Perry Ellis Q2 loss dimished

US fashion group Perry Ellis International Inc reported a diminishment in second quarter losses. The results were helped by a 50.3 percent leap in revenues, partially due to the company's new Tropical Sportswear International business.

The company posted a loss of $2.4 million (£ 1.3 million) in the second quarter ended 31 July, compared with $2.6 million in the same period last year. According to Perry Ellis the second quarter usually results in a loss because of the seasonal nature of the business. Total revenues climbed from $126.4 million last year to $190 million. The acquisition of Tropical Sportswear added $50 million to second quarter revenues, said the company. “The TSI integration is progressing extremely well,” said CEO George Feldenkreis in a statement.

The company added that its Perry Ellis brand had also performed well during the second quarter, including a 12 percent sales growth of the men's wholesale operations. Other brands to perform well were Original Penguin and Cubavera. Feldenkreis said in his statement that the company plans to distribute Original Penguin in the European market in spring 2006.

www.perryellis.com
24 August 2005

New president for Perry Ellis

US based Perry Ellis International Inc has appointed Paul F. Rosengard group president of the company's premium brands. Rosengard will assume his new duties on 1 August 2005 and will report to Oscar Feldenkreis, vice-chairman, president and COO of Perry Ellis International.

Rosengard will oversee Perry Ellis, Tricots St. Raphael, Mondo di Marco and Axis and will be based in New York. "Paul's experience, as well as his relationships with retail senior management, will enhance our strong position across all channels of distribution," said Feldenkreis. "In addition, Paul's expertise with acquisitions and subsequent integrations will help maximize efficiencies within our premium brands."

Rosengard was a leading executive at Randa Corp. since 1987. His most recent function there was executive vice president. He was in charge of global sales, marketing and merchandising efforts, including product development, product launches, fixturing and packaging.

www.PerryEllis.com
28 June 2005

Perry Ellis anticipates record revenues

Perry Ellis International Inc anticipates total revenues for the first quarter ended April 30 2005 to approximate $225 million (GBP 123 million). Compared with $197 million in the same period last year, this means a climb of 14 per cent.

The record increase in revenues is in part due to an increase in revenues of $43 million generated by the acquisition in February of certain assets of Tropical Sportswear International Corporation. A $2 million increase in revenues generated by Perry Ellis' menswear wholesale business offset by the expected $17 million sales decline in the Company's swimwear operation also contributed to the total.

The Company further announced it expects net imcome for the quarter to range between $8.5 million and $9 million, which represents an increase of between 4 and 10 per cent.

"We are pleased that preliminary results at this time reflect again a record revenue quarter," said George Feldenkreis, Perry Ellis Chairman and CEO. "Our men's business continues to perform well, and our product lines continue to evolve to meet changing consumer tastes and preferences. The integration of Tropical's operations is proceeding on schedule and revenues during the quarter were consistent with management's expectations. The Tropical acquisition positions us as a major force in the men's bottoms business."

Perry Ellis is a leading designer, distributor and licensor of a wide range of high quality men's and women's apparel, accesories and fragrances. The final results will be released on May 24, 2005.

www.PerryEllis.com
18 May 2005

Perry Ellis acquires UK subsidiary

The US apparel group Perry Ellis International Inc has received bankruptcy court approval for the acquisition of certain domestic operating assets as well as the outstanding capital stock of the UK subsidiary of Tropical Sportswear International for $88.5 million (GBP 49.8 million) in cash. The closing of this transaction is expected to take place on or before 26 February and will be funded by the proceeds from the company's senior credit facility.

George Feldenkreis, Chairman and CEO of Perry Ellis International, said, "This acquisition should add in excess of $230 million in net sales on an annualized basis, and we expect it will be $0.05 - $0.10 accretive in the first twelve months after acquisition. The combined bottoms volume of the two companies makes us one of the largest producers of men's pants in the world. We predicted years ago that retailer consolidation would transform relationships between apparel wholesalers and their customers, and our new assets make Perry Ellis International more valuable and important to its customers."

Oscar Feldenkreis, President and COO of Perry Ellis International, said, "This acquisition enhances our standing with our retail partners by adding many of Tropical's high profile labels to our branded portfolio, including Savane, Farah, and Banana Joe." He added that Tropical's UK subsidiary would provide the company with "an excellent platform for the future expansion of Perry Ellis International brands into Europe."

Perry Ellis International Inc designs, distributes, designs and licenses men's and women's apparel under brands such as Perry Ellis, Jantzen, Cubavera, Munsingwear, John Henry and Original Penguin. The company also licenses trademarks from third parties including Nike and Tommy Hilfiger for swimwear, PING and PGA Tour for golf apparel and Ocean Pacific for men's sportswear. Tropical Sportswear includes brands like Savane, Farah, Flyers, The Original Khaki Co and Bay to Bay.

www.PerryEllis.com
14 February 2005

Strong results Perry Ellis

Perry Ellis International on Monday reported results for the fourth quarter and fiscal year ended January 31, 2003. For the quarter, the Company reported net income of USD 2.8 million compared to a net income of USD 954,000 the previous year.
For fiscal 2003, the Company expects a net income of USD 10.8 million a whopping 64% increase over the fiscal 2002 net income of USD 6.6 million.

Net sales for the fourth quarter, driven by strong shipments from the Company's Jantzen swimwear business, increased 51.3% to USD 79.0 million, compared to USD 52.2 million in the year-ago period. Net sales for the full year grew 10.2% to USD 277.0 million versus $251.3 million last year. The company indicated that sales of men's non-swimwear apparel remained at consistent levels despite a difficult retail environment.

"Fiscal 2003 was a landmark year in our company's history. It is hallmarked by the continued strengthening of the Perry Ellis brand, our integration and execution of the Jantzen business, and the agreement to acquire Salant Corporation to solidify our operating platform. We are pleased with the fourth quarter results. More importantly, we believe we will see our momentum continuing into the new year, despite a challenging market," said George Feldenkreis, Chairman and CEO, Perry Ellis International.

www.PerryEllis.com
March 12, 2003

Perry Ellis buys Salant

Perry Ellis International on Tuesday announced that it has bought Salant Corporation for USD 91 million. Salant a leading designer, marketer and distributor of menswear, licensee for Perry Ellis men's sportswear, dress shirts, dress bottoms and accessories. Salant derived approximately 170 million dollar or 70% of its estimated 2002 revenues from the sale of Perry Ellis products.

Salant is the Company's largest licensee of Perry Ellis branded apparel. According to Salant's management the remaining approximately USD 80 million of Salant's estimated USD 250 million 2002 revenues is made up of sales of the Salant owned brands, Axis and Tricots St. Raphael.

George Feldenkreis, Chairman and CEO of Perry Ellis International, said, "I am very pleased to announce that with this acquisition we will have successfully consolidated control over the Perry Ellis brand. This transaction and our 1999 acquisition of the Perry Ellis trademarks, have immensely strengthened our company and provided us with many opportunities for growth and diversification.

February 5, 2003
www.PerryEllis.com

Perry Ellis licenses Shoe Company

Men's fashion company Perry Ellis International announced on Tuesday that it has entered into a license agreement with Paradise Shoe Company to produce a comprehensive line of casual footwear, belts and hosiery for men and women under the Cubavera and Havanera brand names.
The agreement is for distribution in the United States, Virgin Islands, Puerto Rico and the Bahamas. The initial launch for both brands will be late January with men's footwear only with the first deliveries to be in early May.
Oscar Feldenkreis, President and Chief Operating Officer of Perry Ellis, said: "Cubavera and Havanera are growing, exciting brands for Perry Ellis and we expect a favourable consumer reaction to this product line extension. This deal will allow us to reinforce our presence in the Latin market."
Perry Ellis International markets products in over 40 different categories under the Perry Ellis trademark. Perry Ellis products are available in the United States and in more than 26 countries with worldwide retail sales of over USD 1.5 billion.
Paradise Shoe Company, a privately held company headquartered in Chicago, Illinois, also designs and distributes Sensai sandals and Tommy Bahama footwear, belts and hosiery for men and women in the United States, Canada and the Caribbean.

January 9, 2003
www.PerryEllis.com