Cherokee Global Brands news and archive

Cherokee Global Brands Q1 revenues decline 6 percent

Cherokee Global Brands, for its first quarter of fiscal 2020, reported revenues of 5.1 million dollars, a decrease of 6 percent, which the company said was due to non-renewal of the its Cherokee license in South Africa at the end of fiscal 2019, the sale of Flip Flop Shops in June 2018 and the impact of the economic uncertainty related to Brexit...

Fashion Featured

What to expect in fashion news from week 25, 2019

What’s going on in the world of fashion this week? FashionUnited takes a look ahead at the upcoming news and events for the 25th week of the year. Below are the main points from the editorial agenda in the period between 17-23 June, 2019. Milan Fashion Week Men's (14-17 June) Milan Fashion Week Men’s kicked off on Friday showcasing the latest...

People

Evan Hengel takes over Chairman's role at Cherokee Global Brands

Cherokee Global Brands has appointed current Director Evan Hengel to Chairman of the board of directors, effective immediately. The company said, Hengel has served as a member of the company's board since October 2018 and brings over 12 years of experience navigating complex financial, operational, and transactional processes. “Evan’s extensive...

People

Cherokee appoints Patti Johnson to its board of directors

Cherokee Global Brands has appointed Patti Johnson to its board of directors. The company said, Johnson began serving as Director and Chair of the audit committee effective April 26, 2019. "As we continue to grow and enhance our company for future success, it is essential that we add new skillsets to our board. The appointment of Patti Johnson...

Business

Cherokee Global Brands: Q4 and full year revenues decline

Cherokee Global Brands, for its fourth quarter and fiscal year ended February 2, 2019, reported revenues of 6.1 million dollars, a decrease of 11 percent, which the company said, largely reflects the expiration or non-renewal of several licensing agreements. These declines were partially offset by revenues from the company’s new multi-year...

Business

Cherokee Global Brands signs new Tony Hawk license with Batra Group

The Batra Group and Cherokee Global Brands hasve jointly announced a new license agreement for the Tony Hawk brand, for apparel and accessories in Europe, Middle East and Africa. The companies said, line will debut in influential top tier fashion stores and specialty skate stores. Commenting on the development, Tony Hawk, said in a statement: “...

Business

Cherokee Q3 revenues decline but posts rise in profit

Third quarter revenues at Cherokee Global Brands decreased 25 percent to 5.8 million dollars in the third quarter, as the company said, it continues to transition from its DTR licenses to new wholesale licensing partners in the United States, which was partially offset by revenues from the company’s new product development and design agreement....

People

Cherokee Global Brands appoints Evan Hengel to its board of directors

Cherokee Global Brands has appointed Evan Hengel to the company’s board of directors. Hengel, the company said, will serve as a director of the company effective immediately. “Evan is an inspirational leader and the perfect addition to our Board of Directors,” said Henry Stupp, Chief Executive Officer of Cherokee Global Brands in a statement,...

Business

Cherokee Q2 revenues down 10 percent, lowers full year outlook

Cherokee Global Brands posted 10 percent drop in its second quarter revenues, which the company said, reflected the continuing transition from the company’s direct-to-retail licenses in the United States to wholesale licenses, partially offset by growth in royalty revenues from the Cherokee brand and the Hi-Tec portfolio of brands. Narrowing its...

Business

Cherokee's Q1 adjusted EBITDA improves 20 percent

Cherokee Global Brands for its first quarter ended May 5, 2018 reported revenues of 5.4 million dollars compared to 6.8 million dollars, same quarter last year. While adjusted EBITDA increased 20 percent to 1 million dollars, operating loss was 0.2 million dollars compared to a loss of 2.3 million dollars and net loss was 2.7 million dollars or...

Business

Cherokee Global Brands sells Flip Flop Shops to Bearpaw Holdings

Cherokee Global Brands has announced the sale of Flip Flop Shops, its franchise retail chain, to Bearpaw Holdings, LLC for an undisclosed amount. The company added that it intends to use the sale proceeds to reduce its long-term debt. “We’re pleased with the transaction, which aligns with our strategy to focus on scaling our high-growth brands...

Business

Cherokee Global Brands: Q4 net loss widens to 45.6 mn dollars

Revenues at Cherokee Global Brands for the fourth quarter were 6.9 million dollars from continuing operations, while net loss of 45.6 million dollars or 3.26 dollars per diluted share, the company said, reflected the impact of a one-time impairment charge of 35.5 million dollars against 11.1 million dollars or 0.96 dollar last year. For the full...