Perry Ellis International, Inc. has amended and expanded its license agreement to design, manufacture and distribute apparel and related accessories with Callaway Golf Co. The company will assume all distribution channels in the western hemisphere (US/Canada/Caribbean/Mexico/Central & Latin America) including sporting goods, national accounts, green grass, tournaments, specialty golf stores, and e-commerce channels. The company will continue to service better department & specialty stores, and the corporate wear market as per its original agreement with Callaway.
Oscar Feldenkreis, President and COO of Perry Ellis International commented, “The expansion of our agreement with Callaway strengthens the partnership between our leading brands and marks yet another milestone for our company as we expand the scope and reach of our golf lifestyle apparel offering on an international basis.”
“Combining the strength of Callaway's brand around the world with our expertise in developing new geographies and channels of distribution presents unprecedented growth potential. We look forward to continuing a long and mutually beneficial partnership,” continued Feldenkreis.
Both companies are working collectively on the transition of servicing these new geographies and channels of distribution. The Company also noted that it anticipates for this transaction to be accretive to fiscal 2014 earnings per share.
“The Callaway Golf and Perry Ellis International partnership has grown in scope and trust over the last several years,” said John Melican, SVP Global Soft Goods, Callaway Golf. “This expansion represents another step forward in the global distribution of what we feel is the best line of authentic and performance-driven golf apparel available.”
