Perry Ellis Enters into License Agreement with Seiko USA for Watches

Business Wire, April 5, 2004

Business Editors

MIAMI--(BUSINESS WIRE)--April 5, 2004

Perry Ellis International (Nasdaq:PERY) announced today a license agreement with SII Marketing International, a division of Seiko Instruments USA Inc., for the manufacture and domestic distribution of Perry Ellis(R) men's and women's watches. The line of watches, called Perry Ellis Chronology, will be sold under the Perry Ellis(R), Perry Ellis Portfolio(R), and Perry Ellis America(R) brands.

"This is an excellent opportunity for Perry Ellis(R) to re-enter the marketplace in this product category," said George Feldenkreis, chairman and CEO of Perry Ellis International. "We are also excited to partner with a company that is one of the leading watch companies in the world, a fashion and technology trendsetter."

"We are thrilled to have formed this relationship with Perry Ellis International," said Bob Baldocchi, senior vice president of sales and marketing for SII Marketing International. "The Perry Ellis(R) brand's new design direction brings exceptional opportunities to the market. We are confident that the Perry Ellis Chronology watch collection will exemplify the quality and value that the customer has come to know and trust from Perry Ellis(R)."

The watches will launch for Holiday 2004, and be distributed through department stores and jewelry stores.

About SII Marketing International

SII Marketing International, is a leading design, development, and brand-building company specializing in the creation of innovative and dynamic timepieces. The company's primary offerings include a number of prestigious licensed brands including Disney, Alessi, Issey Miyake, Barbie, Lorus, Harry Potter, and other private label brands. The company's products are sold through all channels of distribution worldwide. Through integrity, innovation and inspiration, SII Marketing strives to produce quality timepieces that are relevant and successful in an ever-changing marketplace.

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, including dress and casual shirts, golf sportswear, sweaters, dress and casual pants and shorts, jeans wear, active wear and men's and women's swimwear to all major levels of retail distribution. The company, through its wholly owned subsidiaries, owns a portfolio of highly recognized brands including Perry Ellis(R), Jantzen(R), Cubavera(R), Munsingwear(R), John Henry(R), Original Penguin(R), Grand Slam(R), Natural Issue(R), Penguin Sport(R), the Havanera Co.(TM), Axis(R), and Tricots St. Raphael(R). The company also licenses trademarks from third parties including Nike(R) and Tommy Hilfiger(R) for swimwear, and PING(R) and Ocean Pacific(R) for men's sportswear. Additional information on PEI is available at http://www.pery.com.

Safe Harbor Statement

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. The actual results of Perry Ellis could differ materially from those expressed or indicated by forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, general economic conditions, a significant decrease in business from or loss of any of Perry Ellis' major customers, the effectiveness of Perry Ellis' planned advertising, marketing and promotional campaigns, the ability of Perry Ellis to contain costs, Perry Ellis' future capital needs and ability to obtain financing, changes in fashion trends and consumer acceptance of both new designs and newly introduced products, ability to predict consumer preferences, anticipated trends and conditions in Perry Ellis' industry, including future consolidation, the seasonality of Perry Ellis' swimwear business, termination or non-renewal of any material license agreements to which Perry Ellis is a party, ability to integrate businesses, trademarks, trade names and licenses, including Salant, the level of consumer spending for apparel and other merchandise, exposure to foreign currency risk, possible disruption in commercial activities due to terrorist activity and armed conflict and other factors, including those set forth in Perry Ellis' 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. Any forward-looking statements speak only as of the day hereof and Perry Ellis disclaims any intent or obligation to update the same.