Cherokee Inc. Explained

Cherokee Inc.
Type:Public
Founder:James Argyropoulos
Location City:Sherman Oaks, California
Location Country:United States
Key People:Jess Ravich (Chairman)
Henry Stupp (CEO)
Howard Siegel (COO)
Steven L Brink (CFO)
Industry:Manufacturing
Products:Clothing
Accessories
Shoes
Parent:Galaxy Universal
Subsid:Hi-Tec

Cherokee Inc., also known as Apex Global Brands, is an American based global apparel and footwear company, headquartered in Sherman Oaks, California.[1] The company was established in 1973 and its brands are available in 110 countries in 12,000 retail locations and on digital commerce.[2]

Cherokee owns a number of fashion and lifestyle brands, including: Cherokee, Cherokee Workwear, Carole Little, Tony Hawk Signature Apparel and Hawk Brands, 900 Tony Hawk, Liz Lange, Sideout, Hi-Tec, Magnum, 50 Peaks, Interceptor, Everyday California, Point Cove, Saint Tropez, Chorus Line, All That Jazz, Ale by Allesandra, Teen Hearts and Flip Flop Shops.

History

Founding

In 1973, James Argyropoulos, the son of a Greek immigrant, launched custom-made footwear designs and began to sell them from his Venice Beach, California home. Soon it was stocked by department stores, including Macy's and Bloomingdale's.

In the early 1980s, the brand expanded to selling women's and children's apparel. During this time, it became available worldwide.

In the 1990s, Cherokee established a partnership with Target.[3]

The headquarters at Sherman Oaks, California employs 51-200 employees.

In 2021, Apex Global Brands was acquired by Galaxy Universal.[4]

Filing for bankruptcy protection

It filed for Chapter 11 bankruptcy protection in both 1993 and 1994, but continued to trade.

Expansion

In 1997, it acquired Sideout.[5]

From 2002, Cherokee was sold at Tesco in the United Kingdom until 2015, when Argos took over the rights to sell the brand.[6] However, following the 2016 acquisition of Argos by the UK retailer Sainsbury's, the Cherokee brand was quietly dropped and replaced by Sainsbury's own Tu brand of clothing in 2017.

In December 2002, the company further expanded by acquiring the Carole Little,[7] Saint Tropez, All That Jazz and Chorus Line brands and CL Fashion trademarks.[8]

From 2013 to 2015 Cherokee was sold at Target Canada stores and was acquired by Sears Canada. Prior to Target, the label was sold by Zellers in Canada since 1998.

In January 2014, Cherokee acquired the worldwide Tony Hawk and Hawk signature apparel brands. In May 2015, Cherokee acquired casual lifestyle brand Everyday California.

On September 10, 2015, Cherokee announced[9] Target would cease carrying the brand when its license expires on January 31, 2017. As of 2022 some Target shops do carry Cherokee products but on a non exclusive basis.

In October 2015, Cherokee acquired Flip Flop Shops, a franchise retail chain offering flip flops, casual footwear and accessories.[10]

In November 2016, Cherokee acquired the Hi-Tec[11] and Magnum brands.[12]

Operations

Cherokee comprises a number of fashion and lifestyle brands:

Cherokee

Cherokee is the core eponymous brand, licensed in over 50 countries.

Cherokee Workwear

Cherokee Workwear is a brand that was introduced in 2004, which manufactures medical scrubs.

Carole Little

The Carole Little collection comprises items for work, travel and leisure.

Tony Hawk Signature Apparel and Hawk Brands

Tony Hawk is an "action lifestyle" range.

900 Tony Hawk

900 Tony Hawk is a skateboard brand.

Liz Lange

Liz Lange is a maternity wear brand.

Sideout

Sideout was founded in 1983 and comprises athletic wear, sportswear and active wear.

Hi-Tec

Hi-Tec[13] is a privately held[14] producer and distributor of sportswear and accessories, headquartered in the Netherlands.[15]

Magnum

Magnum is a footwear brand.

50 Peaks

50 Peaks is a brand which creates outdoor footwear, equipment and apparel.

Interceptor

Interceptor is a tactical boots brand.

Everyday California

Everyday California is a "casual style outfit" brand.

Point Cove

Point Cove is a Californian brand which sells clothing, footwear and accessories.

Saint Tropez

Saint Tropez is designed for younger women.

Chorus Line

Founded in 1975 by three men in southern California, Chorus Line is a moderately priced apparel company which initially begun as a retail company focusing exclusively on juniors collections. Chorus Line has branched out to include designs specifically aimed towards women in their 20s and 30s as well as petite and plus size divisions.

All That Jazz

All That Jazz appeals to a teenage female customer base and with low prices.

Flip Flop Shops

Flip Flop Shops was founded in 2004 and is a retail chain retailing popular brands and flip flops and casual footwear.

See also

Notes and References

  1. Web site: Cherokee Moves Corporate Headquarters. Los Angeles Business Journal. 23 December 2011 . March 29, 2015.
  2. Web site: CHEROKEE INC's revenue, funding, news & more PipeCandy. pipecandy.com. en-US. 2017-10-27.
  3. Web site: Cherokee is making a name for itself in more nations. Los Angeles Times. 6 January 2014 . March 29, 2015.
  4. Web site: Apex Global Brands Announces Agreement to Be Acquired by Galaxy Universal LLC for $2.00 Per Share in All Cash Deal . 16 February 2021 . GLOBE NEWSWIRE.
  5. Web site: 1997-11-11. Cherokee to Buy Rights to Sideout Properties. 2020-09-02. Los Angeles Times. en-US.
  6. Web site: Argos takes over rights to sell Cherokee clothing. The Guardian. 21 January 2015 . January 21, 2015.
  7. Web site: 20 December 2002. Cherokee Acquires Carol Little, Chorus Line Brands. 28 October 2020. California Apparel News.
  8. Web site: 18 December 2002. Cherokee Acquires CL Fashion Trademarks. live. https://web.archive.org/web/20200920013803/https://www.just-style.com/news/cherokee-acquires-cl-fashions-trademarks_id89285.aspx . 2020-09-20 . 28 October 2020. Just Style.
  9. Web site: Target to drop Cherokee brand products in U.S. from 2017. Yahoo News. September 10, 2015.
  10. Web site: 20 October 2015. Cherokee goes shopping: acquires Flip Flop Shops. live. https://web.archive.org/web/20201031014311/https://fashionunited.uk/news/business/cherokee-goes-shopping-acquires-flip-flop-shops/2015102018043 . 2020-10-31 . 28 October 2020. Fashion United UK.
  11. Web site: 28 November 2016. Cherokee to Acquire Hi-Tec Shoemaker for $96 Million. live. https://web.archive.org/web/20161130144846/http://www.sfvbj.com/news/2016/nov/28/cherokee-acquire-hi-tec-shoemaker-96-million/ . 2016-11-30 . 28 October 2020. San Fernando Valley Business Journal.
  12. Web site: 28 November 2016. Hi-Tec To Be Sold To Cherokee Global Brands. live. https://web.archive.org/web/20201031031417/https://sgbonline.com/hi-tec-agrees-to-be-sold-to-cherokee-global-brands/ . 2020-10-31 . 28 October 2020. SGBMedia.
  13. Web site: hi-tec. Hi-Tec. live. https://web.archive.org/web/19991128131655/http://hi-tec.com:80/ . 1999-11-28 . 13 June 2016.
  14. News: Brettman. Allan. Hi-Tec Sports banks on Zuuk shoe for market distinction. 28 July 2015. Oregon Live. May 14, 2013.
  15. News: Cyr. Brian. Hi-Tec Sports, the footwear and apparel brand, hires U.S.-based design director. 28 July 2015. Oregon Live. November 19, 2013.