Today's Transactions: <br>Cherokee Inc. Acquires Liz Lange Maternity and Completely Me Brands
Cherokee Inc. (Nasdaq: CHKE) has acquired the Liz Lange Maternity and Completely Me brands from LLM Management Co. LLC for $14 million.
LLM Management is an affiliate of New York private equity firm, Bluestar Alliance LLC.
Liz Lange’s maternity brand is sold throughout North America in Target stores. Completely Me is Liz Lange’s sportswear brand.
JP Morgan Chase bank provided the financing for the deal.
Sherman Oaks, Calif.-based Cherokee manages and markets fashion and lifestyle brands.