Perry Ellis International (NASDAQ:PERY) has entered into an
exclusive license agreement with Nolan Glove Company (Nolan) to
manufacture, design and distribute women’s Laundry by Shelli Segal®
year-round accessories, including: hats, caps, earmuffs, gloves,
mittens, scarves and wraps.
Headquartered in New York City, Nolan is one of the oldest glove
companies in America. Founded in 1920, the company has a heritage
of creating fashion in an industry segment that traditionally
focused on utility. “We are very excited to partner with the Nolan
Glove Company and benefit from their ninety years of experience in
year-round accessories manufacturing,” stated Oscar Feldenkreis,
President & Chief Operating Officer of parent company, Perry
Ellis International. “Nolan’s head and handwear expertise ranges
from the finest leather to complex knitting, ensuring the superior
quality expected by our Laundry by Shelli Segal customer.”
Michael P. Nolan, President of Nolan Glove Company, added, “We
consider Laundry by Shelli Segal to be the most forward fashion
platform in the contemporary market today. The driving force at
Nolan has been exquisite execution of product and we have found the
same aesthetic at Laundry by Shelli Segal. It is truly an organic
partnership that will reinvigorate our market with luxurious
energy.”
Launching fall 2010 in-store, Laundry by Shelli Segal year-round
accessories will be distributed to better department stores and
specialty stores. The collection will launch to the trade at the
end of January.
About Laundry by Shelli Segal®
Established in 1988, Laundry by Shelli Segal® is a leading
producer of women’s day and evening dresses. The dresses are a
reflection of the “LA Girl” – feminine and contemporary with an
energetic and free-spirited attitude, always craving the next
fashion statement. Every season, Laundry by Shelli Segal interprets
the latest trends, adding unique styling that creates a signature
look. The label is featured regularly in national publications
including InStyle, Lucky, Glamour, Elle, Teen Vogue, Us Weekly and
InTouch, and is sought after by fashionistas and Hollywood
A-listers alike.
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 Pierre Cardin® for men’s sportswear, 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 Nolan Glove Company
Nolan Glove Company, Inc. is one of the oldest glove companies
in America, and remains family-run. Headquartered in New York City
and distributing from its state of the art facility in Florida, the
Company produces headwear and handwear in materials ranging from
the finest leather to complex knits, as well as sport and extreme
sport technical product.
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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