Vince Holding acquires OVO operating business; takes 5% stake in OVO IP alongside Authentic and Drake

VINCE HOLDING CORP.

VNCE acquired OVO's operating business (stores, e-commerce, wholesale) across Canada, US, UK; OVO retains 12 stores and Toronto HQ.
OVO IP now held by ABG OVO: Authentic 51%, Drake 44%, VNCE 5%; VNCE paid $6M for its 5% stake.
VNCE entered exclusive worldwide license to manufacture/sell OVO apparel in exchange for royalty to Authentic.
Transaction expected to be accretive to VNCE in fiscal 2027; Q2 FY2026 results expected at high end of prior guidance.
Third Amendment to ABL Credit Agreement permits deal; designates BN Opco and OVO subsidiaries as unrestricted.

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