NEW YORK -- Georges Marciano, former chairman of Guess Inc., trimmed his holdings in Cherokee Inc. to 19.6 percent from 20.6 percent.

Marciano sold 50,000 shares between March 17 and March 21 at prices ranging from $3.12 to $4.50. Marciano continues to hold 980,000 Cherokee shares.

Reached by telephone at his Los Angeles office, Marciano said, "I felt like selling 1 percent right now, but I do not know what I'll do with the rest of the stock."

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