logo
Share SHARE
FONT-SIZE Plus   Neg

Perry Ellis Amends, Expands License Deal With Callaway Golf - Quick Facts

Perry Ellis International, Inc. (PERY) said it has amended and expanded its license agreement to design, manufacture and distribute apparel and related accessories with Callaway Golf Co. (ELY).

The company will assume all distribution channels in the western hemisphere including sporting goods, national accounts, green grass, tournaments, specialty golf stores, and e-commerce channels. Perry Ellis will continue to service better department & specialty stores, and the corporate wear market as per its original agreement with Callaway.

Perry Ellis anticipates this transaction to be accretive to fiscal 2014 earnings per share.

Both companies are working collectively on the transition of servicing these new geographies and channels of distribution.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
French car maker Renault SA reported Friday higher profit in its fiscal 2015, with strong growth in automotive profit and revenues. The company announced higher dividend. Looking ahead, for fiscal 2016, Renault expects to increase group revenues at constant exchange rates and improve group operating margin. Shares of Rolls-Royce Holdings Plc were gaining around 13 percent in the morning trading in London after the engine maker reported more-than doubled profit in its fiscal year 2015, with lower one-time items. Underlying earnings were hurt by weakness in Marine markets. Further, the company halved its dividends, and still expects lower revenues next year. German steel giant ThyssenKrupp AG reported a loss in its first quarter, compared to last year's profit as sales and orders were hurt by sharp deterioration in materials businesses. The company said its overall performance in the first quarter was within its full-year forecast corridor. Looking ahead, the company continues to expect higher net income and flat sales for fiscal 2016.
comments powered by Disqus
RELATED NEWS
Trade PERY now with 
Follow RTT