MIAMI, Aug. 27, 2015 (GLOBE NEWSWIRE) -- Perry Ellis International, Inc. (PEI) (NASDAQ:PERY) announced that it is assuming direct control of the Perry Ellis men's bottom's and accessories businesses in Canada. PEI will begin shipping products to its retail customers starting with spring 2016 deliveries in January 2016. The Company expects to leverage its successful, directly operated, men's collection sportswear by taking direct control of Perry Ellis men's bottom's and accessories and accelerating growth in Canada.
The license agreement with Grand National Apparel, Inc. for these product categories will terminate on Dec 31, 2015.
Chairman & Chief Executive Officer George Feldenkreis remarked, "While PEI appreciates the efforts and the fine work of Grand National, this is another step in achieving our strategic initiative to expand our profitable international direct business. Canada is a growing market for our Company and we believe we can leverage our Canadian platform and serve our customer base directly within our core competencies."
The Perry Ellis® brand offers a full lifestyle sportswear collection of men's jackets, shirts, trousers, knits, sweaters and outerwear and is sold internationally through major retailers and specialty stores. 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.
CONTACT: Maria Folyk-Kushneir Senior Vice President of Licensing 212-536-5718 firstname.lastname@example.org
Source:Perry Ellis International, Inc.