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Apparel company Apex Global Brands Inc. has entered an agreement to be acquired by Galaxy Universal, a wholesaling, sourcing and brand management company based in Centennial, Colo. Galaxy, which is privately held and focuses on the athletic, work and outdoor categories, will pay $2 a share for all outstanding shares of Apex, which trades on the over-the-counter market. Shares closed Tuesday at $2.59. After the acquisition, the Sherman Oaks apparel licensing company will go private as a wholly owned subsidiary of Galaxy. Apex, formerly named Cherokee Inc., owns and manages a portfolio of clothing and footwear brands including Tony Hawk Signature Apparel, Hi-Tec, Magnum, 50 Peaks, Liz Lange and Cherokee.

Sherman oaksHenry stuppLiz langeApex global brands incCherokee incApex global brandsGalaxy universalTony hawk signature apparelExecutive henry stuppBusiness journalFinancial officer steve brinkApex global brands inc sherman oaksஷெர்மன் ஓக்ஸ்ஹென்றி ஸ்தூப்ப்லிஸ் லாங்கேஉச்சம் உலகளாவிய பிராண்டுகள் இன்க்