Quince

Quince is the trading name of Last Brand, Inc., a private company founded in San Francisco in 2019 and funded by US venture investors; its March 2026 release names ICONIQ as lead of a 500 million dollar round at a 10.1 billion dollar valuation, with Wellington Management, Notable Capital, DST Global, and Baillie Gifford among the participants. No registry record or filing was checked; the ownership is taken from the company's own release and independent press. Any minority stake held by the Scottish investor Baillie Gifford is undisclosed, so the mix is entirely US.

• /CORRECTION -- Quince/ · the vendor's own site “Premium quality should not require legacy retail markups”
• With $500M in fresh funding, Quince's valuation tops $10B | Retail Dive · press
• Quince (company) · source “Originally founded as Last Brand”

The company describes a global network of partner factories without naming countries. Its own statements quoted by Ecocult place cashmere assembly in China and leather goods with a family factory in Italy, and Ecocult reads the company's factory map as mostly China and India. The 80 to 20 split between Asia and Europe is an estimate by product line, not a published figure.

• Our Factories | Quince Canada · the vendor's own site “global network of partner factories”
• Quince Says It's Ethical and Sustainable. Here's Why That's Not True · press “In China, where our cashmere is assembled, we work with a factory whose relationship with one of our co-founders spans more than 20 years.”
• Quince Says It's Ethical and Sustainable. Here's Why That's Not True · press “In Italy, we work with a small factory run by two brothers who have been in business for more than 20 years.”

Headquartered in San Francisco, with some 800 employees as of late 2025 according to Wikipedia's cited count. The company does not publish where staff sit; the 15 percent outside the US is an estimate for sourcing and production teams near the Asian factories.

• /CORRECTION -- Quince/ · the vendor's own site “San Francisco, March 11, 2026”
• Quince (company) · source “some 800 employees”

The cashmere is from Inner Mongolia, China, the silk is Chinese mulberry silk, the cotton is Indian, the leather is Italian, and the linen is European according to the company's product copy as quoted by reviewers; the split is an estimate weighted toward the cashmere and cotton lines. The only sales channel is the company's own storefront, run from the US.

• Quince Says It's Ethical and Sustainable. Here's Why That's Not True · press “which is from Inner Mongolia, an autonomous province in China, not Mongolia the country”
• Our Honest Quince Clothing Review - Is Quince Legit? (Tested) · source “Made with sustainably sourced Mongolian cashmere”
• Quince Canada | High Quality Essentials, Radically Low Prices · the vendor's own site “Our factory-direct model passes the savings to you.”