Perry Ellis International Signs New Licensing Agreement for Slippers under the Perry Ellis Brand

Perry Ellis International (NADAQ:PERY) announced today that it has entered into a licensing agreement with SG Footwear Inc. to design, manufacture and distribute men’s slippers under the Perry Ellis® and Perry Ellis Portfolio® brands.

“We are very excited about partnering with a great brand such as Perry Ellis, one of the most iconic brands in menswear,” remarked Bernard Leifer, President & CEO of SG Footwear. “This is a wonderful opportunity to add to our portfolio of licensed brands at the department store channel,” concluded Mr. Leifer.

The line will be available throughout the United States and Canada, and will be sold at the same distribution channel as the Perry Ellis Collection, which is comprised of leading department stores such as Macy’s, Dillard’s, Belk’s, etc. First shipments of the line will be for the Fall ’09 collection.

Oscar Feldenkreis, President and Chief Operating Officer of Perry Ellis International, said: “This is a great opportunity to extend the Perry Ellis brand to another complementary category with a licensee that clearly interprets the essence of the Perry Ellis lifestyle. We look forward to a great partnership with such an industry leader as SG Footwear."

About Perry Ellis International

Perry Ellis International, Inc. is a leading designer, distributor and licensor of a broad line of high quality men's, women's and children’s apparel, accessories, and fragrances. The Company’s collection of dress and casual shirts and tops, suit separates, sweaters, dresses, pants, shorts, jeans wear, outerwear, swimwear, golf apparel and activewear is available throughout all major levels of retail distribution. Through its wholly owned subsidiaries, the Company owns a portfolio of nationally and internationally recognized brands including Perry Ellis®, Perry Ellis America®, Perry Ellis Portfolio®, Jantzen®, Laundry by Shelli Segal®, C&C California®, Cubavera®, Munsingwear®, Savane®, Farah®, Original Penguin® by Munsingwear®, Grand Slam®, Natural Issue®, Pro Player®, the Havanera Co.®, Axis®, Axist®, Manhattan®, John Henry®, Tricots St. Raphael®, Mondo di Marco®, Redsand®, Gotcha®, 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 Callaway®, PING® and PGA TOUR® for golf apparel. Additional information on the Company is available at http://www.pery.com.

About SG Footwear®

SG Footwear, Inc. is one of the world's largest designers, producers and marketers of athletic, casual and beach footwear as well as soft sole slippers. Its footwear products are sold in leading mass, mid-tier, department and specialty retail chain stores under licensed brands such as IZOD, Dockers, Panama Jack, REALTREE, Gecko, Gerber, Gold Toe, Maidenform, Mattel (Fisher-Price) and Newport Blue.

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.

Perry Ellis International Inc. (delisted) (NASDAQ:PERY)
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