Perry Ellis International Announces New License Agreement for Perry Ellis Branded Boys’ Apparel
January 22 2010 - 11:59AM
Business Wire
Perry Ellis International (NASDAQ: PERY) announced today that it
has entered into a license agreement with Fishman & Tobin, Inc.
to design, manufacture and distribute boys’ apparel as well as
girls’ and boys’ school uniforms under the Perry Ellis®, Perry
Ellis Portfolio® and Perry Ellis America® family of brands.
Fishman & Tobin, Inc. is recognized as a leader in boys’
dress and sportswear in all channels of distribution. For over 90
years, the family-run business has been known as a supplier of
excellence for its quality, service and innovation in the
marketplace. Fishman & Tobin's reputation for providing great
value in children's wear has enabled it to grow to be the number
one company in boys’ dress wear and school uniforms.
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 Fishman & Tobin. “
New boys’ and girls’ products will be available throughout the
United States and Canada in several channels of retail
distribution. Initial shipments will arrive for the Fall 2010
season.
“We are excited to be working with Perry Ellis International,
who has a history of brand building and driving sales,” said Jimmy
Rosenfeld, President of Fishman & Tobin, Inc. “The highly
recognized Perry Ellis family of brands has a strong DNA from which
to continue growing its product categories and channels of
distribution; with this the opportunities are endless.”
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 Fishman & Tobin
Fishman & Tobin, Inc. has been in business for over 90 years
and is a family run business with a reputation as the leader in
boys’ dress and sportswear. The company has been recognized as a
supplier of excellence in all channels of distribution for its
quality, service and innovation in the marketplace. Fishman &
Tobin's reputation for bringing great value in children's wear has
enabled it to grow to be the number one company in boys’ dress wear
and school uniforms.
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, trade names 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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