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BUSINESS
July 27, 1993
A Chicago-based securities firm has purchased a 10.6% stake in Cherokee Inc. for investment purposes. The Scattered Corp. purchased 531,337 shares of common stock of the Sunland-based apparel manufacturer since mid-May for $401,000, according to documents filed with the Securities and Exchange Commission.
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BUSINESS
July 27, 1993
A Chicago-based securities firm has purchased a 10.6% stake in Cherokee Inc. for investment purposes. The Scattered Corp. purchased 531,337 shares of common stock of the Sunland-based apparel manufacturer since mid-May for $401,000, according to documents filed with the Securities and Exchange Commission.
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BUSINESS
November 2, 1993 | JILL BETTNER, TIMES STAFF WRITER
Robert Margolis, Cherokee Inc.'s chairman and chief executive, resigned Monday, rekindling speculation that French designer Georges Marciano, a Cherokee investor, wants to take a more active role in the maker of women's clothing. The 45-year-old Margolis, a 13-year veteran of Cherokee, recently steered it back to profitability after a bankruptcy reorganization.
BUSINESS
November 2, 1993 | JILL BETTNER, TIMES STAFF WRITER
Cherokee Inc.'s Chairman and Chief Executive Robert Margolis resigned Monday, rekindling speculation that French designer Georges Marciano, a Cherokee investor, wants to take a more active role in the women's clothing maker. The 45-year-old Margolis, a 13-year veteran of Cherokee who recently steered it back to profitability after it emerged from a bankruptcy reorganization, said he was leaving the company to pursue other entrepreneurial interests. Cherokee's stock rose $1.
BUSINESS
August 10, 1993 | DON LEE, TIMES STAFF WRITER
News that French designer Georges Marciano is resigning as chief executive of Guess? Inc., the Los Angeles-based clothing company that he and his three brothers founded, was the talk of the apparel industry last week. Perhaps especially so at Cherokee Inc., a Sunland-based maker of women's clothing that has taken Marciano's fancy. On the day reports surfaced last week that Marciano was leaving Guess?, Cherokee's stock surged 40%, to $4.38 a share, on unusually heavy trading volume.
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