Perry Ellis International Announces License Agreement with Pierre Cardin

Perry Ellis International (NASDAQ:PERY) announced today that it has signed a licensing agreement with S.A.R.L. de Gestion Pierre Cardin to source, sell and distribute the Pierre Cardin® brand for men’s sportswear, except for woven shirts, in the U.S., Puerto Rico and the U.S. Virgin Islands. This is a five year agreement, starting in 2010.

“The addition of an iconic brand such as Pierre Cardin, with its amazing heritage, worldwide recognition and enormous untapped potential, creates new and exciting growth opportunities for Perry Ellis International,” George Feldenkreis, Chairman and CEO of Perry Ellis International, commented.

“Pierre Cardin remains one of the best known fashion brands in the world today. We are thrilled to partner with Perry Ellis International – a worldwide fashion leader for the U.S. market,” said Edouard Saint Bris, International License Manager at S.A.R.L. de Gestion Pierre Cardin. “This partnership will allow the Pierre Cardin brand to reach its full potential in the largest consumer market in the world. We are looking forward to a long and mutually beneficial partnership.”

Perry Ellis International will distribute the brand in department stores starting next January.

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® by Munsingwear, Grand Slam®, Natural Issue®, Pro Player®, the Havanera Co.®, Axis®, Tricots St. Raphael®, Gotcha®, Girl Star®, MCD® John Henry®, Mondo di Marco®, Redsand®, Manhattan®, Axist® and Farah®. 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 Pierre Cardin

Sometimes visionary Dressmaker, sometimes inveterate Businessman. Pierre Cardin is a personality, an inescapable brand in the fashion of the last fifty years.

First tailor of the house Christian Dior during his opening in 1947, Pierre Cardin so participates in the success of the new-look. He leaves three years later to base his own house. In 1953, his first collection presents coats and suits of an impeccable cut, associating inventiveness and sense of the detail. The line for man launched in 1958, revolutionizes the men fashion. Here is defined a new criteria : comfort and elegance. Through a licensing system, this allows him to adapt his concept to the ambient market, placing him the first one to the world in number of licenses as well as in sales volume.

Forerunner, Pierre Cardin was the first Designer to become established in China, to open his own theatre “L’ESPACE CARDIN”, to take control of the Maxim’s de Paris brand name, to enter the French Academy of Arts, to be appointed as UNESCO Ambassador.

Innovator, he democratizes the products of the fashion without giving up his strength of invention.

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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