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1 Jul

Celebrity Barber Vince Garcia on Profession, Dior Partnership –

Celebrity Barber Vince Garcia on Profession, Dior Partnership –
As a child, Vince Garcia didn’t know he would turn into some of the in-demand celebrity barbers of his generation. But he all the time had a razor-sharp knack for creativity. “I come from a creative background, I loved drawing as a child and I originally began doing designs on all my friends and cousins,” Garcia said. “We had a childhood barber we saw no less than once per week, and I asked him if he could teach me the fundamentals of cutting hair.” It became Garcia’s childhood hobby, one he would practice on teachers and friends. The Toronto native has since parlayed his lunch-money hobby right into a profession tending to top athletes and actors. Although he now lives in Los...
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24 Apr

Vince Cuts Deal With Authentic Brands Group

Vince Cuts Deal With Authentic Brands Group
Count Vince as the most recent fashion brand to return into the orbit of Authentic Brands Group.  In what was dubbed “a transformative strategic partnership,” Vince Holding Group plans to transfer its mental property to a newly formed Authentic subsidiary, ABG Vince, in return for $76.5 million in money and a 25 percent membership interest within the subsidiary. Vince will proceed as a publicly traded company and plans to make use of proceeds from the deal to extend its working capital and repay the $27.7 million outstanding under its term loan credit facility.  Together with the partnership, the 2 signed a 10-year license that may allow Vince to proceed running its current operations with the choice for eight 10-year renewals.   Jack Schwefel, chief executive...
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