Perry Ellis International (NASDAQ:PERY) announced today the
launch of PGA TOUR® Collegiate Apparel at retail accounts
nationwide, offered through a licensing agreement with The
Collegiate Licensing Company (CLC), a division of IMG Worldwide,
and the PGA TOUR. The merchandise will bear the logos of top
colleges and universities around the country and will be available
in over 500 locations across the U.S.
Unique to this brand of collegiate apparel, professional golfers
from the PGA TOUR will be wearing the logos and colors of their
alma maters during tournament play. Four players will participate
in the initial launch: Woody Austin (University of Miami, class of
’86), Justin Bolli (University of Georgia, class of ’99), Hunter
Haas (The University of Oklahoma, class of ’00) and Omar Uresti
(The University of Texas, class of ’91).
“CLC is the nation’s leading collegiate trademark licensing
company, currently representing more than 200 colleges,
universities, bowl games and athletic conferences in the U.S. We
are extremely excited about this partnership and look forward to
expanding with the PGA TOUR into a niche market of unbelievable
potential,” said Oscar Feldenkreis, President and Chief Operating
Officer of Perry Ellis International.
The new collegiate line will be available throughout the United
States at several channels of retail distribution including
department stores, sporting goods stores, college book store fan
shops, and the internet and catalogs, with PEI providing its
expertise in design, sourcing and distribution. The product will
launch for the back-to-school 2010 season and will include
performance knit polos for 13 top schools. Products for the holiday
season will also include fleece, wind wear, jackets and long sleeve
performance knits. Expansion plans include an additional 50
schools.
“There has always been a strong connection between golf
consumers and the college fan base,” stated Scott Bouyack, Vice
President of Apparel Marketing for CLC. “We believe this
partnership with PEI will be successful in further extending that
connection through innovative retail product, as well as the
visibility the products and the collegiate brands will receive from
collegiate alumni on the PGA TOUR that participate in the marketing
program.”
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®, Centro®, Solero®,
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 Golf®, TOP-FLITE®, PGA TOUR® and
Champions Tour® for golf apparel. Additional information on the
Company is available at http://www.pery.com.
About The Collegiate Licensing Company (CLC)
CLC is a division of global sports and entertainment company
IMG. Founded in 1981, CLC is the oldest and largest collegiate
licensing agency in the U.S. and currently represents nearly 200
colleges, universities, bowl games, athletic conferences, The
Heisman Trophy and the NCAA. The mission of CLC is to be the
guiding force in collegiate trademark licensing and one of the top
sports licensing firms in the country. CLC is dedicated to being a
center of excellence in providing licensing services of the highest
quality to its member institutions, licensees, retailers and
consumers. Headquartered in Atlanta (Ga.), CLC is a full-service
licensing representative, which employs a staff of more than 80
licensing professionals who provide full-service capabilities in
brand protection, brand management, and brand development. For more
information on CLC, visit: www.clc.com or www.imgworld.com.
About PGA TOUR
The PGA TOUR is the world’s premier membership organization for
touring professional golfers, co-sanctioning more than 100
tournaments on the PGA TOUR, Champions Tour and Nationwide
Tour.
The PGA TOUR’s mission is to entertain and inspire its fans,
deliver substantial value to its partners, create outlets for
volunteers to give back, generate significant charitable and
economic impact in communities in which it plays, and provide
financial opportunities for TOUR players.
In 2010, the three Tours collectively have tournaments in 34
states and in 12 countries outside of the U.S. PGA TOUR tournaments
are broadcast to nearly 600 million households in 225 countries and
30 languages.
Virtually all tournaments are organized as nonprofit
organizations in order to maximize charitable giving. In 2009,
tournaments on the three Tours generated $108 million for local
charitable organizations. The TOUR’s all-time total of charitable
contributions is approaching $1.5 billion.
The PGA TOUR's web site is PGATOUR.COM, the No. 1 site in golf,
and the company is headquartered in Ponte Vedra Beach, FL.
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)
Historical Stock Chart
From May 2024 to Jun 2024
Perry Ellis International Inc. (delisted) (NASDAQ:PERY)
Historical Stock Chart
From Jun 2023 to Jun 2024