All Apex Global Brands articles
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ArticleApex Global Brands to be sold to Galaxy Universal
Caifornia-based Apex Global Brands Inc., a global brand management and licensing organization previously called Cherokee Global Brands and the parent company of the Hi-Tec, Magnum and Tony Hawk brands, amongst others, confirmed that it has entered into a merger agreement with Galaxy Universal LLC, a Colorado-based project management and investment ...
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ArticleApex’s sales down by 17%
Lower licensee sales due to the pandemic, and the non-renewal of certain Cherokee brand licensing deals, weighed on the revenues of Apex Global Brands, previously called Cherokee Global Brands. Sales for the parent company of Hi-Tec, Magnum, and Tony Hawk dropped by 17 percent to $4.1 million for its third ...
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ArticleApex widens losses
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. Net loss for the parent company of Hi-Tec, Magnum, and Tony Hawk expanded by 5 percent to $1.3 million for its ...
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ArticleApex’s revenues drop by 20%
Lower global licensee sales due to the coronavirus crisis weighed on the results of California-based Apex Global Brands, previously called Cherokee Global Brands. It saw revenues for its first fiscal quarter ended on May 2, 2020 fall by 20 percent to $4.0 million, as royalty revenues from brands such as ...
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ArticleHi-Tec’s weak international sales weigh on Apex’s revenues
California-based Apex Global Brands, previously called Cherokee Global Brands, saw revenues for its fourth fiscal quarter ended on Feb. 1, 2020 fall by 10 percent to $5.5 million, as Hi-Tec and Magnum royalty revenues declined internationally. The management blamed this on the uncertainty surrounding Brexit and exchange rate fluctuations. This ...
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News briefs
Apex Global Brands reported a 16 percent decline in revenues
(SGI) Apex Global Brands reported a 16 percent decline in revenues to just $4.9 million for the third quarter ended on Nov. 2. Lower licensing revenues were recorded across all its brands, including Hi-Tec, Magnum, Cherokee and Interceptor, and they were affected by the non-renewal of a Cherokee license in ...
