All Apex Global Brands articles
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ArticleHi-Tec’s parent will change hands, if the price is right
Apex Global Brands, the American brand management and licensing organization previously called Cherokee Global Brands, which owns the Hi-Tec, Magnum and Tony Hawk brands, among others, confirmed that it has entered into a merger agreement with Galaxy Universal, a Colorado-based project management and investment firm.Galaxy is described as a sourcing ...
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ArticleApex looks for strategic alternatives as sales sink by 17%
In reporting its latest quarterly results, Apex Global Brands said it is evaluating strategic alternatives, although its lenders agreed to extend their forebearance on a $40 million loan for three more months through March 31 in exchange for $2.5 million in additional fees. Lower licensees’ sales due to the pandemic, ...
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ArticleApex’ losses widen while it seeks strategic alternatives
Impairment charges of close to $10 million, mostly related to the impact of the Covid-19 pandemic; weighed on the profits of Apex Global Brands, previously called Cherokee Global Brands. The net loss for the parent company of Hi-Tec, Magnum,Tony Hawk and other brands expanded by 5 percent to $1.3 million ...
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News briefs
Hi-Tec’s weak international sales weigh on Apex’s revenues
Late last year, Apex Global Brands, previously called Cherokee Global Brands, signed several new licensing and distribution contracts for Hi-Tec with partners in Europe, North America and Asia. In Europe, Hi-Tec is now present in major retail chains such as Urban Outfitters and Foot Locker. Initially known as a footwear ...
