Jan 10, 2020
Vince names Steven Cateron senior creative director of Rebecca Taylor and Parker brands
Jan 10, 2020
New York-based luxury apparel and accessories company Vince Holding Corp. has named Steven Cateron as senior creative director for the Rebecca Taylor and Parker brands, a newly created role, effective January 13, 2020.
In the role, he will lead all aspects of apparel design and creative services for the two brands, the company said.
Cateron joins Vince from Club Monaco, where he spent 12 years and most recently served as creative director, senior vice president of design. Previously, he also served as Club Monaco’s SVP, design women’s and men’s and as a women’s design director under the mentorship of Caroline Belhumeur, who currently oversees all aspects of apparel design and creative services for the Vince brand.
Prior to Club Monaco, Cateron also worked as a freelance designer and as a designer for the contemporary brand, Theory.
“[Cateron] brings 15 years of design experience and creative expertise with a great track record of success,” said Brendan Hoffman, chief executive officer.
“We look forward to leveraging his tremendous creative talent, retail experience and strong leadership skills as we implement the Vince playbook into our acquired brands…[Cateron] will play a pivotal role in helping the leadership team as we move forward with our strategic initiatives to capture the long-term potential for both the Rebecca Taylor and Parker brands.”
Vince completed the acquisition of both Rebecca Taylor and Parker for a total cash consideration of $19.7 million in November 2019, funding the acquisition with cash through its own existing revolving credit facility. At the time of the purchase, combined net sales for Rebecca Taylor and Parker were around $84 million in the last fiscal year.
In September, Vince announced significant gains in the second quarter, as it swung to a profit, reporting net income of $1 million for the second quarter, ended August 3, 2019, or $0.08 per diluted share. That was compared to a net loss of $3.8 million, or $0.33 per share, in the same period in the previous year.
Copyright © 2020 FashionNetwork.com All rights reserved.