. KWG Securities Acquired by Vince McCormick August 08, 2024 7:49 PM EDT | Source: Vince McCormick Toronto, Ontario--(Newsfile Corp. - August 8, 2024) - Vince McCormick (the "Acquiror") is pleased to announce the acquisition on August 2, 2024 of ownership of an aggregate of (i) an aggregate of $705,000 of convertible debentures (the "Debentures") of KWG Resources Inc. (the "Issuer"), (ii) 147,707 Multiple Voting Shares of the Issuer (each, a "Multiple Voting Share"); (ii) 147,707 Warrants of the Issuer (eac ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended May 4, 2024 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-36212 VINCE HOLDING CORP. (Exact name of registrant as specified in its charter) Delaware 75-3264870 (State or other jurisdiction ...

Financial Data and Key Metrics - Total company net sales for Q1 2024 decreased by 7.6% to $59.2 million compared to $64.1 million in Q1 2023 [22] - Gross profit in Q1 2024 was $29.9 million, or 50.6% of net sales, compared to $29.6 million, or 46.2% of net sales in Q1 2023 [26] - Operating income for Q1 2024 was $5.6 million, compared to an operating loss of $2.4 million in the same period last year [28] - Adjusted net loss for Q1 2024 was $3.3 million, or $0.26 per share, compared to an adjusted net loss of $4.4 million, or $0.36 per share in Q1 2023 [33] - Net inventory at the end of Q1 2024 was $56.7 million, down from $80 million at the end of Q1 2023 [34] Business Line Performance - Vince Brand sales declined by 7.5% year-over-year, driven by declines in both wholesale and direct-to-consumer (DTC) segments [23] - DTC channel, excluding store closures, slightly outperformed the wholesale channel [9] - Full-price sales penetration increased by almost 500 basis points compared to the prior year [25] - The company is on track to expand men's business to 30% of total revenues over the next three years [12] Market Performance - The company saw strong customer reception in women's knits and casual dresses, and men's linen fabrications [8] - Internationally, performance is similar to the U.S., with growth opportunities in Asia, though inconsistent performance in the two stores opened there [43] - The company is focusing on expanding brand awareness in key markets like New York, LA, and Miami through events and marketing efforts [14] Strategic Direction and Industry Competition - The company is reducing promotional activity in both wholesale and DTC channels to drive full-price sales [7][10] - The company is leveraging its customer data platform to enhance customer engagement and loyalty, particularly with top customers who drive 35% of demand in the full-price DTC business [15][16] - The company is expanding its men's business and enhancing customer acquisition efforts, including reengaging in brand awareness and marketing strategies [13] - The company is benefiting from its partnership with Authentic Brands Group (ABG) and its ownership stake in ABG Vince, which is expected to offset royalty expenses [17][18] Management Commentary on Operating Environment and Future Outlook - The company expects Q2 2024 total net sales to be relatively flat to down low single digits compared to the prior year period [35] - Operating margin for Q2 2024 is expected to decline by 500 to 750 basis points compared to last year's adjusted operating margin of 4.1% [36] - For the full year, the company expects total net sales to grow in the low single digits compared to fiscal 2023, with operating margin flat to up 25 basis points [39][40] - The company is confident in its long-term growth strategy, particularly in expanding its men's business and improving customer engagement [12][19] Other Important Information - The company completed the wind down of the Rebecca Taylor business, resulting in a one-time gain of $7.6 million [28] - The company is targeting over $30 million in savings over three years as part of its transformation plan, which remains on track [18] - The company is launching the Vince Taylor clothing line later this year and will introduce a collection of handbags, belts, and small leather goods under the Vince label in 2025 [18] Q&A Session Summary Question: International Market Performance and Opportunities - The company is seeing similar performance internationally as in the U.S., with growth opportunities in Asia, though inconsistent performance in the two stores opened there [43] Question: Store Closures and Long-Term Growth Strategy - Store closures impacted year-over-year sales, but the company sees stores as part of its long-term growth strategy, with potential expansion in markets like Chicago, Dallas, and Houston [44][45] Question: Pricing Strategy and Outlet Channel - The company has completed the reset period for pricing and off-price business, with a focus on normalizing wholesale off-price and managing inventory better going forward [47][48] Question: SG&A Normalization - The company expects SG&A to normalize as it progresses through the year, with the impact of short-term incentive compensation plans mitigating as sales build in the back half of the year [49][50] Question: Cost Initiatives and Margin Improvement - The company realized approximately 240 basis points of margin improvement in Q1 2024, with cost initiatives expected to build throughout the year, particularly in the back half [53][54] Question: Revenue Guidance and Challenges - The company expects a stronger performance in the second half of the year, driven by its key selling season in fall and holiday, and improved wholesale business [57][58] Question: Growth Opportunities in Men's Category - The company is focusing on a new planned program in the men's category, with expectations for growth in the back half of the year [60]

Exhibit 99.1 VINCE HOLDING CORP. REPORTS FIRST QUARTER 2024 RESULTS Net Sales of $59.2 Million Gross Margin Increased 440 basis points vs. Q1 FY2023 Q1 Profitability Exceeds Prior Outlook Reaf irms Full Year FY2024 Outlook NEW YORK, New York – June 18, 2024 – Vince Holding Corp. (NYSE: VNCE) ("VNCE" or the "Company"), a global contemporary retailer, today reported its financial results for the first quarter ended May 4, 2024. David Stefko, Interim Chief Executive Officer of VNCE said, "Our first quarter res ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended February 3, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-36212 VINCE HOLDING CORP. (Exact name of registrant as specified in its charter) Delaware 75-3264870 (State or other jurisdiction of inc ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 28, 2023 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-36212 VINCE HOLDING CORP. (Exact name of registrant as specified in its charter) Delaware 75-3264870 (State or other jurisdic ...

Financial Data and Key Metrics Changes - Total company net sales for Q3 2023 decreased 14.7% to $84.1 million compared to $98.6 million in Q3 2022, primarily due to a 100% decrease in Rebecca Taylor and Parker combined net sales following the wind down of the Rebecca Taylor business [21] - Vince brand sales declined 6.2% year-over-year, impacted by declines in both wholesale and direct-to-consumer segments, but showed sequential improvement from Q2 [22] - Gross profit for Q3 was $37.2 million, or 44.2% of net sales, compared to $29.8 million, or 30.2% of net sales in the same quarter last year, driven by the wind down of the Rebecca Taylor business and lower freight costs [23] - Operating income for Q3 was $2.8 million compared to an operating loss of $9.4 million in the same period last year [25] - Net income for Q3 was $1 million, or $0.08 per diluted share, compared to a net loss of $5.2 million, or a $0.43 loss per share in Q3 2022 [27] Business Line Data and Key Metrics Changes - The decline in Vince brand sales was attributed to macro-related headwinds and a strategic pullback on the off-price business within the wholesale channel [22] - The men's business showed strength in pre-fall assortments, particularly in linen, knit, and woven products, despite weather impacts on customer buying behavior [14] Market Data and Key Metrics Changes - The company celebrated the grand opening of its first freestanding store in China, located in Nanjing, which is expected to attract high net worth individuals [13] - The company plans to open a location in Beijing in spring 2024, continuing its international expansion efforts [13] Company Strategy and Development Direction - The company is focused on a transformation program aimed at delivering over $30 million in cost savings over the next three years [9] - The transformation office is expected to streamline manufacturing and production operations, reduce promotional activity, and enhance efficiencies within store operations and corporate overhead [15] - The company is leveraging enhanced e-commerce capabilities and a Customer Data Platform (CDP) to drive engagement and performance [10][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's progress and momentum, despite ongoing macroeconomic challenges and increased royalty expenses [20] - The company expects to deliver another quarter of sequential top-line improvement in Q4, driven by the 53rd week and ongoing execution across channels [32] - Management remains focused on long-term profitable growth while delivering value for stakeholders [20] Other Important Information - The company reported a decrease in net inventory to $69.6 million at the end of Q3, down from $116.4 million a year earlier, driven by the wind down of the Rebecca Taylor business [30] - The company expects inventory levels to remain below the prior year as it continues to manage inventory conservatively [31] Summary of Q&A Session - There was no question-and-answer session during the call [5]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 29, 2023 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-36212 Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the ...

Financial Data and Key Metrics Changes - Total company net sales for Q2 2023 decreased 22.1% to $69.4 million compared to $89.2 million in Q2 2022, driven by a 98.7% decrease in Rebecca Taylor and Parker combined net sales and a 14.3% decrease in Vince brand sales [23][24] - Gross profit in Q2 was $32.3 million or 46.6% of net sales, compared to $36.4 million or 40.8% of net sales in the same period last year, with the increase in gross margin rate attributed to lower freight costs and favorable inventory adjustments [26] - Net income for Q2 was $29.5 million or $2.36 per diluted share, compared to a net loss of $15 million or $1.23 loss per share in Q2 2022 [32] Business Line Data and Key Metrics Changes - The Vince brand net sales decrease was attributed to declines in both wholesale and direct-to-consumer segments, with a strategic decision to reduce off-price business impacting top-line performance [24] - Direct-to-consumer channel showed sequential improvement compared to Q1, while wholesale channel faced pressure due to strategic decisions and macro-related headwinds [8][25] Market Data and Key Metrics Changes - The company plans to open two new stores in China, indicating a focus on international expansion, with positive reception from the first store in Shanghai [14] - The men's business is expected to grow to approximately 30% of top-line performance in the next four years, with strong initial performance from new store openings [15] Company Strategy and Development Direction - The company is focused on improving margin performance and executing strategic growth initiatives, including enhancing e-commerce capabilities and expanding international presence [7][11] - A disciplined approach to inventory management and cost evaluation is being maintained to drive margin expansion over time [18] Management's Comments on Operating Environment and Future Outlook - Management acknowledged a challenging macro environment impacting both direct-to-consumer and wholesale channels but expressed optimism about sequential improvements and upcoming product campaigns [8][17] - The company expects to deliver sequential improvement in top-line performance in Q3 compared to Q2, despite macro headwinds [37] Other Important Information - The second quarter results included a $32 million gain on the sale of the Vince IP, partially offset by transaction-related expenses [21] - The company has successfully refinanced its ABL facility, providing expanded capacity of $85 million expected to mature in June 2028 [36] Q&A Session Summary - There was no Q&A session following the earnings call, as indicated in the transcript [6]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 29, 2023 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-36212 VINCE HOLDING CORP. (Exact name of registrant as specified in its charter) Delaware 75-3264870 (State or other jurisdicti ...