Kellwood's high-end brand Vince filed for IPO

Apparel Holding Corp., Kellwood's parent company, has taken the first step to take its high-end brand Vince public. According to the apparel group's filing, the initial public offering (IPO) would be worth up to 200 million dollars. As per the

company's statement, proceeds from the IPO will be used for expansion and to pay down debt, according to the filing.

Apparel Holding Corp. – parent company to Vince's owner Kellwood, filed an S-1 statement with the Securities and Exchange Commission. Apparel Holding was formed to hold Kellwood's assets when the company was sold to Sun Capital last year.

Vince to be taken public

According to Kellwood's announcement earlier, Vince's IPO should have taken place in July. However, last filing did not give a date for the flotation.

After the IPO, Apparel Holding will be renamed Vince Holding Corp. and plans to list its shares on the New York Stock Exchange with the ticker "VNCE."

Vince reported net sales of 240 million dollars in fiscal 2012, up 37 percent from the prior year, revealed the filing.

Kellwood Holding will continue to own Apparel Holding's other brands, including Sag Harbor, Rebecca Taylor and David Meister.