US: Perry Ellis to take accessories business in-house
Apparel maker Perry Ellis International is to move its leather products and accessories business in-house after deciding not to renew its license agreement with Westport Corporation.
The license, which covers men's accessories including wallets, bags, and gift sets under the Perry Ellis family of brands, is set to expire on 31 December.
Westport will continue to make and distribute accessories for Perry Ellis International until then, and Perry Ellis will take over all aspects of its accessories business from 1 January 2011.
"We have built a strong accessories team, and have established a core competency in men's leather products across numerous brands and channels of distribution," explained Perry Ellis chairman and CEO George Feldenkreis.
"By bringing this business in-house we believe that we can further optimise these businesses as well as take advantage of cross-selling opportunities across other product categories and brands within our current portfolio."
US clothing group Perry Ellis has nearly doubled its third quarter profit and raised guidance for the remainder of its fiscal year. ...
G-III Apparel Group Ltd is continuing to expand its Andrew Marc brand after signing a new licensing deal with Smart Apparel for men's dress shirts and tailored clothing....
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