By  on January 6, 2014

Cherokee Inc.’s licensing agreement with Target Corp. has been extended into 2017.

Target exercised its right to renew its license with Cherokee through Jan. 31, 2017. In a modification of the previous arrangement, Target now will have the right to renew the agreement for two-year periods, rather than the one-year periods previously covered, provided that Target has met the minimum royalty payment of $10.5 million for the preceding year.

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