As the stock price soars in the wake of this acquisition, all eyes will be on Vince Holding’s next moves. With a new CEO at the helm, reduced debt, and access to enhanced operational capabilities, Vince may be well-positioned for a fresh start and a brighter financial future.

Vince Holdings (NYSE:VNCE) soared in Thursday morning trading after P180 acquired a 65% majority stake in the apparel company for approximately $19.8 million to mark a significant shift in ownership from Sun Capital affiliates.

P180, a new venture, has taken majority control in US luxury fashion company Vince Holding (VNCE) for an undisclosed amount, a move that will see Brendan Hoffman return to the brand as CEO.