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PEI deal with Itochu Prominent to design men's suits

03
May '12
PEI Licensing, Inc. a wholly owned subsidiary of Perry Ellis International announced that it has entered into a license agreement with Itochu Prominent USA, to design, manufacture and distribute men's tailored clothing, including suits, suit separates and sport jackets under the Perry Ellis brand name.

Oscar Feldenkreis, President and COO of Perry Ellis International commented, “Itochu is an industry leader in the tailored clothing market and the right partner to interpret the essence of the Perry Ellis lifestyle. We are excited about the potential of this agreement and working with one of the world's largest companies like Itochu will help guarantee a successful launch.”

Under the agreement, Itochu will distribute product within department stores throughout the United States. Initial shipments will begin to hit the selling floor by January 2013.
Jack Kachadurian, President of Itochu Prominent USA, commented, “Itochu Prominent USA LLC is proud to be a part of the Perry Ellis family and looks to the brand to enhance the continued growth of our men's tailored clothing platform.”

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.

Itochu Prominent USA LLC is the North American textile arm of Itochu International Inc and global Japanese trading giant Itochu Corporation with $43 billion in trade revenues.

Perry Ellis International


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