Cherokee Inc. (NASDAQ:CHKE), a leading licensor and global brand
management company, today released photos from the recent launch of its
Cherokee Brand in Peru with Falabella’s Tottus
Stores.
Mark Nawrocki, Executive Vice President and Managing Director of
Cherokee Brand Development, said: “We are
proud of our recent launch in Peru as we continue to execute our ‘world
brand’ strategy. With our partners covering
over 30 countries around the world, Cherokee has become one of the
fastest growing family lifestyle brands internationally. While we
continue to build our brand with our existing partners, we look forward
to our upcoming launches over the next 12 months in Spain with Grupo
Eroski, and in the Middle East with Geant, a division of Al Hokair.”
Larry Sass, Executive Vice President and Managing Director of Business
Development, added: “We are pleased with the
progress we are making with our ‘World Branding’
strategies as our international retail sales of Cherokee have now
eclipsed $1.0 billion per annum. While we will continue to aggressively
pursue partnerships throughout Western Europe and Russia, we will now
put additional focus on building our brand presence throughout Asia as
well. We believe we can develop several new partnerships over the next
12 to 24 months. In addition, we will begin to expand our brand
representations to capitalize on international opportunities as well.”
About Cherokee Inc.
Cherokee Inc., based in Van Nuys, is a marketer, licensor and manager of
a variety of brands it owns (Cherokee, Sideout, Carole Little and
others) and represents. Currently, Cherokee has licensing agreements in
a number of categories, including family apparel, fashion accessories
and footwear, as well as home furnishings and recreational products.
Premier clients for the Cherokee brand around the world include Target
Stores (U.S.), Tesco (U.K., Ireland and certain other European and Asian
countries), Zellers (Canada), Pick ‘n Pay
(South Africa), Geant, a division of Fawaz Al Hokair (Middle East),
Grupo Pão de Acucar (Brazil), S.A.C.I.
Falabella (Chile, Peru and Colombia), Arvind Mills (India), Shufersal
LTD. (Israel) and Comercial Mexicana (Mexico). Other premier clients
include TJX Companies (U.S., Canada and Europe) for Cherokee’s
Carole Little brand, and Shanghai Bolderway (China) for Cherokee’s
Sideout brand.
Statements included within this news release that are not historical in
nature constitute forward-looking statements for the purposes of the
safe harbor provided by the Private Securities Litigation Reform Act of
1995.