Flip Flop Shops news and archive

Cherokee Global Brands sells Flip Flop Shops to Bearpaw Holdings

Cherokee Global Brands has announced the sale of Flip Flop Shops, its franchise retail chain, to Bearpaw Holdings, LLC for an undisclosed amount. The company added that it intends to use the sale proceeds to reduce its long-term debt. “We’re pleased with the transaction, which aligns with our strategy to focus on scaling our high-growth brands...

Business

Cherokee goes shopping: acquires Flip Flop Shops

Just a couple of weeks after announcing its relationship with Target is coming to an end, Cherokee Global Brand has gone shopping. The California-based group has acquired Flip Flop Shops, a franchise retail chain that offers the latest styles of flip flops, casual footwear and accessories. In 2014, licensed revenues from the sale of the Cherokee...