The acquisition of Vince supports Kellwood's strategy to expand its marketing-focused portfolio with higher profile, upscale brand offerings. The transaction is expected to be completed by the end of October 2006.
"Christopher and I are thrilled with the success of Vince. We are confident that with Kellwood's support we will be able to realize the many plans we have for the brand," says Rea Laccone.
Kellwood was represented by Banc of America Securities on this transaction and CRL Group LLC was represented by The Sage Group LLC.
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