Perry Ellis International Announces Licensing Agreement for Jack Nicklaus
MIAMI, Nov. 20, 2013 (GLOBE NEWSWIRE) -- (Nasdaq:PERY) – Perry Ellis
International, Inc. (PEI) announced today that it has entered into an
exclusive, long-term licensing agreement with Nicklaus International Brand
Management to design, develop, manufacture and distribute men's and ladies'
sportswear, tailored clothing and accessories under the Jack Nicklaus brand
and Golden Bear icon. The licensed territories initially include the United
States, Canada and Mexico.
"We are thrilled to feature Jack Nicklaus in our global portfolio of lifestyle
brands. Jack personifies the meaning of a golf and sports icon, as well as a
first-class gentleman and sportsman, and he continues to be an outstanding
role model through his commitment to family and philanthropy," said Oscar
Feldenkreis, president and chief operating officer of Perry Ellis
International. "This partnership is evolving during a very exciting time in
Perry Ellis International's golf history. As we take Jack's legacy to the next
level, I am confident that the rich heritage associated with his brand will
resonate with a broad and loyal fan base across the globe."
The addition of Jack Nicklaus represents a diversification strategy which
enables Perry Ellis International to leverage its resources and core
competencies in product, marketing, and operations to drive consistent growth
"The success of Perry Ellis International's golf division emanates from our
exceptional capability to offer quality, innovative products," commented
George Feldenkreis, chairman and chief executive officer of Perry Ellis
International."We are focused on meeting customer needs across a variety of
product categories, and each brand under our golf portfolio represents a
unique lifestyle, directed toward a defined consumer, which diversifies our
opportunities for long-term growth."
Nicknamed the 'Golden Bear,' Jack Nicklaus is widely regarded as a sports icon
and the greatest champion in the history of game of golf, winning a record
total of 18 professional major-championship titles, 73 official TOUR victories
and 120 total victories worldwide.
"I chose Perry Ellis International for a number of reasons," Nicklaus said.
"It's a company with an enthusiastic focus on building a lifestyle business
with me. They are a company with ideas that are fresh and innovative. I have
always tried to be the best I can possibly be, whether it is in golf or
business, and Perry Ellis has a like-minded commitment to excellence.This is
an important step for my brand as we look to expand into a variety of
lifestyle categories in a quality way."
Nicklaus, who also holds the record for senior major championships with eight
and remains the only player to have won all four of golf's modern majors on
both the regular and senior tours, will serve as a brand ambassador.
The legacy Jack Nicklaus has left as a champion can be rivaled by the legacy
he is leaving as a golf-course designer, businessman and philanthropist. His
thriving golf course design firm, Nicklaus Design, has helped grow the game
worldwide with more than 380 courses in 36 countries. In addition,
Nicklaus-branded products in a number of golf and lifestyle categories have
been marketed worldwide since 1962. The Golden Bear is the only industry
professional to have been named by Golf Inc. magazine as "The Most Powerful
Person in Golf" a record six consecutive years, due to his impact on various
aspects of the industry through his course design work, marketing and
licensing business, his ambassadorial role in promoting and growing the game
worldwide, and his involvement on a national and global level with various
Nicklaus was named "Golfer of the Century" or "Golfer of the Millennium" by
almost every major golf media outlet in the world; he was named Individual
Male Athlete of the Century by Sports Illustrated, and one of the 10 Greatest
Athletes of the Century by ESPN; and in November 2005, the Golden Bear was
honored at the White House with the Presidential Medal of Freedom, the highest
honor given to any U.S. civilian. That same year, he was unanimously named by
GolfWorld Magazine as its Newsmaker of the Year.
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®, Jantzen®, Laundry by Shelli Segal®, C&C California®, Rafaella®,
Cubavera®, Ben Hogan®, Centro®, Munsingwear®, Savane®, Original Penguin®by
Munsingwear®, Grand Slam®, Natural Issue®, Pro Player®, the Havanera Co.®,
Gotcha®, MCD®, John Henry®, Mondo di Marco®, Redsand®, Manhattan®, Axist®,
Farah®, Anchor Blue®, Miller's Outpost®, Tahoe River Outfitters®, Original
Khaki Company® and Techworks®. The Company enhances its roster of brands by
licensing trademarks from third parties, including: Nike® and Jag® for
swimwear, and Callaway®, PGA TOUR® and Champions Tour® 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.
CONTACT: Perry Ellis International
Director of Sports Marketing
Perry Ellis International, Inc. logo
Press spacebar to pause and continue. Press esc to stop.