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Perry Ellis International Announces Licensing Agreement With Delta Galil For Original Penguin By Munsingwear Sleepwear And Underwear

Stocks in this article: PERY

MIAMI, May 21, 2013 (GLOBE NEWSWIRE) -- Perry Ellis International (PEI) (Nasdaq:PERY) announced today that it has entered into a license agreement with Delta Galil Industries USA, granting rights for Original Penguin by Munsingwear men's underwear and sleepwear for the U.S. and Canada. Original Penguin, one of the most recognizable brands in the PEI power portfolio, is known for its modern vintage-inspired designs and the iconic Penguin logo. The brand is sold internationally through company-owned retail stores, major retailers and specialty stores, as well as on .

Under the agreement, Delta Galil will develop, produce and distribute Original Penguin men's underwear and loungewear. Some of the initial collection will hit stores as early as Holiday 2013, making a great add-on option for the gift-giving season, while the first complete collection will be launched for Spring 2014. Distribution will include Original Penguin retail stores as well as better department and specialty stores in the U.S. and Canada.

"Delta Galil is an industry leader in its category and the perfect partner for bringing the quality and aesthetic of the Original Penguin brand to life through these exciting product extensions," said Oscar Feldenkreis. "Known for their strength in design, product and material innovation, we look forward to working with the Delta team as we continue to extend Original Penguin's fashion influence around the globe."

This agreement adds a new product category for the must-have brand. Delta Galil is the producer of some of the most successful private label underwear lines in the world. A global manufacturer and marketer of socks, underwear and intimates for men, women and children, Delta Galil is renowned for its "body-before-fabric" philosophy which places equal emphasis on comfort, aesthetics and quality.

"An icon of classic American style, the Original Penguin brand strengthens our licensed portfolio and furthers our strategy in the intimate apparel marketplace," said Isaac Dabah, CEO of Delta Galil. "We are excited to be partnering with Perry Ellis International and the Original Penguin team as we create a new and differentiated collection that reflects the heritage and spirit of the brand."

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