CHEROKEE GROUP <CHKE> FILES TO OFFER SHARES
Cherokee Group said it
has filed for an offering of 2,500,000 common shares, including
700,000 to be sold by shareholders, through underwriters First
Boston Inc <FBC> and American Express Co <AXP> unit Shearson
Lehman Brothers Inc.
    It said it will use its proceeds to repay bank debt, for
capital spending and for general corporate purposes including
possible acquisitions.
 Reuter
