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Thursday, Nov 21, 2024

Cherokee Receives Nasdaq Notice

Cherokee Inc. has received a letter from the Nasdaq Stock Market citing noncompliance because the company did not submit a quarterly report by the required time. The Sherman Oaks fashion licensing company received the letter June 21, but announced it Tuesday. It indicated that Cherokee has until Aug. 21 to file its quarterly report or submit a plan to regain compliance with Nasdaq listing requirements. Cherokee Global Brands expects to file the Quarterly Report as soon as reasonably practicable, at which time the company would regain compliance The company’s fiscal first quarter ended April 29. Shares of Cherokee (CHKE) closed Tuesday unchanged at $7.40.

Joel Russel
Joel Russel
Joel Russell joined the Los Angeles Business Journal in 2006 as a reporter. He transferred to sister publication San Fernando Valley Business Journal in 2012 as managing editor. Since he assumed the position of editor in 2015, the Business Journal has been recognized four times as the best small-circulation tabloid business publication in the country by the Alliance of Area Business Publishers. Previously, he worked as senior editor at Hispanic Business magazine and editor of Business Mexico.

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