Cherokee Global Brands is changing its name to Apex Global Brands, effective June 27, 2019. The name change is meant to reflect the company's expanded brand portfolio, marketing and design services. The company recently added several new brands including Hi-Tec, Magnum, Interceptor and 50 Peaks. It is now positioned to deepen its relationships with licensees as we assist its partners to deliver more products and introduce new categories faster and more efficiently than ever before.

Earlier in April this year, the company announced its Q4 results which recorded a net loss of $0.6 million, marking a major improvement from the loss of $45.2 million it reported in the prior-year period, thanks to its successful restructuring efforts.