;
Home / Knowledge / News / Apparel/Garments / Gordon Brothers finalise loan to Cherokee Global Brands

Gordon Brothers finalise loan to Cherokee Global Brands

12
Aug '18
Courtesy: Cherokee global brands
Courtesy: Cherokee global brands
Gordon Brothers Finance Company and Gordon Brothers have finalised a refinancing deal to Cherokee Global Brands. The term loan is secured by the company’s intellectual property, including the Cherokee, Hi-Tec, Magnum, Tony Hawk, Sideout and Liz Lange brands. Cherokee Global Brands intends to use the loan to refinance its existing debt and increase liquidity.

“We are excited to assist Cherokee in this refinancing. We have a strong conviction in the value of the company’s brand portfolio, the effectiveness of their uniquely hands-on approach to building value, and their prospects for future growth,” stated Ramez Toubassy, president of Gordon Brothers’ brands practice.

“We are pleased to close on this financing, which will allow us to redouble our efforts on realising the value in the portfolio and deliver against the opportunities ahead of us,” stated Henry Stupp, CEO and director of Cherokee. “We’re grateful for the flexibility provided by Gordon Brothers Finance Company and Gordon Brothers.”

“We have spent a lot of time in the brand space and have a great appreciation for the brand platform model Cherokee has helped pioneer. The company is in a better position to evolve the model further as a result of this refinancing,” stated Larry Klaff, senior managing director, Gordon Brothers Finance Company. “We are looking forward to a long and successful relationship with Cherokee.”

Gordon Brothers specialises in valuing, acquiring, restructuring and investing in brands, to help build value. The group frequently partners with Gordon Brothers Finance Company, which specialises in asset-based term loans providing liquidity to middle-market companies against brand or other assets. (SV)

Fibre2Fashion News Desk – India


Must ReadView All

Courtesy: Pxhere

Textiles | On 24th Jan 2019

Cabinet okays National Bench of GST Appellate Tribunal

The Union Cabinet, chaired by Prime Minister Narendra Modi, has...

Piyush Goyal likely to present Interim Budget 2019-20

Textiles | On 24th Jan 2019

Piyush Goyal likely to present Interim Budget 2019-20

Minister of railways Piyush Goyal is likely to present Interim Budget ...

Bangladesh aims to be developed by 2041: Minister

Textiles | On 24th Jan 2019

Bangladesh aims to be developed by 2041: Minister

Aiming to become a developed country by 2041, Bangladesh is working...

Interviews View All

Karan Suratwala, Key Textile Accessories Private Limited

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Vidhyaa Shankar. S, A Ganapathi Chettiar

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Yash Maniyar, Rekha Maniyar

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Karan Behal,

Karan Behal

Karan Behal, founder and chief executive of top-selling brand...

Vikram Saria,

Vikram Saria

Shanghai-based Aura Designs Ltd is a leading manufacturer of textile and...

C Dhandayuthapani,

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Georg Reinhold, Trützschler  Nonwovens & Man-Made Fibers

Georg Reinhold
Trützschler Nonwovens & Man-Made Fibers

Trützschler Nonwovens & Man-Made Fibers, a part of the Trützschler Group,...

Chunyi Zhi, City University of Hong Kong

Chunyi Zhi
City University of Hong Kong

<div><b>Chunyi Zhi</b>, associate professor in the Department of Materials ...

Wolfgang Plasser, Lenzing AG

Wolfgang Plasser
Lenzing AG

The Lenzing Group is an international company headquartered in Austria...

Akta Adani, India Boulevard

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Divvya and Nidhhi Gambhir, Walnut

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Amiben Shroff, Shrujan

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


February 2019

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search