Cherokee (CHKE) to Acquire Hi-Tec Sports International
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Cherokee Global Brands Announces Intent to Acquire Hi-Tec Sports International
November 28, 2016 4:12 PM ESTSHERMAN OAKS, Calif., Nov. 28, 2016 (GLOBE NEWSWIRE) -- Cherokee Global Brands (NASDAQ: CHKE) (Cherokee Global Brands, CGB or the Company), a global brand marketing platform that manages a growing portfolio of fashion and lifestyle brands, today announced that it intends to enter into a share purchase agreement to acquire Hi-Tec Sports International Holdings B.V. (Hi-Tec), a global footwear company.
Transaction Highlights:
The Hi-Tec business to be converted to a branded licensing model, consistent... More