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Perry Ellis International, Inc. (PERY) Enters into Licensing Agreement with Smart Apparel U.S. for Men’s Dress Clothing Line

Perry Ellis International, Inc. (PERY), with headquarters in Miami, Florida, is a designer, distributor and licensor of a broad line of high quality merchandise. This merchandise includes men’s and women’s apparel, accessories, and fragrances, and is available through all major levels of retail distribution. Through wholly-owned subsidiaries, the company possesses a portfolio of nationally and internationally recognized brands such as Perry Ellis®, Jantzen®, and Cubavera®.

The company has entered into a licensing agreement with Smart Apparel U.S. to design, manufacture and distribute a collection of tailored clothing that includes men’s suits, suit separates and sports jackets. Smart Apparel U.S. is a division of Smart Apparel Ltd., a wholly-owned subsidiary of Youngor LTD which is headquartered in Ningbo, China. The division produces menswear and has license agreements with Claiborne®, Natica®, Concepts by Claiborne®, and O Oscar, an Oscar de la Renta company.

The clothing line with be geared toward the U.S. market under the Perry Ellis® and Perry Ellis Portfolio® brands, and excludes tuxedos. The spring line will be available nationwide in January 2009 at major department stores and at better specialty stores. Both companies believe the pairing is a good one, and Smart Apparel is confident of its abilities to produce the style and quality Perry Ellis represents.

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