Quiksilver Inc. of Huntington Beach has sold its licensed apparel subsidiary, Hawk Designs Inc., to Sherman Oaks-based Cherokee Inc. for $19 million, the companies announced Monday.
Hawk Designs, which Quiksilver acquired in 2000, owns a line of clothing tied to skateboarding legend Tony Hawk. The brand is sold through Kohl's Corp., and Cherokee said that relationship would continue.
Hawk said in a statement that he "will continue to be actively involved in the brand’s development."
“The acquisition of the Tony Hawk signature apparel brand is a great way to start the new year for Cherokee,” said Henry Stupp, Cherokee’s chief executive.
Cherokee is a...