MIAMI, Oct. 31, 2013 (GLOBE NEWSWIRE) -- (Nasdaq:PERY) Perry Ellis International, Callaway Golf's apparel licensee, today confirmed an agreement to expand its current partnership with one of the world's largest golf companies to design, manufacture and sell golf apparel across Europe, the Middle East and Africa.
"We look forward to leveraging Callaway's global recognition to further grow a truly authentic and international golf apparel collection," commented Oscar Feldenkreis, President and Chief Operating Officer of Perry Ellis International. "We have become a market leader for golf and technical performance apparel, and will continue to make the necessary investments to make Callaway the premier golf apparel brand in the world. Given the current strength of the Callaway Golf brand, we believe this iconic brand will perform well in all geographic markets and help to further strengthen our relationships with our retail partners around the world."
Currently, the principal apparel distribution in the region is operated directly by Callaway Golf. Perry Ellis International will assume responsibility for distribution channels for golf apparel product across Europe, the Middle East, and Africa, transitioning on January 1st, 2014. The men's and women's European Callaway Fall 2013 line is currently available at retail at leading golf specialty stores and resorts in the UK, Ireland, Germany, Sweden, Norway, Spain, Portugal, Austria, Switzerland, Finland, Czech Republic, Turkey and the Middle East. The addition of South Africa as well as a full European roll-out of the brand is expected by Spring 2014.Oliver 'Chip' Brewer, President and CEO for Callaway Golf stated, "We are delighted to announce this expansion. Perry Ellis International has proven that they understand the importance we associate with our brand and has the skills, market knowledge, and relationships to expand Callaway's leadership position in these markets." He added, "Our strong relationship with Perry Ellis international's team will ensure a smooth transition for our customers and consumers, and I am confident that their expertise in all aspects of the golf apparel market will further enhance and grow the Callaway brand."
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts