Cherokee Global Brands Added to Russell Indexes

SHERMAN OAKS, Calif.--(BUSINESS WIRE)--

Cherokee Global Brands CHKE, a global marketer of style-focused lifestyle brands, announced today that the company has been added to the Russell 2000 and Russell 3000 indices. The inclusion was effective immediately prior to the close of trading on Friday, June 26, 2015 when the Russell Global Index reconstituted its comprehensive set of U.S. and Global indices.

"We are honored to be added to the Russell 2000 and 3000 indices, a true indication of the successes we have achieved as a company over the past year," said Henry Stupp, Chief Executive Officer of Cherokee Global Brands. "We believe that our inclusion in the Russell will create additional investor awareness and will also support the broadening and strengthening of our shareholder base."

Annual Russell indexes reconstitution captures the 4,000 largest U.S. stocks as of the end of May, ranking these securities by total market capitalization. Membership in the Russell remains in place for one year. Russell determines membership for its indices primarily by objective, market-capitalization rankings and style attributes. For more information on the Russell Reconstitution please visit the Russell Indexes website.

About Cherokee Global Brands

Cherokee Global Brands is a global marketer and manager of a portfolio of Fashion and Lifestyle brands including Cherokee®, Carole Little®, Tony Hawk® Signature Apparel and Hawk Brands®, Liz Lange®, Everyday California® and Sideout®, in multiple consumer product categories and sectors around the world. The Company has license agreements with premier retailers and manufacturers covering over 50 countries and 7,000 retail doors plus online business around the world including: Target Stores (U.S.), Kohl's (U.S.), Sears Canada (Canada), Argos & Sports Direct (UK and Ireland), RT-Mart (Peoples Republic of China), Pick ‘n Pay (South Africa), Falabella (Chile, Peru and Colombia), Arvind Mills (India), Shufersal LTD. (Israel), Comercial Mexicana (Mexico), Eroski (Spain), Nishimatsuya (Japan), Magnit (Russia), Landmark Group's Max Stores (certain Middle East and North Africa countries), and the TJX Companies (U.S., Canada and Europe).

Statements included within this news release may contain forward-looking statements for purposes of the safe harbor provided by the Private Securities Litigation Reform Act of 1995. When used, the words "anticipates," "believes," "expects," "may," "should," and similar expressions are intended to identify such forward-looking statements. Forward-looking statements included in this press release (including, without limitation, express or implied statements regarding potential future business development) involve known and unknown risk and uncertainties 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. Such risks and uncertainties, include, but are not limited to, the effect of global economic conditions, the financial condition of the apparel and retail industry, adverse changes in licensee or consumer acceptance of products bearing the Company's brands, the ability and/or commitment of the Company's licensees to design, manufacture and market Cherokee, Liz Lange, Completely Me, Tony Hawk and Hawk Brands, Sideout, Everyday California and Carole Little branded products, the Company's dependence on Target for most of the Company's revenues and the Company's dependence on its key management personnel. The risks included here are not exhaustive. A further list and description of these risks, uncertainties and other matters can be found in the Company's Annual Report on Form 10-K for Fiscal Year 2015, and in its periodic reports on Forms 10-Q and 8-K. Given these risks and uncertainties, you should not place undue reliance on forward-looking statements as a prediction of actual results. The Company disclaims any intent or obligation to update any of the forward-looking statements contained herein to reflect future events and developments.

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