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Cherokee Group history
Cherokee Group company history timeline
Green acquired the remaining equity for $13.99 per share ($12 cash and an unsecured $1.99 per share bond) and merged the company in May 1989.
Corky Newman, president of marketing and licensing, predicted that "The Cherokee label will be a dominant label in the Nineties and the Nineties is a decade of the megabrand," in a September 26, 1989 WWD article.
In November 1992, Cherokee missed an interest payment on the $105 million liability that remained, and was forced to enter Chapter 11 bankruptcy negotiations with its creditors.
Results for the year ending May 31, 1993, showed a 19 percent decline in sales to $157.3 million and a near-doubling of its annual shortfall to $20.3 million.
Elles resigned in November 1994 as the company once again sought bankruptcy protection.
Cherokee's first major deal in this vein, a 1995 agreement with Dayton Hudson Corporation's Target chain, guaranteed it a minimum of $5.5 million in royalties for the fiscal year ended that May.
Chief Joe Byrd, elected 1995 as Principal Chief of the Cherokee Nation, was nearly responsible for the destruction of the modern Cherokee Nation due to issues related to his veracity which almost cost the tribe its future and Sovereignty.
By 1997, Margolis could point to several signs that his innovative program was succeeding.
In 1997, it acquired Sideout.
Prior to Target, the label was sold by Zellers in Canada since 1998.
They are now the largest Indian group in the USA, numbering c.730 000 (2000 census).
In October 2015, Cherokee acquired Flip Flop Shops, a franchise retail chain offering flip flops, casual footwear and accessories.
In November 2016, Cherokee acquired the Hi-Tec and Magnum brands.
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Cherokee Group competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Braden | 1923 | $17.0M | 100 | 1 |
| APT Advanced Polymer Technology Corp | 1994 | $44.1M | 3 | 2 |
| ARLINGTON | 1972 | $172.0M | 92 | 14 |
| Triumph | 1999 | $11.2M | 2,000 | 14 |
| Tailor Made Products, Inc. | - | - | 176 | 2 |
| Healthy Home Company | 1997 | $680,000 | 50 | 65 |
| Troy | 1950 | $223.1M | 200 | 43 |
| Cushing | 1929 | $8.5M | 90 | 1 |
| Norton Enterprises | - | $190.0M | 368 | 3 |
| Chesapeake Corporation | - | - | - | 48 |
Cherokee Group history FAQs
Zippia gives an in-depth look into the details of Cherokee Group, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Cherokee Group. The employee data is based on information from people who have self-reported their past or current employments at Cherokee Group. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Cherokee Group. The data presented on this page does not represent the view of Cherokee Group and its employees or that of Zippia.
Cherokee Group may also be known as or be related to CHEROKEE INC, Cherokee, Cherokee Global Brands, Cherokee Group and Cherokee Inc.