The Cherokee Group Inc. missed the Thursday deadline for the filing of its annual report with the Securities and Exchange Commission because of what it described as insufficient accounting controls.
The company told the SEC that its internal mechanisms over financial reporting as of the Feb. 2 conclusion of its fiscal year “were not effective with respect to certain controls. The time and resources required of management to address these deficiencies has impacted the company’s ability to timely file its Form 10-K without unreasonable effort or expense.”
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)