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Authentic acquires majority stake in OVO intellectual property, with Drake retaining significant ownership NEW YORK, Aug. 27, 2026 /PRNewswire/ -- Authentic Brands Group ("Authentic"), a global brand and entertainment platform, today announced the acquisition of a majority stake in the intellectual property of OVO, the premium lifestyle brand co-founded by Drake. As the driving force behind OVO, Drake will retain a significant ownership stake and continue shaping its creative vision alongside Authentic.
NEW YORK--(BUSINESS WIRE)--Vince Holding Corp. (Nasdaq: VNCE) (“VNCE” or the “Company”), a global retail platform today announced it has completed the acquisition of the operating business of October's Very Own ("OVO"), a globally recognized lifestyle brand. VNCE now will own and operate OVO's business as OVO's core apparel and retail licensee, marking the first expansion of its multi-brand platform strategy beyond Vince, and will build on OVO's existing operations using its scale and infrastru.
OpenAI said it's appointed longtime financial executives David Vélez and Robin Vince to its nonprofit and for-profit boards. Vélez is CEO of Nubank, the largest digital bank in Latin America, and Vince runs financial services company BNY.
Vince Holding Corp. (VNCE) is executing a turnaround, focusing on premium apparel, e-commerce, and operational efficiency. The 2023 sale and license-back of the Vince brand to Authentic Brands Group improved VNCE's balance sheet and enabled strategic reinvestment. Net sales grew 10.5% in Q1 2026, with management raising full-year guidance for sales, operating income, and EBITDA margins.
VNCE lifts its fiscal 2026 outlook as DTC and wholesale demand, pricing gains and operating discipline point to broader momentum.
Vince Holding (NASDAQ:VNCE) shares jumped about 21% on Tuesday morning after the apparel retailer reported stronger-than-expected first quarter results and raised its full-year outlook. The company posted an adjusted loss of $0.16 per share for the quarter ended May 2, better than a loss per share of $0.37 expected by Wall Street analysts.
Vince Holding Corp. (VNCE) Q1 2026 Earnings Call Transcript
Vince NASDAQ: VNCE reported stronger first-quarter fiscal 2026 results and raised its full-year outlook, as the apparel company cited momentum across both its direct-to-consumer and wholesale channels.