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TheStreet Open House

Perry Ellis International Announces Children's License Agreement For Perry Ellis(R) And Original Penguin(R) Brands

Stocks in this article: PERY

MIAMI, April 17, 2014 (GLOBE NEWSWIRE) -- Perry Ellis International (Nasdaq:PERY) announced today that it has entered into license agreements with Parigi Group Ltd. for boy's and girl's casual sportswear, activewear and swim for sizes newborn to 20 in the U.S. and Canada under the Perry Ellis and Original Penguin trademarks. The company will continue to partner with LF U.S.A. Inc. for Perry Ellis Portfolio® boy's dress wear. The new collections launch in better department stores, with Original Penguin available for spring 2015 and Perry Ellis for Back to School 2015.

Perry Ellis and Original Penguin are two of the most recognizable consumer brands. Their products are sold internationally through company-owned retail stores, major retailers and specialty stores, as well as on www.PerryEllis.com and www.OriginalPenguin.com .

"We are excited to work with Parigi Group and to extend the reach of our global portfolio of lifestyle brands," remarked George Feldenkreis, chairman & chief executive officer of Perry Ellis International. "The addition of children's apparel reflects our diversification strategy, which enables Perry Ellis International to leverage its brand lifestyles across categories and channels to drive further growth and profitability." 

Mr. Marco Srour, owner, CEO & president of Parigi Group, stated, "Parigi Group is certainly proud of joining the PEI family of brands and is extremely excited about the opportunity of representing these two distinct, iconic lifestyle brands in children's apparel. Be it updated Americana or vintage preppy, each possesses a rich heritage in fashion and quality. Our company looks forward to working closely together with PEI, ensuring their unique attributes are successfully interpreted in kids, while securing a strong footprint with department stores and specialty stores nationwide."

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 pants, casual pants and shorts, jeans wear, active wear, dresses 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®, Rafaella®, Cubavera®, Ben Hogan®, Savane®, Original Penguin® by Munsingwear®, Grand Slam®, John Henry®, Manhattan®, Axist®, and Farah®. The Company enhances its roster of brands by licensing trademarks from third parties, including: Nike® and Jag® for swimwear, and Callaway®, PGA TOUR®, and Jack Nicklaus® for golf apparel. Additional information on the Company is available at http://www.pery.com.

About Parigi Group Ltd

Founded in 1981, Parigi Group has established itself as the premier lifestyle apparel company in the Children's Industry, servicing all tiers of Department Stores, Specialty retailers & Athletic Specialty Stores in North America. Their portfolio of licensed brands include: Puma, Puma Ferrari, DKNY, Lucky Brand, Nicole Miller, LRG & Paul Frank. In addition, Parigi owns & operates the Hartstrings Children's brand, retail operation & e-commerce businesses. The Hartstrings, Kitestrings & kc parker brands are available in better department stores & high-end specialty stores nationwide. To learn more about Parigi Group & Hartstrings, please visit  www.parigigroup.com  &  www.hartstrings.com .

CONTACT: Maria Folyk-Kushneir
         SVP of Licensing
         Perry Ellis International
         maria.folyk-kushneir@pery.com
         212-536-5718
         
         Orly Goldstein
         EVP of Sales
         Parigi Group Ltd.
         orly@parigigroup.com
         212-378-1276

Perry Ellis International, Inc. logo

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