Monumental by Karen Walker is comprised of five men's eyewear styles that are named after iconic male figures. The New Zealand-based designer sought out musician Connan Mockasin to launch the collection.
French investor Eurazeo, which has major holdings in Moncler and Desigual, wants more fashion investments after launching Eurazeo Brands, to expand into "European and US brands with international growth potential."
Vince posted net comparable sales decreases for both periods, going so far as to say there is "substantial doubt" about its ability to continue as a going concern. The brand also suspended its net sales and EPS guidance.
The fashion retailer's CEO, Jill Granoff, and President and Chief Creative Officer, Karin Gregersen, will part ways with the company, while Livia Lee will step in as Senior Vice President of Merchandising.
The American company, which owns fashion brands and holds licenses for industry leaders such as Calvin Klein, Guess and Levi's, saw its turnover increase by 18% during its first quarter ending on April 30.