Cherokee Global Brands news and archive

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 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....

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...

People

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...

Business

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...

People

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...

People

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...

Business

Cherokee signs licensing deals for Hi-Tec and Magnum brands

Cherokee Global Brands has inked new licensing agreements for its Hi-Tec and Magnum brands with Carolina Footwear and the Batra Group. “As we explored partnerships to ensure continuity and strengthen and diversify the distribution channels for our newly acquired Hi-Tec and Magnum brands, Carolina Footwear and the Batra Group immediately stood...

Business

Cherokee Global Brands reports fall in Q3 revenues

Cherokee Global Brands’ third quarter revenues ended October 29, 2016 were 6.5 million dollars compared with 8.1 million dollars in the prior-year period. This decrease, the company said, is largely due to the expected decrease in North America revenues relating to the Cherokee Brand as the company continues to transition away from Target and to...