Perry Ellis International Signs New Licensing Agreement for Home Fashion under the Perry Ellis(R) Brand
March 24 2008 - 1:41PM
Business Wire
Perry Ellis International (NASDAQ:PERY), announced today it has
entered into a licensing agreement with Revman International Inc.
to design, manufacture, and distribute a collection of bed and bath
products throughout the U.S., Canada, and Mexico under the Perry
Ellis�, Perry Ellis Portfolio�, and Perry Ellis America� brands.
The line will be available at Dillard�s and other department stores
nationwide in fall 2008. Oscar Feldenkreis, President and Chief
Operating Officer of Perry Ellis International, said: �Home Fashion
was a missing element of the Perry Ellis lifestyle. We are very
excited about this new partnership with Revman, a leader in the
home fashion industry. Their design capabilities and industry
knowledge make them the right partner to interpret the significance
of the Perry Ellis lifestyle for the Home.� �When it comes to
evoking a sophisticated yet enduring lifestyle, few names carry as
much impact as Perry Ellis,� said Richard Roman, President and CEO
of Revman. �Perry Ellis� amazing success in sportswear,
accessories, and fragrance, will naturally translate into the home
fashion.� For further information, please contact: Maria
Folyk-Kushneir � Diane Piemonte Vice President Licensing Vice
President of Creative Services Perry Ellis International, Inc.
Revman International, Inc. Tel: 212-536-5718 212-278-0312 Fax:
917-546-5718 212-840-8446 maria.folyk-kushneir@pery.com
dpiemonte@revman.com About Perry Ellis International Perry Ellis
International, Inc. is a leading designer, distributor and licensor
of a broad line of high quality men's and women's apparel,
accessories, and fragrances. The Company's collection of dress and
casual shirts, golf sportswear, sweaters, dress and casual pants
and shorts, jeans wear, active wear and men's and women's swimwear
is available through all major levels of retail distribution. The
Company, through its wholly owned subsidiaries, owns a portfolio of
nationally and internationally recognized brands including Perry
Ellis�, Jantzen�, Laundry� by Shelli Segal, C&C California�,
Cubavera�, Munsingwear�, Savane�, Original Penguin�, Grand Slam�,
Natural Issue�, Pro Player�, the Havanera Co. �, Axis�, Tricots St.
Raphael�, Gotcha�, Girl Star� and MCD�. The Company enhances its
roster of brands by licensing trademarks from third parties
including Dockers� for outerwear, Nike� and JAG� for swimwear, and
PING� and PGA TOUR� for golf apparel. Additional information on the
Company is available at http://www.pery.com. About Revman
International Inc. Headquartered in New York City, Revman
International Inc. has been a leading designer, manufacturer, and
distributor of fine home fashion products for over 15 years. Revman
International Inc. owns the license rights to produce the bed and
bath products for many well known brands such as Tommy Hilfiger,
Laura Ashley, Michael Kors, Tommy Bahama, Marimekko, and Columbia
Sportswear. Safe Harbor Statement We caution readers that the
forward-looking statements (statements which are not historical
facts) in this release are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements are based on current expectations rather
than historical facts and they are indicated by words or phrases
such as "anticipate," "could," "may," "might," "potential,"
"predict," "should," "estimate," "expect," "project," "believe,"
"plan," "envision," "continue," "intend," "target," "contemplate,"
or "will" and similar words or phrases or comparable terminology.
We have based such forward-looking statements on our current
expectations, assumptions, estimates and projections. While we
believe these expectations, assumptions, estimates and projections
are reasonable, such forward-looking statements are only
predictions and involve known and unknown risks and uncertainties,
and other factors that may cause actual results, performance or
achievements to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking statements, many of which are beyond our control.
These factors include: general economic conditions, a significant
decrease in business from or loss of any of our major customers or
programs, anticipated and unanticipated trends and conditions in
our industry, including the impact of recent or future retail and
wholesale consolidation, the effectiveness of our planned
advertising, marketing and promotional campaigns, our ability to
contain costs, disruptions in the supply chain, our future capital
needs and our ability to obtain financing, our ability to integrate
acquired businesses, trademarks, tradenames and licenses, our
ability to predict consumer preferences and changes in fashion
trends and consumer acceptance of both new designs and newly
introduced products, the termination or non-renewal of any material
license agreements to which we are a party, changes in the costs of
raw materials, labor and advertising, our ability to carry out
growth strategies including expansion in international and direct
to consumer retail markets, the level of consumer spending for
apparel and other merchandise, our ability to compete, exposure to
foreign currency risk and interest rate risk, possible disruption
in commercial activities due to terrorist activity and armed
conflict, and other factors set forth in Perry Ellis
International's filings with the Securities and Exchange
Commission. Investors are cautioned that all forward-looking
statements involve risks and uncertainties, including those risks
and uncertainties detailed in Perry Ellis' filings with the SEC.
You are cautioned not to place undue reliance on these
forward-looking statements, which are valid only as of the date
they were made. We undertake no obligation to update or revise any
forward-looking statements to reflect new information or the
occurrence of unanticipated events or otherwise.
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