Cherokee Inc. Signs Retail License Agreement with Tesco PLC.Business Editors VAN NUYS, Calif.--(BUSINESS WIRE)--Oct. 3, 2001 Cherokee Inc. (Nasdaq: CHKE), a leading global licensor of brand name apparel, footwear Footwear consists of garments worn on the feet. It is worn for a variety of reasons, including protection against the environment, hygiene and adornment. Usually, socks and other hosiery are worn between the feet and the footwear, except for sandals and flip flops (thongs). and accessories, announced that it has entered into a license agreement with Great Britain's Tesco PLC. for its Cherokee brand. The terms of the agreement were not disclosed. "Our vision is to deliver tremendous value to the consumer by partnering with the world's leading retailers," said Robert Margolis, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of the Cherokee Group. "We are fortunate to have partnered with Europe's most esteemed retailers, and hopefully, over time, we will enjoy success similar to that in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. ." Statements included within this news release that are not historical in nature constitute forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. for the purposes of the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provided by the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Investors are cautioned that this news release contains certain such forward-looking statements that involve substantial risks and uncertainties. When used, the words "anticipate", "believe," "estimate," "expect", "objective" and similar expressions as they relate to the Company or its management are intended to identify such forward-looking statements. The forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. The Company is subject to certain risks and uncertainties, which include, but are not limited to, restrictions or distributions by subsidiaries to the Company, uncertainty regarding acceptance and sales of the Cherokee brand, competition, dependence on a single licensee licensee n. a person given a license by government or under private agreement. (See: license, licensor) LICENSEE. One to whom a license has been given. 1 M. Q. & S. 699 n. for most of the Company's revenues, dependence on intellectual property rights and others found in the Company's quarterly or annual reports filed with the Securities and Exchange Commission and other periodic filings. |
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