Perry Ellis International, Inc. (NASDAQ: PERY) ("the Company”) announced
that it has completed the purchase of the world-wide intellectual
property rights of the Ben Hogan family of brands from Callaway Golf Co.
(NYSE:ELY). The Company will also assume all license arrangements,
including South Korea & Japan, for apparel and accessories under the Ben
Hogan brand name.
Ben Hogan (1912 – 1997) "The Hawk" is one of the legendary giants of
golf history with over 69 PGA Tour victories and 9 major championships.
Following his most successful season, Hogan started his golf club
company in the fall of 1953 in Fort Worth, TX. Today, the brand name
remains renowned among players and fans around the world and still
stands for the superior quality he demanded throughout his career.
"We are extremely pleased with the addition of the Ben Hogan brand to
our current golf portfolio as it reinforces our strategic focus on our
core competency in golf lifestyle apparel. We are working to launch the
Ben Hogan brand, within major retailers looking to capitalize on the
white space on their floors and in the marketplace,” commented Oscar
Feldenkreis, president and chief operating officer of Perry Ellis
International.
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, as well as select children's apparel. 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(R), Jantzen(R), Laundry by
Shelli Segal(R), C&C California(R), Rafaella(R), Cubavera(R), Centro(R),
Solero(R), Munsingwear(R), Savane(R), Original Penguin(R) by
Munsingwear(R), Grand Slam(R), Natural Issue(R), Pro Player(R), the
Havanera Co.(R), Axis(R), Tricots St. Raphael(R), Gotcha(R), Girl
Star(R), MCD(R), John Henry(R), Mondo di Marco(R), Redsand(R),
Manhattan(R), Axist(R), Farah(R), Anchor Blue(R) and Miller's
Outpost(R). The Company enhances its roster of brands by licensing
trademarks from third parties, including: Pierre Cardin(R) for men's
sportswear, Nike(R) and Jag(R) for swimwear, and Callaway(R),
TOP-FLITE(R), PGA TOUR(R) and Champions Tour(R) 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" and similar
words or phrases or comparable terminology. 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, 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 level of consumer spending for apparel and other
merchandise, our ability to compete, exposure to foreign currency risk
and interest rate risk, possible disruption in commercial activities due
to terrorist activity and armed conflict, and other factors set forth in
Perry Ellis International's 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.
