Cherokee Global Brands news and archive

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: “...

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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....

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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,...

Management

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...

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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...

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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...

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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...

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Cherokee Global Brands appoints Steven Brink its new CFO

Cherokee Global Brands has announced the resignation of Jason Boling as chief financial officer effective January 31, 2018, and the appointment of Steven Brink to the role. The company added that the appointment of Brink as chief financial officer of Cherokee Global Brands will be effective January 2, 2018. “ Throughout his tenure, Jason and his...

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Cherokee Global Brands: Q3 GAAP net loss reaches 2.5 mn dollars

Cherokee Global Brands’ consolidated GAAP revenues in the third quarter were 11 million dollars, comprised of royalty revenues and indirect product sales. Royalty revenues were 7.9 million dollars compared with 6.5 million dollars in the prior year period. For the nine month period, GAAP consolidated revenues were 36.1 million dollars, comprised...

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Cherokee Global Brands appoints chief brand and revenue officer

Cherokee Global Brands has announced the appointment of Mark Conway to the newly-created role of chief brand and revenue officer. In this role, the company said, Conway will oversee new business development, strategic brand planning, ecommerce and marketing and will manage development and oversight of Cherokee Global Brands’ licensee...

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Cherokee appoints John McClain to its board of directors

Cherokee Global Brands has appointed John T. McClain to the company’s board of directors. The company said, McClain will serve as an independent director of the company and Chair the board’s audit committee effective immediately. “John is the perfect addition to our board,” said Henry Stupp, Chief Executive Officer of Cherokee Global Brands in a...

Management

Cherokee reports Q2 GAAP net loss of 4.6 mn dollars

Consolidated second quarter revenues, including the contribution from Hi-Tec at Cherokee Global Brands, were 14 million dollars. On a year-over-year comparable basis, royalty revenues excluding Hi-Tec were 5.6 million dollars compared to 8.5 million dollars in the prior-year period due to the decrease in North America revenues related to the...