Perry Ellis International announces license agreement for men’s ophthalmic glasses and sunglasses under the Farah® brand

MIAMI, 2018-Mar-02 — /EPR Retail News/ — Perry Ellis International (Nasdaq:PERY) announced today (Feb. 27, 2018) that it has entered into a license agreement with INSPECS Group for men’s ophthalmic glasses and sunglasses under the Farah® brand.  The new collection will launch in optical retail channels, boutique independent opticians and larger optical retail chains.  Sunglasses distribution will be spearheaded via the travel retail sector alongside Farah’s existing key retail partners and department stores.  The new Farah eyewear collection will be available to view from the international eyewear platform of MIDO Milan.  Farah eyewear product will be in stores from Q4 2018.

The Farah brand is rooted in rich heritage and bolstered by street credibility, leveraging creative ambassadors to drive success. These extraordinary individuals are empowered to become product developers, storytellers and educators inspiring millions of consumers. For fashion-minded hipsters in East London and international artists alike, the name Farah represents a melding of bold style and solid quality that resonates with youth of all walks.  Farah products are sold internationally through major retailers and company-owned retail stores, as well as on www.Farah.co.uk.

Perry Ellis International Chief Executive Officer & President Oscar Feldenkreis remarked, “We are truly delighted to partner with the INSPECS group.  This partnership will combine decades of experience to deliver high quality, fashionable timeless classics and must-have fashion forward pieces under our iconic Farah brand.”

Founder and CEO Robin Totterman said: “We are absolutely delighted that INSPECS have been appointed as partner of choice to extend the Farah brand into the specialist eyewear market. We look forward to our continued work with the Farah brand team and Perry Ellis International, and to welcoming this much-coveted brand to our portfolio of brands. We see Farah as a key building block in our strategy for INSPECS’ strong growth in the coming years. It is clear that Farah is the menswear brand to watch, with its massive upward trajectory both via online and brick-and-mortar fashion retailers.”

For more information about Perry Ellis International, Inc. and the company’s entire portfolio of brands, please visit. www.PERY.com.

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®, An Original Penguin® by Munsingwear®, Laundry by Shelli Segal®, Rafaella®, Cubavera®, Ben Hogan®, Savane®, Grand Slam®, John Henry®, Manhattan®, Axist®, Jantzen® 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 and Guy Harvey® for performance fishing and resort wear.  Additional information on the Company is available at http://www.pery.com.

About INSPECS GROUP
INSPECS Group (established 1988) licenses, designs, manufactures and distributes branded eyewear products (optical frames, sunglasses, safety eyewear) with a portfolio of well-recognised brands, both owned and licensed (including FARAH, Superdry, Radley, O’Neill, CATERPILLAR, NASCAR and Santana).

INSPECS serves the largest optical retailers, smaller boutique opticians, travel retail and its brand partners’ retail outlets.

Contact:
Anthony Pessok
Anthony.pessok@pery.com
Tel: 3531 405 38 40

Imane Maghrani
Press and PR enquiries
Imane.maghrani@inspecs.com

Andy Matthews
Commercial Director
Andy.matthews@inspecs.com

Source:  Perry Ellis International/globenewswire

Perry Ellis International collaborates with Good People for men’s underwear and loungewear under the Perry Ellis Portfolio® trademark in South Korea

MIAMI, 2018-Feb-23 — /EPR Retail News/ — Perry Ellis International (Nasdaq:PERY) announced today ( Feb. 21, 2018) a new license agreement with Good People Co. Ltd for men’s underwear and loungewear under the Perry Ellis Portfolio® trademark in South Korea. The product launch is planned in Fall 2018.

Perry Ellis believed fashion was fun, and should never be taken too seriously. Patterns, pops of color, new shapes and never before-seen styles — he embraced it all, rewriting the rules and redefining American sportswear. Today, Perry Ellis is the go-to designer fashion brand that gives men confidence in every, and any, situation through innovative and versatile styles.

“We are pleased to collaborate with Good People.  We see great potential for growth in the South Korean market and are pleased to take these continued steps in our business expansion,” remarked Oscar Feldenkreis, CEO and President of Perry Ellis International.

“We look forward to working closely with the Perry Ellis design and management team to bring Perry Ellis’ unique brand positioning and commitment to product excellence to the Korean consumer across multiple distribution channels,” said Yoon Woohwan, CEO of Good People Co. Ltd.

For more information about Perry Ellis International, Inc. and the company’s entire portfolio of brands, please visit. www.PERY.com.

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®, An Original Penguin® by Munsingwear®, Laundry by Shelli Segal®, Rafaella®, Cubavera®, Ben Hogan®, Savane®, Grand Slam®, John Henry®, Manhattan®, Axist®, Jantzen® 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 and Guy Harvey® for performance fishing and resort wear.  Additional information on the Company is available at http://www.pery.com.

About Good People Co. Ltd
Good People Co., Ltd., is publically traded on the Korean stock exchange, and manufactures and wholesales underwear and loungewear products for men,  women and children  in Korea and internationally. The company offers its products under the BODYGUARD, Yescode, SEXYCOOKIE, JAMES DEAN, G-gear, 1st OLOR, and Don & Dons brands. The company is also the licensee for Levi’s body wear in South Korea. Good People Co., Ltd, founded in 1991, is based in Seoul, South Korea and trades on the South Korean Stock Exchange: KOSDAQ -33340.

Contact:

Pamela Fields
VP International Licensing and Business Development
pamela.fields@pery.com
212-536-5602

Jeong Hwan, Yim, Marketing Director
equalizer@goodpeople.co.kr
82-2-320-6681

Source: Perry Ellis International Inc./globenewswire

Perry Ellis appoints Jorge Narino as Interim Chief Financial Officer

MIAMI, 2017-Nov-13 — /EPR Retail News/ — Perry Ellis International, Inc. (NASDAQ:PERY) announced today the appointment of Jorge Narino as Interim Chief Financial Officer, reporting to Oscar Feldenkreis, CEO & President of Perry Ellis International. Mr. Narino is being elevated to the CFO role on an interim basis after serving Perry Ellis for 13 years, including in his current role as Senior Vice President of SEC Financial Reporting.  Prior to joining the Company, Mr. Narino, who has over 25 years of financial management experience, spent 12 years in public accounting. Mr. Narino is succeeding David Rattner, who will be leaving the Company, effective immediately, to pursue other opportunities.

“Jorge has the long-standing confidence of our employees, the executive team and the Board.  While we are disappointed at David’s decision to leave Perry Ellis, we are fortunate that we have someone as skilled and knowledgeable about the Company as Jorge to step into this role on an interim basis.  We are confident that Jorge’s knowledge of the Company positions him well to step into the CFO role quickly with little learning curve, and will allow us to seamlessly continue our growth and profitability plan without any delays for a transition,” commented Oscar Feldenkreis.

“I am excited to assume this new role,” said Mr. Narino.  “I look forward to using my experience with Perry Ellis to execute on our growth plan and continue to deliver innovative products to our customers.”

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®, An Original Penguin® by Munsingwear®, Laundry by Shelli Segal®, Rafaella®, Cubavera®, Ben Hogan®, Savane®, Grand Slam®, John Henry®, Manhattan®, Axist®, Jantzen® 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 and most recently Guy Harvey® for performance fishing and resort wear.  Additional information on the Company is available at http://www.pery.com.

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,” “believe,” “budget,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “guidance,” “indicate,” “intend,” “may,” “might,” “plan,” “possibly,” “potential,” “predict,” “probably,” “proforma,” “project,” “seek,” “should,” “target,” or “will” or the negative thereof or other variations thereon and similar words or phrases or comparable terminology. Such forward-looking statements include, but are not limited to, statements regarding Perry Ellis’ strategic operating review, growth initiatives and internal operating improvements intended to drive revenues and enhance profitability, the implementation of Perry Ellis’ profitability improvement plan and Perry Ellis’ plans to exit underperforming, low growth brands and businesses. 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, recent and future economic conditions, including turmoil in the financial and credit markets, the effectiveness of our planned advertising, marketing and promotional campaigns, our ability to contain costs, disruptions in the supply chain, including, but not limited to these caused by port disruptions, disruptions due to weather patterns, our future capital needs and our ability to obtain financing, our ability to protect our trademarks, 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 effectiveness of our plans, strategies, objectives, expectations and intentions which are subject to change at any time at our discretion, potential cyber risk and technology failures which could disrupt operations or result in a data breach, the level of consumer spending for apparel and other merchandise, our ability to compete, exposure to foreign currency risk and interest rate risk, the impact to our business resulting from the United Kingdom’s referendum vote to exit the European Union and the uncertainty surrounding the terms and conditions of such a withdrawal, as well as the related impact to global stock markets and currency exchange rates; possible disruption in commercial activities due to terrorist activity and armed conflict, actions of activist investors and the cost and disruption of responding to those actions, and other factors set forth in Perry Ellis’ 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.

Allison Malkin, ICR
203-682-8225

SOURCE: Perry Ellis International/GLOBE NEWSWIRE

Perry Ellis International collaborates with NMNY Group for Laundry by Shelli Segal and Laundry by Design trademarks in the USA and Canada

MIAMI, FL, 2017-Oct-30 — /EPR Retail News/ — Perry Ellis International, Inc. (Nasdaq:PERY), announced today that it has entered into a license agreement with NMNY Group, LLC for day and social occasion dresses under the Laundry by Shelli Segal and Laundry by Design trademarks in the USA and Canada. ​NMNY will commence selling the collection in November in department and specialty stores across the United States and Canada.

Feminine, sexy, smart and always glamorous, the Laundry by Shelli Segal collection has been shaping the way women dress for over 25 years. ​The brand continues to inspire women today with iconic styling, vibrant prints and color and the unexpected use of embellishments in every product. The brand’s current licensed categories include outerwear, fashion accessories, intimates, fragrance and home decor which complement the dress, sportswear and swimwear classifications to position Laundry by Shelli Segal as a true lifestyle brand.

Perry Ellis International CEO and President, Oscar Feldenkreis remarked, “Our company looks forward to working closely with​ Marty, and his experienced team at​ NMNY Group, to ​expand the Laundry by Shelli Segal ​dress business. We believe this collaboration will enhance our larger efforts to grow this powerful brand across categories, channels and markets.”

“We are very enthusiastic about the addition of Laundry by Shelli Segal to our portfolio of brands. This iconic brand has been a proven performer over many years and we are proud to support this heritage and the brand’s commitment to feminine, trend right styles for the modern woman,” says Martin Schlossberg, Chairman of NMNY Group, LLC.

For more information about Perry Ellis International, Inc. and the company’s entire portfolio of brands, please visit www.PERY.com.

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®, An Original Penguin® by Munsingwear®, Laundry by Shelli Segal®, Rafaella®, Cubavera®, Ben Hogan®, Savane®, Grand Slam®, John Henry®, Manhattan®, Axist®, Jantzen® 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 and most recently Guy Harvey® for performance fishing and resort wear.  Additional information on the Company is available at http://www.pery.com.

About NMNY Group, LLC
​NMNY Group, LLC and Associates was founded by Martin Schlossberg over 50 years ago. The company is a leading supplier of women’s and junior apparel to the department and specialty store channels and commercializes product under the Nicole Miller New York, Chetta B, Leslie Fay, R&K Originals, Madison Leigh, Karin Stevens, and Isabella Suit brands. Senior executives, Andrea Schlossberg and Gary Rodbell, complete the leadership team that provides appealing, high quality and fashionable product to retailers and consumers.

Contacts:

Stanley Silverstein
President, International Development and Global Licensing
212-536-5424
stanley.silverstein@pery.com

Pamela Fields
Vice President, International Development and Licensing
212-536-5602
pamela.fields@pery.com

​Martin Schlossberg
Chairman
212-944-6500. Ext. 322
martin@cha-inc.com

SOURCE: Perry Ellis International/GLOBE NEWSWIRE

Perry Ellis International announces the election of J. David Scheiner as Non-Executive Chairman of the Board

MIAMI, 2017-Sep-23 — /EPR Retail News/ — Perry Ellis International (NASDAQ:PERY) (“Perry Ellis” or the “Company”) today (September 20, 2017) announced that its Board of Directors has elected J. David Scheiner (“David”) as Non-Executive Chairman. Mr. Scheiner succeeds George Feldenkreis, following the termination of Mr. Feldenkreis’ position as Executive Chairman. George Feldenkreis remains a member of the Board of Directors. These changes, which are part of a multi-year leadership succession planning process, are effective immediately.

“The Board is thankful to George for his vision and leadership over the past 50 years. Both our Board and management team have significantly benefited from George’s dedication and contributions and we wish him all the best.”

Mr. Scheiner was elected to the Perry Ellis Board in June 2014. He is a veteran retailer with more than 35 years serving in senior roles at major retailers including as President and Chief Operating Officer of Macy’s Florida/Puerto Rico, from which he retired in 2009. Mr. Scheiner serves as a consultant to retail and wholesale companies, as well as investment banks and private equity companies investing in the consumer retail industry.

“David has a proven track record and will bring invaluable insight and experience to the role of Chairman,” said Jane DeFlorio, Lead Independent Director. “We have a very strong management team in place and are confident that we are well positioned to maintain our positive momentum and create shareholder value.”

Mr. Scheiner commented, “I am pleased to serve as the Chairman of the Board. With its diverse portfolio of brands, Perry Ellis has excelled throughout the years as it has adapted to the ever-changing retail environment. I look forward to continuing to work closely with Oscar and the other Board members as the Company focuses on growing its core brands, delivers superior design, quality and value directly to our consumers, and drives domestic and international growth.”

Ms. DeFlorio added, “The Board is thankful to George for his vision and leadership over the past 50 years. Both our Board and management team have significantly benefited from George’s dedication and contributions and we wish him all the best.”

Oscar Feldenkreis will remain in his position of Chief Executive Officer.

About J. David Scheiner

J. David Scheiner has served on the Perry Ellis Board of Directors since June 2014. Mr. Scheiner is a veteran retailer with over 35 years serving in senior roles at major retailers including as President and Chief Operating Officer of Macy’s Florida/Puerto Rico, from which he retired in 2009. Mr. Scheiner serves as a consultant to retail and wholesale companies, as well as investment banks and private equity companies investing in the consumer retail industry. He is also a member of the boards of The Strategic Forum as well as the Florida chapter of the National Association of Corporate Directors (NACD). For over 30 years, Mr. Scheiner has been involved with the Miami Children’s Hospital where he is a lifetime trustee, the United Way of Miami-Dade and the University of Miami Sylvester Comprehensive Cancer Center. He has also advised local mayors on business renewal efforts in the Miami-Dade area, and has served on statewide task forces for developing business growth strategies for past governors of Florida.

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®, An Original Penguin® by Munsingwear®, Laundry by Shelli Segal®, Rafaella®, Cubavera®, Ben Hogan®, Savane®, Grand Slam®, John Henry®, Manhattan®, Axist®, Jantzen® 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.

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,” “believe,” “budget,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “guidance,” “indicate,” “intend,” “may,” “might,” “plan,” “possibly,” “potential,” “predict,” “probably,” “pro forma,” “project,” “seek,” “should,” “target,” or “will” or the negative thereof or other variations thereon and similar words or phrases or comparable terminology. Such forward-looking statements include, but are not limited to, statements regarding Perry Ellis’ strategic operating review, growth initiatives and internal operating improvements intended to drive revenues and enhance profitability, expansion (international or domestic), licensing, the implementation of Perry Ellis’ profitability improvement plan and Perry Ellis’ plans to exit underperforming, low growth brands and businesses. 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, recent and future economic conditions, including turmoil in the financial and credit markets, the effectiveness of our planned advertising, marketing and promotional campaigns, our ability to contain costs, disruptions in the supply chain, including, but not limited to those caused by port disruptions, disruptions due to weather patterns, our future capital needs and our ability to obtain financing, our ability to protect our trademarks, 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 effectiveness of our plans, strategies, objectives, expectations and intentions which are subject to change at any time at our discretion, potential cyber risk and technology failures which could disrupt operations or result in a data breach, the level of consumer spending for apparel and other merchandise, our ability to compete, exposure to foreign currency risk and interest rate risk, the impact to our business resulting from the United Kingdom’s referendum vote to exit the European Union and the uncertainty surrounding the terms and conditions of such a withdrawal, as well as the related impact to global stock markets and currency exchange rates; possible disruption in commercial activities due to terrorist activity and armed conflict, actions of activist investors and the cost and disruption of responding to those actions, and other factors set forth in Perry Ellis’ filings with the Securities and Exchange Commission (the “SEC”). 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.

Contacts:

Joele Frank, Wilkinson Brimmer Katcher
Ed Trissel / Jeffrey Kauth / Carrie Klapper
212-355-4449

Source: Perry Ellis International

Perry Ellis International enters into license agreement for accessories under the Savane® trademark in the USA and Canada

MIAMI. FL, 2017-Sep-18 — /EPR Retail News/ — (Nasdaq:PERY) — Perry Ellis International announced today that it has entered into a license agreement with Roma Industries LLC for  small leather goods and accessories, under the Savane® trademark in the USA and Canada. The collection will be available in specialty stores and online with a planned launch in Spring 2018.

Savane® is a leader in comfort, performance, and craftsmanship in men’s dress and casual pants and shorts. It continues the tradition of fine materials, attention to detail and expert workmanship it has maintained since its launch in 1985 with this new line of leather goods and accessories. These new offerings will complement  Savane’s innovations in fabrics and design that help today’s man face whatever his day brings feeling good and looking his best.

“Roma Industries is an ideal partner with a longstanding expertise in the leather goods industry. This collaboration will offer our Savane consumers a wider selection of Savane branded products to meet their lifestyle needs and supports our corporate strategy to build the Savane brand,” said Oscar Feldenkreis, CEO of Perry Ellis International.

“The entire Roma Industries team is excited to be joining with Perry Ellis International to develop and commercialize the extension of the Savane brand into belts and small leather goods, said Paul Horowitz, Chief Executive Officer of Roma Industries. We are confident that both companies will work seamlessly to build a strong presence in evolving retail markets.”

For more information about Perry Ellis International, Inc. and the company’s entire portfolio of brands, please visit. www.PERY.com.

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®, An Original Penguin® by Munsingwear®, Laundry by Shelli Segal®, Rafaella®, Cubavera®, Ben Hogan®, Savane®, Grand Slam®, John Henry®,  Manhattan®, Axist®, Jantzen® 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 Roma Industries LLC
Roma Industries is a 60 year old business that manufactures, imports and distributes a wide variety of leather goods across all retail channels. In addition to the Hadley-Roma Division, the largest distributor of quality watch attachments in the US, Roma manufactures private label product for retailers and high-end brands, in addition to selling their proprietary Bryant Park brand. The factory and fulfillment offices for the company are located in Largo, Florida in a 40,000 square foot facility.

Contact:

Pamela Fields
Pamela.fields@pery.com
212-536-5602

Howard Baum
hbaum@romanind.com
212-268-0723 x303

SOURCE: Perry Ellis International/GLOBE NEWSWIRE

Perry Ellis International Q@ 2018 results: Total revenues of $207 million and rising 2.5% from $202 million in 2017

MIAMI, 2017-Aug-28 — /EPR Retail News/ — Perry Ellis International, Inc. (NASDAQ:PERY) today (August 24, 2017) reported results for the second quarter ended July 29, 2017 (“second quarter of fiscal 2018”).  Second quarter results reflected increases across key financial metrics including increased total revenues and expansion in gross margin, which led to a more than doubling of pre-tax income versus the prior year second quarter.

Key Fiscal Second Quarter 2018 Financial Accomplishments and Operational Highlights:

  • Total revenues of $207 million, exceeding guidance of $202 to $205 million and rising 2.5% (3.0% in constant currency) from $202 million reported in the second quarter of fiscal 2017
  • GAAP gross margin expanded 40 basis points to 37.0% as compared to 36.6% in the prior year period reflecting increases in margin across core brands
  • Adjusted pre-tax income of $3.2 million, rose 116% from adjusted pre-tax income of $1.5 million in the second quarter of fiscal 2017;
  • GAAP pre-tax income was $2.7 million compared to a pre-tax loss of $4.4 million in the comparable period of the prior year
  • Adjusted diluted EPS of $0.16, exceeded guidance of $0.07 to $0.10 per diluted share, compared to adjusted diluted EPS of $0.15 in the second quarter of fiscal 2017;
  • GAAP diluted EPS was $0.06 compared to a diluted EPS loss of $0.24 in the comparable period of the prior year
  • First six months, cash flow from operations tops $40 million with net debt to total capitalization of 8.6%

Company reiterates guidance for fiscal year 2018 for revenues in a range of $870 million to $880 million and diluted earnings per share in a range of $2.07 to $2.17.

Oscar Feldenkreis, Chief Executive Officer and President, commented, “We delivered strong second quarter results, exceeding both our top and bottom line guidance, continuing our positive momentum from first quarter.  Our ongoing positive performance demonstrates the power of our core brands, the strong response to our product innovations and the intense focus with which we direct our resources to deliver.  As a result of our strategies, the quarter saw growth across all key operating metrics with increased net revenue, expansion in gross margin, a significant increase in operating profit and a more than doubling of adjusted pre-tax earnings. Of particular strength were our PERRY ELLIS, Original Penguin, Golf Sportswear and Nike brands.  Our brands and business are positioned for success as we enter the fall season and as such have reiterated our guidance.”

Fiscal 2018 Second Quarter Results

Total revenue was $207 million, a 2.5% increase (3.0% in constant currency) compared to $202 million reported in the second quarter of fiscal 2017.  This reflected growth in core brand sales and strong sell through rates throughout the spring season. The disciplined management of inventory along with increased sales of higher margin core brands led to a 40 basis point expansion in GAAP gross margin to 37.0% in the second quarter from 36.6% in the second quarter of fiscal 2017.  Adjusted gross margin was also 37.0% compared with adjusted gross margin of 36.6% in the comparable period of the prior year.  (Adjusted gross margin excludes certain items as outlined in Table 2 Reconciliation of Gross Profit to Adjusted Gross Profit and Adjusted Gross Margin.)

Adjusted EBITDA totaled $8.5 million as compared to $7.1 million in the comparable period of the prior year. (Adjusted EBITDA excludes certain items as outlined in Table 3, Reconciliation of Net Income to EBITDA and Adjusted EBITDA.)

Adjusted pre-tax income was $3.2 million, increasing 116% from $1.5 million in the second quarter of fiscal 2017. GAAP pre-tax income was $2.7 million compared to a pre-tax loss of $4.4 million in the comparable period of prior year. (Adjusted pre-tax income (loss) excludes certain items as outlined in Table 4 Reconciliation of Net Income (loss) before taxes to Adjusted Net Income (loss) before taxes.)

As reported under GAAP, the second quarter of fiscal 2018 net income was $1.0 million, or $0.06 per diluted share, compared to a GAAP net loss of $3.6 million, or $0.24 per diluted share, in the prior year period. On an adjusted basis, the fiscal 2018 second quarter net income was $2.5 million, or $0.16 per diluted share, as compared to adjusted net income of $2.3 million, or $0.15 per diluted share in the second quarter of fiscal 2017. (Adjusted net income and adjusted earnings per diluted share exclude certain items as outlined in Table 1 Reconciliation of net income (loss) and income (loss) per diluted share to adjusted net income and adjusted net income per diluted share.)

Balance Sheet and Cash Flows

The Company’s financial position continues to get stronger. Cash and investments at the end of the second quarter of fiscal 2018 totaled $53 million and the company’s net debt to total capitalization stood at 8.6% at the end of the second quarter of fiscal 2018 as compared to 17.3% at the end of the second quarter of fiscal 2017.  Working capital management continues to be a critical focus across the organization as inventory turned at approximately 4 times as of the end of the second quarter of fiscal 2018.  Cash flow from operations increased to $40 million for the first six months of fiscal 2018 compared to $36 million in the first six months of fiscal 2017.

George Feldenkreis, Executive Chairman, Perry Ellis International, commented, “We continue to successfully navigate the changing US retail environment, as demonstrated by our strong second quarter performance, and remain committed to accelerate our revenues by creating opportunities that strengthen the performance of our brands.  Our investment in talent, marketing and our digital platform is elevating our brands around the world.”

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®, Original Penguin® by Munsingwear®, Laundry by Shelli Segal®, Rafaella®, Cubavera®, Ben Hogan®, Savane®, Grand Slam®, John Henry®, Manhattan®, Axist®, Jantzen® 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.

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,” “believe,” “budget,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “guidance,” “indicate,” “intend,” “may,” “might,” “plan,” “possibly,” “potential,” “predict,” “probably,” “proforma,” “project,” “seek,” “should,” “target,” or “will” or the negative thereof or other variations thereon and similar words or phrases or comparable terminology. Such forward-looking statements include, but are not limited to, statements regarding Perry Ellis’ strategic operating review, growth initiatives and internal operating improvements intended to drive revenues and enhance profitability, the implementation of Perry Ellis’ profitability improvement plan and Perry Ellis’ plans to exit underperforming, low growth brands and businesses. 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, recent and future economic conditions, including turmoil in the financial and credit markets, the effectiveness of our planned advertising, marketing and promotional campaigns, our ability to contain costs, disruptions in the supply chain, including, but not limited to those caused by port disruptions, disruptions due to weather patterns, our future capital needs and our ability to obtain financing, our ability to protect our trademarks, 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 effectiveness of our plans, strategies, objectives, expectations and intentions which are subject to change at any time at our discretion, potential cyber risk and technology failures which could disrupt operations or result in a data breach, the level of consumer spending for apparel and other merchandise, our ability to compete, exposure to foreign currency risk and interest rate risk, the impact to our business resulting from the United Kingdom’s referendum vote to exit the European Union and the uncertainty surrounding the terms and conditions of such a withdrawal, as well as the related impact to global stock markets and currency exchange rates; possible disruption in commercial activities due to terrorist activity and armed conflict, actions of activist investors and the cost and disruption of responding to those actions, and other factors set forth in Perry Ellis’ 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.

Contact:

Annette Ramos
Investor Relations
305-873-1488
Annette.ramos@pery.com

Source: Perry Ellis International, Inc./globenewswire

Perry Ellis International announces the appointment of David Rattner as CFO

MIAMI, 2017-Feb-07 — /EPR Retail News/ — Perry Ellis International, Inc. (NASDAQ:PERY) announced today (February 6, 2017) the appointment of David Rattner as Chief Financial Officer of Perry Ellis International, Inc., reporting to Oscar Feldenkreis, CEO & President of Perry Ellis International. David brings over 20 years of financial experience from Elizabeth Arden, most recently serving as VP Finance and Corporate Controller. Anita Britt announced her retirement from the company effective March 31, 2017 and will ensure the transition of the CFO office is seamless.

“We are pleased to welcome David to Perry Ellis International and expect his breadth of experience will be a critical element as we enter the growth mode of our 5 point growth and profitability plan,” commented Oscar Feldenkreis. “We thank Anita for her eight years of contributions at Perry Ellis.  She has been instrumental in assisting Perry Ellis to drive gross margin expansion, expense savings and inventory turns.  Anita has built a solid finance team and with her help we anticipate a smooth transition over the next few months.”

Anita Britt stated, “I am proud of my time at Perry Ellis and feel fortunate to have worked with George and Oscar Feldenkreis and the entire organization.  Perry Ellis is a unique company with powerful brands and a strong operating platform.  I look forward to supporting David in his new role and to ensure a smooth transition.”

“I am thrilled to join the talented Perry Ellis team and believe the potential for growth and value creation is tremendous,” said Mr. Rattner.  “These are both exciting and challenging times in the apparel industry, which present real opportunities for a company like Perry Ellis , with its strong portfolio of brands and its focus on delivering innovative retail experience to its customers and consumers.”

Mr. Rattner holds a B.S. in accounting from the University of Florida and is a certified public accountant.

For more information about Perry Ellis International, Inc. and the company’s entire portfolio of brands, please visit www.PERY.com.

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®, Original Penguin® by Munsingwear®, Laundry by Shelli Segal®, Rafaella®, Cubavera®, Ben Hogan®, Savane®, Grand Slam®, John Henry®, Manhattan®, Axist®, Jantzen® 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.

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,” “believe,” “budget,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “guidance,” “indicate,” “intend,” “may,” “might,” “plan,” “possibly,” “potential,” “predict,” “probably,” “proforma,” “project,” “seek,” “should,” “target,” or “will” or the negative thereof or other variations thereon and similar words or phrases or comparable terminology. Such forward-looking statements include, but are not limited to, statements regarding Perry Ellis’ strategic operating review, growth initiatives and internal operating improvements intended to drive revenues and enhance profitability, the implementation of Perry Ellis’ profitability improvement plan and Perry Ellis’ plans to exit underperforming, low growth brands and businesses. 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, recent and future economic conditions, including turmoil in the financial and credit markets, the effectiveness of our planned advertising, marketing and promotional campaigns, our ability to contain costs, disruptions in the supply chain, including, but not limited to these caused by port disruptions, our future capital needs and our ability to obtain financing, our ability to protect our trademarks, 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 effectiveness of our plans, strategies, objectives, expectations and intentions which are subject to change at any time at our discretion, potential cyber risk and technology failures which could disrupt operations or result in a data breach, the level of consumer spending for apparel and other merchandise, our ability to compete, exposure to foreign currency risk and interest rate risk, the impact to our business resulting from the United Kingdom’s referendum vote to exit the European Union and the uncertainty surrounding the terms and conditions of such a withdrawal, as well as the related impact to global stock markets and currency exchange rates; possible disruption in commercial activities due to terrorist activity and armed conflict, actions of activist investors and the cost and disruption of responding to those actions, and other factors set forth in Perry Ellis’ 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.

Contact:

Allison Malkin
ICR
203-682-8225

Source: Perry Ellis International/globenewswire