalanddentalcoverageinaccordancewiththecompany’splansthataretheninplaceuntiltheendofthesalarycontinuationperiodor,atthecompany’soption,coverageunderanothermedicaland/ordentalplan.Allothertermsofyouremploymentshallremainthesamepursuanttotheemploymentletter,datedJanuary10,2017andacceptedbyyouonFebruary11,2017,aswellasyourpromotionletterdatedJuly11,2017(collectively,the“EmploymentAgreement”),includingtheat-willnatureofyouremployment.IntheeventofinconsistencybetweenthetermsofthisletterandtheEmploymentAgreement,thetermsofthislettershallgovern.Ilookforwardtoyourcontinuedsuccess!

Sincerely,/s/BrendanHoffman June29,2018BrendanHoffman DateChiefExecutiveOfficer Agreed&Acknowledged/s/MarieFogel June29,2018MarieFogel Date

5005thAvenue,20thFloorNYC10110

Exhibit 10.33RESTRICTEDSTOCKUNITAGREEMENTPURSUANTTO

THEVINCEHOLDINGCORP.2013OMNIBUSINCENTIVEPLAN

Participant:[NAME]

GrantDate:[DATE]NumberofRestrictedStockUnitsGranted:[NUMBER]

THISRESTRICTEDSTOCKUNITAWARDAGREEMENT(this"Agreement"),datedasoftheGrantDatespecifiedabove,isenteredintobyandbetweenVinceHoldingCorp.,acorporationorganizedintheStateofDelaware(the"Company"),andtheParticipantspecifiedabove,pursuanttotheVinceHoldingCorp.2013OmnibusIncentivePlan,asineffectandasamendedfromtimetotime(the"Plan"),whichisadministeredbytheCommittee;and

WHEREAS, it has been determined under the Plan that it would be in the best interests of the Company to grant the

RestrictedStockUnits("RSUs")providedhereintotheParticipant.

NOW,THEREFORE,inconsiderationofthemutualcovenantsandpromiseshereinaftersetforthandforothergoodandvaluableconsideration,thepartiesheretoherebymutuallycovenantandagreeasfollows:

1. Incorporation by Reference; Plan Document Receipt . This Agreement is subject in all respects to thetermsandprovisionsofthePlan(including,withoutlimitation,anyamendmentstheretoadoptedatanytimeandfromtimetotimeunlesssuchamendmentsareexpresslyintendednottoapplytotheAwardprovidedhereunder),allofwhichtermsandprovisionsaremadeapartofandincorporatedinthisAgreementasiftheywereeachexpresslysetforthherein.AnycapitalizedtermnotdefinedinthisAgreementshallhavethesamemeaningasisascribedtheretointhePlan.TheParticipantherebyacknowledgesreceiptofatruecopyofthePlanandthattheParticipanthasreadthePlancarefullyandfullyunderstandsitscontent.IntheeventofanyconflictbetweenthetermsofthisAgreementandthetermsofthePlan,thetermsofthePlanshallcontrol.

2.Grant of Restricted Stock Unit Award . The Company hereby grants to the Participant, as of the GrantDate specified above, thenumber of RSUsspecified above. Except as otherwise providedbythe Plan, the Participant agrees andunderstandsthatnothingcontainedinthisAgreementprovides,orisintendedtoprovide,theParticipantwithanyprotectionagainstpotentialfuturedilutionoftheParticipant'sinterestintheCompanyforanyreason,andnoadjustmentsshallbemadefordividendsin cash or other property, distributions or other rights in respect of the shares of CommonStock underlying the RSUs, except asotherwisespecificallyprovidedforinthePlanorthisAgreement.

3.Vesting.

(a) Subject to the remaining provisions of Section 3 hereof, the RSUs subject to this Award shallbecomefullyvestedupontheoccurrenceofanyofthefollowing,providedthattheParticipanthasnotincurredaTerminationpriortosuchoccurrence:

(i) AtransactioncoveredbySection11.2(d)ofthePlan;

(ii) (A)AtransactioncoveredbySection11.2(a)ofthePlan;and(B)SunCapitalPartners,Inc.anditsaffiliates(collectively,“SunCapital”) becomingthebeneficial owner, directlyorindirectly, of securities of the Company representing 30%or less of the combined votingpoweroftheCompany’sthenoutstandingsecurities;or

(iii) Except to the extent covered by Sections 3(a)(i) and (ii) above, in the event of aParticipant’s termination by the Company or any of its Subsidiaries other than for Cause(andotherthanduetotheParticipant’sdeath,DisabilityorvoluntaryTermination)withinatwelve (12) month period following: (A) Sun Capital’s becoming the beneficial owner,directly or indirectly, of securities of the Company representing 30% or less of thecombined voting power of the Company’s then outstanding securities or (B) a Change inControl.

Thereshallbenoproportionateorpartialvestingintheperiodspriortoeachvestingeventandallvestingshalloccuronlyontheappropriatevestingeventdate,subjecttotheParticipant'scontinuedservicewiththeCompanyoranyofitsSubsidiariesoneachapplicablevestingeventdate.

(b) Committee Discretion to Accelerate Vesting. Notwithstanding the foregoing, the Committee may, initssolediscretion,provideforacceleratedvestingoftheRSUsatanytimeandforanyreason.

(c) Forfeiture . Subject to the Committee's discretion to accelerate vesting hereunder, all unvested RSUsshallbeimmediatelyforfeitedupontheParticipant'sTerminationforanyreason.

(d) Employment Agreement . In the event that the Participant is a party to an employment agreementwiththeCompanythatisineffectasoftheGrantDate(an"EmploymentAgreement")andsuchEmploymentAgreementprovidesfortheaccelerationofalloranyportionthevestingoftheRSUsuponcertainspecifiedTerminations,theRSUswillaccelerateinaccordancewiththetermsprovidedintheEmploymentAgreement.

4.DeliveryofShares.

vestingdate;providedthattheParticipantshallbeobligatedtopaytotheCompanytheaggregateparvalueofthesharesofCommonStocktobeissuedwithinten(10)daysfollowingtheissuanceofsuchsharesunlesssuchshareshavebeenissuedbytheCompanyfromtheCompany'streasury.

(b) Blackout Periods . If the Participant is subject to any Company "blackout" policy or other tradingrestrictionimposedbytheCompanyonthedatesuchdistributionwouldotherwisebemadepursuant toSection4(a)hereof, suchdistributionshallbeinsteadmadeontheearlierof(i)thedatethattheParticipantisnotsubjecttoanysuchpolicyorrestrictionand(ii)thelaterof(A)theendofthecalendaryearinwhichsuchdistributionwouldotherwisehavebeenmadeand(B)adatethatisimmediately prior to the expiration of two and one-half months following the date such distribution would otherwise have beenmadehereunder.

(c) Deferrals . If permitted by the Company, the Participant may elect, subject to the terms andconditionsofthePlanandanyotherapplicablewrittenplanorprocedureadoptedbytheCompanyfromtimetotimeforpurposesofsuchelection,todeferthedistributionofalloranyportionofthesharesofCommonStockthatwouldotherwisebedistributedtotheParticipanthereunder(the"DeferredShares"),consistentwiththerequirementsofSection409AoftheCode.UponthevestingofRSUsthathavebeensodeferred,theapplicablenumberofDeferredSharesshallbecreditedtoabookkeepingaccountestablishedon the Participant's behalf (the "Account "). Subject to Section 5 hereof, the number of shares of Common Stock equal to thenumberofDeferredSharescreditedtotheParticipant'sAccountshallbedistributedtotheParticipantinaccordancewiththetermsandconditionsofthePlanandtheotherapplicablewrittenplansorproceduresoftheCompany,consistentwiththerequirementsofSection409AoftheCode.

5. Dividends;RightsasStockholder.CashdividendsonsharesofCommonStockissuablehereundershallbecreditedtoadividendbookentryaccountonbehalfoftheParticipantwithrespecttoeachRSUgrantedtotheParticipant,providedthatsuchcashdividendsshallnotbedeemedtobereinvestedinsharesofCommonStockandshallbehelduninvestedandwithout interest and paid in cash at the same time that the shares of Common Stock underlying the RSUs are delivered to theParticipant inaccordancewiththeprovisionshereof. StockdividendsonsharesofCommonStockshall becreditedtoadividendbook entry account on behalf of the Participant with respect to each RSU granted to the Participant, provided that such stockdividends shall be paid in shares of CommonStockat the sametimethat the shares of CommonStock underlying the RSUsaredeliveredtotheParticipantinaccordancewiththeprovisionshereof.Exceptasotherwiseprovidedherein,theParticipantshallhavenorights as a stockholder with respect to anyshares of CommonStockcoveredbyanyRSUunless anduntil the Participant hasbecometheholderofrecordofsuchshares.

6. Non-Transferability . No portion of the RSUs may be sold, assigned, transferred, encumbered,hypothecated or pledged by the Participant, other than to the Company as a result of forfeiture of the RSUs as provided herein,unlessanduntilpaymentismadeinrespectofvestedRSUsinaccordancewiththeprovisionshereofandtheParticipanthasbecometheholderofrecordofthevestedsharesofCommonStockissuablehereunder.

7. Governing Law , All questions concerning the construction, validity and interpretation of thisAgreementshallbegovernedby,andconstruedinaccordancewith,thelawsoftheStateofDelaware,withoutregardtothechoiceoflawprinciplesthereof.

8. Withholding of Tax . The Company shall have the power and the right to deduct or withhold, orrequiretheParticipanttoremittotheCompany,anamountsufficienttosatisfyanyfederal,state,localandforeigntaxesofanykind(including, but not limited to, the Participant's FICA and SDI obligations) which the Company, in its sole discretion, deemsnecessarytobewithheldorremittedtocomplywiththeCodeand/oranyotherapplicablelaw,ruleorregulationwithrespecttotheRSUsand, if the Participant fails to do so, the Company mayotherwise refuse to issue or transfer any shares of CommonStockotherwise required to be issued pursuant to this Agreement. Any statutorily required withholding obligation with regard to theParticipant maybe satisfied by reducing the amount of cash or shares of CommonStock otherwise deliverable to the Participanthereunder,butonlytotheextentareductioninsharesdoesnothaveanadverseaccountingimpactontheCompany.

9. Legend . The Company may at any time place legends referencing any applicable federal, state orforeignsecuritieslawrestrictionsonall certificatesrepresentingsharesofCommonStockissuedpursuanttothisAgreement. TheParticipant shall, at the request of the Company, promptly present to the Company any and all certificates representing shares ofCommonStockacquiredpursuanttothisAgreementinthepossessionoftheParticipantinordertocarryouttheprovisionsofthisSection9.

10. Securities Representations . This Agreement is being entered into by the Company in reliance uponthe following express representations and warranties of the Participant. The Participant hereby acknowledges, represents andwarrantsthat:

(a)The Participant has been advised that the Participant may be an "affiliate" within the meaning of Rule144undertheSecuritiesActandinthisconnectiontheCompanyisrelyinginpartontheParticipant'srepresentationssetforthinthisSection10.

(b) If the Participant is deemed an affiliate within the meaning of Rule 144 of the Securities Act, thesharesofCommonStockissuablehereundermustbeheldindefinitelyunlessanexemptionfromanyapplicableresalerestrictionsisavailable or the Company files an additional registration statement (or a "re-offer prospectus") with regard to such shares ofCommonStockandtheCompanyisundernoobligationtoregistersuchsharesofCommonStock(ortofilea"re-offerprospectus").

(c) If the Participant is deemed an affiliate within the meaning of Rule 144 of the Securities Act, theParticipant understands that (i) the exemption fromregistration under Rule 144 will not be available unless (A) a public tradingmarketthenexistsfortheCommonStockoftheCompany,(B)adequateinformationconcerningtheCompanyisthenavailabletothepublic,and(C)othertermsandconditionsofRule144oranyexemptiontherefromarecompliedwith,and(ii)anysaleofthesharesofCommonStockissuablehereundermaybemadeonlyinlimitedamountsinaccordancewiththetermsandconditionsofRule144oranyexemptiontherefrom.

11. Entire Agreement; Amendment . This Agreement, together with the Plan, contains the entireagreementbetweenthepartiesheretowithrespecttothesubjectmattercontainedherein,andsupersedesallprioragreementsorpriorunderstandings,whetherwrittenororal,betweenthepartiesrelatingtosuchsubjectmatter.TheCommitteeshallhavetheright,inits sole discretion, to modify or amend this Agreement from time to time in accordance with and as provided in the Plan. ThisAgreementmayalsobemodifiedoramendedbyawritingsignedbyboththeCompanyandtheParticipant.TheCompanyshallgivewrittennoticetotheParticipantofanysuchmodificationoramendmentofthisAgreementassoonaspracticableaftertheadoptionthereof.

12.Notices . Any notice hereunder by the Participant shall be given to the Company in writing and suchnoticeshallbedeemeddulygivenonlyuponreceiptthereofbytheGeneralCounseloftheCompany.AnynoticehereunderbytheCompanyshallbegiventotheParticipantinwritingandsuchnoticeshallbedeemeddulygivenonlyuponreceiptthereofatsuchaddressastheParticipantmayhaveonfilewiththeCompany.

13.No Right to Employment . Any questions as to whether and when there has been a Termination andthecauseofsuchTerminationshallbedeterminedinthesolediscretionoftheCommittee.NothinginthisAgreementshallinterferewith or limit in any way the right of the Company, its Subsidiaries or its Affiliates to terminate the Participant's employment orserviceatanytime,foranyreasonandwithorwithoutCause.

14. Transfer of Personal Data . The Participant authorizes, agrees and unambiguously consents to thetransmission by the Company (or any Subsidiary) of any personal data information related to the RSUs awarded under thisAgreement for legitimate business purposes (including, without limitation, the administrationof the Plan). This authorizationandconsentisfreelygivenbytheParticipant.

15.Compliance with Laws . The grant of RSUs and the issuance of shares of Common Stock hereundershallbesubjectto,andshallcomplywith,anyapplicablerequirementsofanyforeignandU.S.federalandstatesecuritieslaws,rulesandregulations(including,withoutlimitation,theprovisionsoftheSecuritiesAct,theExchangeActandineachcaseanyrespectiverulesandregulationspromulgatedthereunder) andanyotherlaw,ruleregulationorexchangerequirement applicable thereto. TheCompanyshallnotbeobligatedtoissuetheRSUsoranysharesofCommonStockpursuanttothisAgreementifanysuchissuancewould violate any such requirements. As a condition to the settlement of the RSUs, the Company may require the Participant tosatisfyanyqualificationsthatmaybenecessaryorappropriatetoevidencecompliancewithanyapplicablelaworregulation.

16.Binding Agreement; Assignment . This Agreement shall inure to the benefit of, be binding upon, andbeenforceablebytheCompanyanditssuccessorsandassigns.TheParticipantshallnotassign(exceptinaccordancewithSection6hereof)anypartofthisAgreementwithoutthepriorexpresswrittenconsentoftheCompany.

17.Headings . The titles and headings of the various sections of this Agreement have been inserted forconvenienceofreferenceonlyandshallnotbedeemedtobeapartofthisAgreement.

18.Counterparts . This Agreement may be executed in one or more counterparts, each of which shall bedeemedtobeanoriginal,butallofwhichshallconstituteoneandthesameinstrument.

19. Further Assurances . Each party hereto shall do and perform (or shall cause to be done andperformed)allsuchfurtheractsandshallexecuteanddeliverallsuchotheragreements,certificates,instrumentsanddocumentsaseitherpartyheretoreasonablymayrequestinordertocarryouttheintentandaccomplishthepurposesofthisAgreementandthePlanandtheconsummationofthetransactionscontemplatedthereunder.

20. Severability . The invalidity or unenforceability of any provisions of this Agreement in anyjurisdiction shall not affect the validity, legality or enforceability of the remainder of this Agreement in such jurisdiction or thevalidity,legalityorenforceabilityofanyprovisionofthisAgreementinanyotherjurisdiction,itbeingintendedthatallrightsandobligationsofthepartieshereundershallbeenforceabletothefullestextentpermittedbylaw.

21.Acquired Rights . The Participant acknowledges and agrees that: (a) the Company may terminate oramendthePlanatanytime;(b)theAwardofRSUsmadeunderthisAgreementiscompletelyindependentofanyotherawardorgrant and is made at the sole discretion of the Company; (c) no past grants or awards (including, without limitation, the RSUsawarded hereunder) give the Participant any right to any grants or awards in the future whatsoever; and (d) any benefits grantedunderthisAgreementarenotpartoftheParticipant'sordinarysalary,andshallnotbeconsideredaspartofsuchsalaryintheeventofseverance,redundancyorresignation.

22.Expiration.TheRSUsshallexpireonthesecondanniversaryofthegrantdate.

INWITNESSWHEREOF,thepartiesheretohaveexecutedthisAgreementasofthedatefirstwrittenabove.

VINCEHOLDINGCORP.[NAME][TITLE]PARTICIPANT:[NAME]

Exhibit 10.34RESTRICTEDSTOCKUNITAGREEMENTPURSUANTTO

THEVINCEHOLDINGCORP.2013OMNIBUSINCENTIVEPLAN

Participant:[NAME]

GrantDate:[DATE]NumberofRestrictedStockUnitsGranted:[NUMBER]

WHEREAS, it has been determined under the Plan that it would be in the best interests of the Company to grant the

RestrictedStockUnits("RSUs")providedhereintotheParticipant.

NOW,THEREFORE,inconsiderationofthemutualcovenantsandpromiseshereinaftersetforthandforothergoodandvaluableconsideration,thepartiesheretoherebymutuallycovenantandagreeasfollows:

1. Incorporation by Reference; Plan Document Receipt . This Agreement is subject in all respects to thetermsandprovisionsofthePlan(including,withoutlimitation,anyamendmentstheretoadoptedatanytimeandfromtimetotimeunlesssuchamendmentsareexpresslyintendednottoapplytotheAwardprovidedhereunder),allofwhichtermsandprovisionsaremadeapartofandincorporatedinthisAgreementasiftheywereeachexpresslysetforthherein.AnycapitalizedtermnotdefinedinthisAgreementshallhavethesamemeaningasisascribedtheretointhePlan.TheParticipantherebyacknowledgesreceiptofatruecopyofthePlanandthattheParticipant hasreadthePlancarefullyandfullyunderstandsits content. IntheeventofanyconflictbetweenthetermsofthisAgreementandthetermsofthePlan,thetermsofthePlanshallcontrol.

2.Grant of Restricted Stock Unit Award . The Company hereby grants to the Participant, as of the GrantDate specified above, the number of RSUsspecified above. Except as otherwise provided bythe Plan, the Participant agrees andunderstandsthatnothingcontainedinthisAgreementprovides,orisintendedtoprovide,theParticipantwithanyprotectionagainstpotentialfuturedilutionoftheParticipant'sinterestintheCompanyforanyreason,andnoadjustmentsshallbemadefordividendsin cash or other property, distributions or other rights in respect of the shares of CommonStock underlying the RSUs, except asotherwisespecificallyprovidedforinthePlanorthisAgreement.

3.Vesting.

(a)Subject to the remaining provisions of Section 3 hereof, the RSUs subject to this Award shall becomevested as follows, provided that the Participant has not incurred a Termination prior to each such vesting date: [APPLICABLEVESTINGDATES]

Thereshallbenoproportionateorpartialvestingintheperiodspriortoeachvestingdateandallvestingshalloccuronlyontheappropriate vestingdate, subjecttotheParticipant's continuedservicewiththeCompanyoranyofitsSubsidiariesoneachapplicablevestingdate.

(b) Committee Discretion to Accelerate Vesting. Notwithstanding the foregoing, the Committee may, initssolediscretion,provideforacceleratedvestingoftheRSUsatanytimeandforanyreason.

(c)Accelerated Vesting. The RSUs, to the extent unvested and outstanding as of the occurrence of any ofthefollowing,shallbecomefullyvesteduponsuchoccurrence:

(i) AtransactioncoveredbySection11.2(d)ofthePlan;

(ii) (A)AtransactioncoveredbySection11.2(a)ofthePlan;or(B)SunCapitalPartners, Inc.anditsaffiliates(collectively,“SunCapital”)(collectively,“SunCapital”)becomingthebeneficial owner, directly or indirectly, of securities of the Company representing 30%orlessofthecombinedvotingpoweroftheCompany’sthenoutstandingsecurities;or

(iii) ExcepttotheextentcoveredbySections3(c)(i)and(ii)above,intheeventofaParticipant’sterminationbytheCompanyoranyofitsSubsidiariesotherthanforCause(andotherthandue to the Participant’s death, Disability or voluntary Termination) within a twelve (12)month period following: (A) Sun Capital’s becoming the beneficial owner, directly orindirectly, of securities of the Company representing 30% or less of the combined votingpoweroftheCompany’sthenoutstandingsecuritiesor(B)aChangeinControl.

(d) Forfeiture . Subject to the Committee's discretion to accelerate vesting hereunder, all unvested RSUsshallbeimmediatelyforfeitedupontheParticipant'sTerminationforanyreason.

(e) Employment Agreement . In the event that the Participant is a party to an employment agreementwiththeCompanythatisineffectasoftheGrantDate(an"EmploymentAgreement")andsuchEmploymentAgreementprovidesfortheaccelerationofalloranyportionthevestingoftheRSUsuponcertainspecifiedTerminations,theRSUswillaccelerateinaccordancewiththetermsprovidedintheEmploymentAgreement.

4.DeliveryofShares.

(a)General . Subject to the provisions of Sections 4(b) and 4(c) hereof, within thirty (30) days followingthevestingoftheRSUs,theParticipantshallreceivethenumberofsharesofCommonStockthatcorrespondtothenumberofRSUsthathavebecomevestedontheapplicablevestingdate;providedthattheParticipantshallbeobligatedtopaytotheCompanytheaggregateparvalueofthesharesofCommonStocktobeissuedwithinten(10)daysfollowingtheissuanceofsuchsharesunlesssuchshareshavebeenissuedbytheCompanyfromtheCompany'streasury.

(b) Blackout Periods . If the Participant is subject to any Company "blackout" policy or other tradingrestrictionimposedbytheCompanyonthedate suchdistributionwouldotherwise bemadepursuant toSection4(a) hereof, suchdistributionshallbeinsteadmadeontheearlierof(i)thedatethattheParticipantisnotsubjecttoanysuchpolicyorrestrictionand(ii)thelaterof(A)theendofthecalendaryearinwhichsuchdistributionwouldotherwisehavebeenmadeand(B)adatethatisimmediatelypriortotheexpirationoftwoandone-halfmonthsfollowingthedatesuchdistributionwouldotherwisehavebeenmadehereunder.

5. Dividends;RightsasStockholder .CashdividendsonsharesofCommonStockissuablehereundershallbecreditedtoadividendbookentryaccountonbehalfoftheParticipantwithrespecttoeachRSUgrantedtotheParticipant,providedthatsuchcashdividendsshallnotbedeemedtobereinvestedinsharesofCommonStockandshallbehelduninvestedandwithout interest and paid in cash at the same time that the shares of Common Stock underlying the RSUs are delivered to theParticipant inaccordancewiththeprovisions hereof. Stockdividends onshares of CommonStockshall becreditedtoa dividendbook entry account on behalf of the Participant with respect to each RSU granted to the Participant, provided that such stockdividends shall be paid in shares of CommonStock at the sametime that the shares of CommonStock underlying the RSUs aredeliveredtotheParticipantinaccordancewiththeprovisionshereof.Exceptasotherwiseprovidedherein,theParticipantshallhavenorights as a stockholder with respect to anyshares of CommonStock covered byanyRSUunless anduntil the Participant hasbecometheholderofrecordofsuchshares.

6. Non-Transferability . No portion of the RSUs may be sold, assigned, transferred, encumbered,hypothecatedorpledgedbytheParticipant,otherthantotheCompanyasaresultofforfeitureoftheRSUsasprovidedherein,unlessanduntilpaymentismadeinrespectofvestedRSUsinaccordancewiththeprovisionshereofandtheParticipanthasbecometheholderofrecordofthevestedsharesofCommonStockissuablehereunder.

8. Withholding of Tax . The Company shall have the power and the right to deduct or withhold, orrequiretheParticipanttoremittotheCompany,anamountsufficienttosatisfyanyfederal,state,localandforeigntaxesofanykind(including, but not limited to, the Participant's FICA and SDI obligations) which the Company, in its sole discretion, deemsnecessarytobewithheldorremittedtocomplywiththeCodeand/oranyotherapplicablelaw,ruleorregulationwithrespecttotheRSUs and, if the Participant fails to do so, the Company may otherwise refuse to issue or transfer any shares of CommonStockotherwise required to be issued pursuant to this Agreement. Any statutorily required withholding obligation with regard to theParticipant may be satisfied by reducing the amount of cash or shares of Common Stock otherwise deliverable to the Participanthereunder,butonlytotheextentareductioninsharesdoesnothaveanadverseaccountingimpactontheCompany.

9. Legend . The Company may at any time place legends referencing any applicable federal, state orforeignsecurities lawrestrictions onall certificates representingsharesofCommonStockissuedpursuant tothis Agreement. TheParticipant shall, at the request of the Company, promptly present to the Company any and all certificates representing shares ofCommonStockacquiredpursuanttothisAgreementinthepossessionoftheParticipantinordertocarryouttheprovisionsofthisSection9.

(b) If the Participant is deemed an affiliate within the meaning of Rule 144 of the Securities Act, thesharesofCommonStockissuablehereundermustbeheldindefinitelyunlessanexemptionfromanyapplicableresalerestrictionsisavailableortheCompanyfilesanadditionalregistrationstatement(ora"re-offerprospectus")withregardtosuchsharesofCommonStockandtheCompanyisundernoobligationtoregistersuchsharesofCommonStock(ortofilea"re-offerprospectus").

(c) If the Participant is deemed an affiliate within the meaning of Rule 144 of the Securities Act, theParticipant understands that (i) the exemption from registration under Rule 144 will not be available unless (A) a public tradingmarketthenexistsfortheCommonStockoftheCompany,(B)adequateinformationconcerningtheCompanyisthenavailabletothepublic,and(C)othertermsandconditionsofRule144oranyexemptiontherefromarecompliedwith,and(ii)anysaleofthesharesofCommonStockissuablehereundermaybemadeonlyinlimitedamountsinaccordancewiththetermsandconditionsofRule144oranyexemptiontherefrom.

11. Entire Agreement; Amendment . This Agreement, together with the Plan, contains the entireagreementbetweenthepartiesheretowithrespecttothesubjectmattercontainedherein,andsupersedesallprioragreementsorpriorunderstandings,whetherwrittenororal,betweenthepartiesrelatingtosuchsubjectmatter.TheCommitteeshallhavetheright,initssole discretion, to modify or amend this Agreement from time to time in accordance with and as provided in the Plan. ThisAgreementmayalsobemodifiedoramendedbyawritingsignedbyboththeCompanyandtheParticipant.TheCompanyshallgivewrittennoticetotheParticipantofanysuchmodificationoramendmentofthisAgreementassoonaspracticableaftertheadoptionthereof.

14. Transfer of Personal Data . The Participant authorizes, agrees and unambiguously consents to thetransmission by the Company (or any Subsidiary) of any personal data information related to the RSUs awarded under thisAgreement for legitimate business purposes (including, without limitation, the administration of the Plan). This authorization andconsentisfreelygivenbytheParticipant.

15.Compliance with Laws . The grant of RSUs and the issuance of shares of Common Stock hereundershallbesubjectto,andshallcomplywith,anyapplicablerequirementsofanyforeignandU.S.federalandstatesecuritieslaws,rulesandregulations(including,withoutlimitation,theprovisionsoftheSecuritiesAct,theExchangeActandineachcaseanyrespectiverules andregulations promulgated thereunder) andanyother law, rule regulation or exchangerequirement applicable thereto. TheCompanyshallnotbeobligatedtoissuetheRSUsoranysharesofCommonStockpursuanttothisAgreementifanysuchissuancewould violate any such requirements. As a condition to the settlement of the RSUs, the Company may require the Participant tosatisfyanyqualificationsthatmaybenecessaryorappropriatetoevidencecompliancewithanyapplicablelaworregulation.

17.Headings . The titles and headings of the various sections of this Agreement have been inserted forconvenienceofreferenceonlyandshallnotbedeemedtobeapartofthisAgreement.

18.Counterparts . This Agreement may be executed in one or more counterparts, each of which shall bedeemedtobeanoriginal,butallofwhichshallconstituteoneandthesameinstrument.

INWITNESSWHEREOF,thepartiesheretohaveexecutedthisAgreementasofthedatefirstwrittenabove. VINCEHOLDINGCORP. [NAME] [TITLE] PARTICIPANT: [NAME]

Exhibit 21.1

LIST OF SUBSIDIARIES OF VINCE HOLDING CORP.

VinceIntermediateHolding,LLC DelawareVince,LLC Delaware

Exhibit 23.1

CONSENTOFINDEPENDENTREGISTEREDPUBLICACCOUNTINGFIRM

We hereby consent to the incorporation by reference in the Registration Statements on Form S‑8 (No. 333-192500 and 333-225036) of VinceHolding Corp. of our report dated April 12, 2019 relating to the financial statements and financial statement schedule, which appears in this Form10‑K.

/s/ PricewaterhouseCoopers LLP New York, New York April 12, 2019

Exhibit 31.1

CEO CERTIFICATION PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002(15 U.S.C. SECTION 1350)

I,BrendanHoffman,certifythat:

1.IhavereviewedthisannualreportonForm10-KofVinceHoldingCorp.;

2.Basedonmyknowledge,thisreportdoesnotcontainanyuntruestatementofamaterialfactoromittostateamaterialfactnecessarytomakethestatementsmade,inlightofthecirc*mstancesunderwhichsuchstatementsweremade,notmisleadingwithrespecttotheperiodcoveredbythisreport;

3.Basedonmyknowledge,thefinancialstatements,andotherfinancialinformationincludedinthisreport,fairlypresentinallmaterialrespectsthefinancialcondition,resultsofoperationsandcashflowsoftheregistrantasof,andfor,theperiodspresentedinthisreport;

4.Theregistrant’sothercertifyingofficerandIareresponsibleforestablishingandmaintainingdisclosurecontrolsandprocedures(asdefinedinExchangeActRules13a-15(e)and15d-15(e))andinternalcontroloverfinancialreporting(asdefinedinExchangeActRules13a-15(f)and15d-15(f))fortheregistrantandhave:

a)Designedsuchdisclosurecontrolsandprocedures,orcausedsuchdisclosurecontrolsandprocedurestobedesignedunderoursupervision,toensurethatmaterialinformationrelatingtotheregistrant,includingitsconsolidatedsubsidiaries,ismadeknowntousbyotherswithinthoseentities,particularlyduringtheperiodinwhichthisreportisbeingprepared;

b)Designedsuchinternalcontroloverfinancialreporting,orcausedsuchinternalcontroloverfinancialreportingtobedesignedunderoursupervision,toprovidereasonableassuranceregardingthereliabilityoffinancialreportingandthepreparationoffinancialstatementsforexternalpurposesinaccordancewithgenerallyacceptedaccountingprinciples;

c)Evaluatedtheeffectivenessoftheregistrant’sdisclosurecontrolsandproceduresandpresentedinthisreportourconclusionsabouttheeffectivenessofthedisclosurecontrolsandprocedures,asoftheendoftheperiodcoveredbythisreportbasedonsuchevaluation;

d)Disclosedinthisreportanychangeintheregistrant’sinternalcontroloverfinancialreportingthatoccurredduringtheregistrant’smostrecentfiscalquarter(theregistrant’sfourthfiscalquarterinthecaseofanannualreport)thathasmateriallyaffected,orisreasonablylikelytomateriallyaffect,theregistrant’sinternalcontroloverfinancialreporting;and

5.Theregistrant’sothercertifyingofficerandIhavedisclosed,basedonourmostrecentevaluationofinternalcontroloverfinancialreporting,totheregistrant’sauditorsandtheauditcommitteeoftheregistrant’sboardofdirectors(orpersonsperformingtheequivalentfunctions):

a)Allsignificantdeficienciesandmaterialweaknessesinthedesignoroperationofinternalcontroloverfinancialreportingwhicharereasonablylikelytoadverselyaffecttheregistrant’sabilitytorecord,process,summarize,andreportfinancialinformation;and

b)Anyfraud,whetherornotmaterial,thatinvolvesmanagementorotheremployeeswhohaveasignificantroleintheregistrant’sinternalcontroloverfinancialreporting./s/BrendanHoffmanBrendanHoffmanChiefExecutiveOfficer(principalexecutiveofficer)April12,2019

Exhibit 31.2

CFO CERTIFICATION PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002(15 U.S.C. SECTION 1350)

I,DavidStefko,certifythat:

1.IhavereviewedthisannualreportonForm10-KofVinceHoldingCorp.;

b)Anyfraud,whetherornotmaterial,thatinvolvesmanagementorotheremployeeswhohaveasignificantroleintheregistrant’sinternalcontroloverfinancialreporting./s/DavidStefkoDavidStefkoChiefFinancialOfficer(principalfinancialandaccountingofficer)April12,2019

Exhibit 32.1

CERTIFICATIONS OF CHIEF EXECUTIVE OFFICER PURSUANT TOSECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

(18 U.S.C. SECTION 1350)

InconnectionwiththeAnnualReportofVinceHoldingCorp.(the“Company”),onForm10-KfortheyearendedFebruary2,2019asfiledwiththeSecuritiesandExchangeCommission(the“Report”),BrendanHoffman,ChiefExecutiveOfficeroftheCompany,doesherebycertify,pursuantto§906oftheSarbanes-OxleyActof2002(18U.S.C.§1350),that:

(1)TheReportfullycomplieswiththerequirementsofSection13(a)or15(d),asapplicable,oftheSecuritiesExchangeActof1934,asamended;and

(2)TheinformationcontainedintheReportfairlypresents,inallmaterialrespects,thefinancialconditionandresultofoperationsoftheCompanyatthedatesandfortheperiodsindicatedintheReport.

AsignedoriginalofthiswrittenstatementrequiredbySection906,orotherdocumentauthenticating,acknowledging,orotherwiseadoptingthesignaturethatappearsintypedformwithintheelectronicversionofthiswrittenstatementrequiredbySection906,hasbeenprovidedtotheCompanyandwillberetainedbytheCompanyandfurnishedtotheSecuritiesandExchangeCommissionoritsstaffuponrequest.

Theundersignedexpresslydisclaimsanyobligationtoupdatetheforegoingcertificationexceptasrequiredbylaw./s/BrendanHoffmanBrendanHoffmanChiefExecutiveOfficer(principalexecutiveofficer)April12,2019

Exhibit 32.2

CERTIFICATIONS OF CHIEF FINANCIAL OFFICER PURSUANT TOSECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

(18 U.S.C. SECTION 1350)

InconnectionwiththeAnnualReportofVinceHoldingCorp.(the“Company”),onForm10-KfortheyearendedFebruary2,2019asfiledwiththeSecuritiesandExchangeCommission(the“Report”),DavidStefko,ChiefFinancialOfficeroftheCompany,doesherebycertify,pursuantto§906oftheSarbanes-OxleyActof2002(18U.S.C.§1350),that:

(1)TheReportfullycomplieswiththerequirementsofSection13(a)or15(d),asapplicable,oftheSecuritiesExchangeActof1934,asamended;and

(2)TheinformationcontainedintheReportfairlypresents,inallmaterialrespects,thefinancialconditionandresultofoperationsoftheCompanyatthedatesandfortheperiodsindicatedintheReport.

Theundersignedexpresslydisclaimsanyobligationtoupdatetheforegoingcertificationexceptasrequiredbylaw./s/DavidStefkoDavidStefkoChiefFinancialOfficer(principalfinancialandaccountingofficer)April12,2019

VINCE HOLDING CORP.d18rn0p25nwr6d.cloudfront.net/CIK-0001579157/94255def-82...Vince products are sold in prestige distribution worldwide, including approximately 2,000 distribution - [PDF Document] (2024)

FAQs

Is Vince a luxury brand? ›

Known for a range of luxury products, Vince offers women's and men's ready-to-wear, shoes, homeware, fragrance, and handbags.

View Details ›

What is Vince Holdings earnings? ›

Vince Holding (NYSE:VNCE) First Quarter 2025 Results

Revenue: US$59.2m (down 7.6% from 1Q 2024). Net income: US$4.38m (up from US$381.0k loss in 1Q 2024). Profit margin: 7.4% (up from net loss in 1Q 2024). EPS: US$0.35 (up from US$0.031 loss in 1Q 2024).

Who owns Vince Clothing? ›

As part of the agreement, Vince intellectual property now lives under a subsidiary within Authentic called ABG Vince. Authentic owns a 75 percent majority stake of the group (in exchange for $76.5 million) and Vince Holding retained a 25 percent stake.

Get More Info Here ›

Who is the CEO of Vince? ›

Jack Schwefel (Mar 29, 2021–)

Vince. / CEO

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Does Vince use real leather? ›

Sculptural simplicity meets daily ease in our oversized supple leather shoulder bag, secured by a faux tortoise buckle and finished with a soft sash. An interior pocket organizes your essentials. Interior pocket. 100% Leather.

Is Vince Camuto high end? ›

Premium materials, skillful manufacturing and top artistic talent were essential to Vince. Our collections reflect his obsession with quality. Shoes and handbags are designed in New York City, exactingly crafted in Europe and around the world, and made with premium leather, textiles and hardware.

Explore More ›

How much is Vince brand worth? ›

Vince Holding net worth as of June 14, 2024 is $0.02B. Vince Holding Corp. offers a broad range of women's and men's ready-to-wear including its signature cashmere sweaters, leather jackets, luxe leggings, dresses, silk and woven tops, denim and footwear. Vince Holding Corp. is based in New York.

Find Out More ›

How many employees does Vince have? ›

Based in New York, NY, Vince is a medium-sized retail company with 497 employees and a revenue of $357.0M.

View Details ›

What is Vince Group's revenue? ›

Annual revenue

Year	Revenue	Change
2022	$0.36 B	22.35%
2021	$0.29 B	-2.9%
2020	$0.30 B	-11.82%
2019	$0.34 B	26.37%

7 more rows

View Details ›

Which country owns Vince? ›

A luxury skincare and personal care brand Vince has been owned by Mablay Beauty (Pvt.) LTD Pakistan since 2008.

Get More Info Here ›

What is Vince known for? ›

Known for its range of luxury products, Vince offers women's and men's ready-to-wear, footwear and accessories through 50 full-price retail stores, 17 outlet stores, and its e-commerce site, vince.com and through its subscription service Vince Unfold, www.vinceunfold.com, as well as through premium wholesale channels ...

Show Me More ›

How many Vince stores are there in the US? ›

How many Vince locations are there in United States? There are a total of 62 vince locations in United States as of April 26, 2023 The city with the most number of Vince locations in the United States is New York with 7 locations, which is 12% of all vince locations in United States.

Read The Full Story ›

Who is the CFO of Vince? ›

John Szczepanski,Chief Financial Officer

Mr. Szczepanski was appointed as Chief Financial Officer of the Company in January 2024. Prior to joining Vince, Mr.

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Who founded Vince? ›

The brand was first founded in 2002 by Laccone and LaPolice as a contemporary label. Designed in Los Angeles, the founders first sold the brand to Kellwood four years later as the brand became public.

Read On ›

How much stock does Vince own in WWE? ›

Also Read: What is Vince McMahon's net worth? McMahon owns 34% of shares from TKO Group, which is 37.6% of WWE's total shares. He now owns 20 million shares of the company's total stock, which is worth $1.77 Billion USD, after he sold some in November 2023.

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What celebrities wear Vince? ›

Arden Cho.
Dianna Agron.
Emily Alyn Lind.
Emmy Rossum.
Jessica Simpson.
Lili Reinhart.
Lily James.
Naomi Scott.

More items...

Learn More Now ›

Is Vince and Vince Camuto the same designer? ›

In 2005, he launched his namesake footwear line, Vince Camuto (not to be confused with clothing brand Vince). Closely thereafter in 2006, he partnered with Tory Burch to launch her footwear collection and collaborated with her to create the Reva ballet flat.

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Who is the designer for Vince? ›

Back in May of 2017, Vince hired Caroline Belhumeur as SVP, creative director, following her 10-year stint at Club Monaco while the mall brand underwent its own turnaround. Later that year, Vince also brought on Patrik Ervell, who shuttered his downtown-cool namesake brand to head up men's design.

VINCE HOLDING CORP.d18rn0p25nwr6d.cloudfront.net/CIK-0001579157/94255def-82...Vince products are sold in prestige distribution worldwide, including approximately 2,000 distribution - [PDF Document] (2024)

FAQs

Is Vince a luxury brand? ›

What is Vince known for? ›

References