Hi-Tec Brand Starts Strong under New Owner
Hi-Tec had $7.8 million in revenues in the fourth quarter including $6.6 million in indirect product sales related to distribution and government contracts and $1.2 million of licensing revenue. Gross profit from Hi-Tec indirect product sales was $1.5 million. Cherokee Brands, which acquired the brand last fall, has already executed footwear license agreements for ... Log in to view full article.
