Perry Ellis International Elects Barry S. Gluck to Board of Directors
June 16 2008 - 4:47PM
Business Wire
Perry Ellis International (NASDAQ:PERY) announced today the
election of Barry S. Gluck as a new independent member to the
Company�s Board of Directors, bringing the total number of
directors to nine and the number of independent directors to seven.
Mr. Gluck enjoyed a successful 18-year career in retail with a
strong emphasis in merchandising and store planning. He held
numerous senior executive positions at Federated, Dayton-Hudson
Corporation, Macy�s and Ross Stores, Inc., where he worked from
1989 until his retirement in January of 2007 as Executive
Vice-President in charge of merchandising, marketing and store
planning/allocation. During his tenure at Ross Stores, Mr. Gluck
successfully managed and developed planning, procurement and sales,
increasing gross profit for Men�s, Young Men�s, Children�s,
Lingerie, Accessories, Cosmetics and Family Footwear divisions.
�Barry�s extensive experience in the retail industry makes him an
ideal candidate for our Board of Directors. I look forward to his
insights and expect his strong merchandising experience to assist
us greatly as we accelerate our retail store development and
several direct to consumer initiatives both in the US and
oversees,� commented George Feldenkreis, Chairman and CEO. Barry
also has a strong record of giving back to the community. He is
Managing Director of the Fallen Angels Foundation, a non-profit
organization he founded in 2002, with the objective of helping
homeless, abandoned, battered and abused women, children, and
animals. He is an active benefactor of the University of Notre
Dame, where he established scholarship endowments at the Mendoza
College of Business and the Urban Plunge program through the Center
for Social Concerns. Barry is also an active member of the Joyce
Athletics Grants-in-Aid program for student athletes as well as
being involved in Notre Dame�s MBA mentoring program. Barry
graduated from Ohio State University with a degree in political
science and international relations. 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. 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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