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Cherokee Inc., also known as Apex Global Brands, is an American based global apparel and footwear company, headquartered in Sherman Oaks, California. [1] The company was established in 1973 and its brands are available in 110 countries in 12,000 retail locations and on digital commerce.
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But when New York State slashed Medicaid reimbursements for medical shoes and orthotics, the company lost 50 percent of its business and Schwartz shut all but his flagship store located at 924 Broadway, NYC. In 1983, the two businesses – Eneslow and Apex – were split; Robert S. Schwartz bought out Richard B. Schwartz to get full ownership.
The Pawtucket, Rhode Island–based Apex Companies is a holding company that at different times since its founding had retail, online retail, commercial and residential real estate development, real estate management, specialty, wholesale and manufacturing businesses in New England. [1]
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