Sportswear brand Vince is reportedly exploring an initial public offering (IPO) later this year.

The brand, owned by Sun Capital, has not yet determined the precise timing of the IPO or how much it is looking to raise, Reuters reported, citing unnamed sources.

Sun Capital subsidiary and Vince parent company Kellwood & Co acquired Vince and related assets for US$75m in 2006.

In May last year, the company appointed former Kenneth Cole Productions executive Jill Granoff as chief executive officer.