For Sale
Cherokee Inc., a licensor and marketer of brands such as Cherokee, Sideout and Carole Little, is considering selling its business. The publicly traded company announced it has retained Goldman Sachs & Co. as a financial adviser to explore strategic alternatives. Cherokee’s principal customer is Target Inc., which accounts for more than 24 percent in royalty revenues that totaled $76.7 million in fiscal 2007. The company is headed by Robert Margolis, who has considered selling the organization in the past.
