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Perry Ellis International Extends License Agreement With Nike, Inc.

MIAMI, March 31, 2015 (GLOBE NEWSWIRE) -- Perry Ellis International (PEI) (Nasdaq:PERY) announced today the extension of its license agreement with Nike, Inc. where PEI will continue to design, produce, manufacture and distribute men's, women's and children's performance and non-performance swimwear products, including swim gear, in North America. In addition, the agreement has been expanded to include territories globally with immediate expansion into certain countries within Europe, Central and South America.

"We are extremely pleased and proud to announce our continued partnership with Nike which commenced in 2003. The extension of our license provides us with a platform for long-term growth with one of the world's most recognized brands and is consistent with our strategic initiatives to expand our international footprint," commented Oscar Feldenkreis, President and Chief Operating Officer of Perry Ellis International. "We will continue to leverage our expertise and strong distribution to extend Nike Swim to a larger global footprint."

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®, Jantzen®, Laundry by Shelli Segal®, 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.

CONTACT: Allison Malkin Senior Managing Director ICR 203-682-8225

Source:Perry Ellis International, Inc.