Vince Holding Targets OVO Revenue Above $100 Million by Fiscal 2030

Zacks Investment Research··USCAGB·Read original
3▲1 ▼0Impact / 5
Summary · why it matters

Vince Holding Corp. has acquired the operating business of October's Very Own, or OVO, adding a streetwear growth platform beyond its core Vince brand. OVO generated nearly $50 million in net sales in calendar 2025 and operates 12 stores across Canada, the United States and the United Kingdom, plus an e-commerce business. Vince Holding plans to expand OVO's store base from 12 locations to about 20 by fiscal 2030, with the United States as a key focus, and to launch a U.S. wholesale business alongside e-commerce improvements. The company targets increasing OVO revenues to more than $100 million by fiscal 2030 with adjusted EBITDA margins in the low-double-digit range. OVO is expected to be earnings neutral, excluding transaction costs, in fiscal 2026 before becoming accretive in fiscal 2027.

Impact on assets 3

Consumer Discretionary▲ · 3 stocks
Vince Holding Corp. Common Stock
VNCE
▲ PositiveCapitalrelevance

Vince Holding acquires OVO's operating business, adding a growth platform with $50M sales and a $100M+ fiscal 2030 revenue target.

Off-coverage companies 1

OVO (Indonesia)Private± Mixed
relevance