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Perry Ellis International Repurchases an Additional $25 Million of Senior Notes and Will Webcast Its Annual Shareholder Meeting

"Our company is in its strongest financial position ever. That, combined with current market conditions, led us to believe that these repurchases were the most prudent use of our cash and demonstrates our commitment to building long-term value for our shareholders and further strengthening our balance sheet," commented George Feldenkreis, Chairman and CEO of Perry Ellis International. "We now have $104 million dollars of senior subordinated notes outstanding from the original $150 million and we will evaluate further repurchases as market conditions warrant," continued Mr. Feldenkreis.

In addition Perry Ellis International will be webcasting its Annual Shareholder Meeting to the general public on Thursday June 17, 2010, beginning at 11:00 AM EDT. This webcast can be accessed via the Investor Relations section of the Perry Ellis International website at http://www.pery.com. An archive of the webcast will be available through June 30, 2010.

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. The Company's collection of dress and casual shirts, golf sportswear, sweaters, dress and casual pants and shorts, jeans wear, active wear and men's and women's swimwear is available through all major levels of retail distribution. The Company, through its wholly owned subsidiaries, owns a portfolio of nationally and internationally recognized brands including Perry Ellis, Jantzen®, Laundry by Shelli Segal, C&C California®, Cubavera®, Munsingwear®, Savane, Original Penguin by Munsingwear®, Grand Slam®, Natural Issue®, Pro Player, the Havanera Co.®, Axis®, Tricots St. Raphael®, Gotcha®, Girl Star, MCD John Henry®, Mondo di Marco®, Redsand®, Manhattan®, Axist and Farah. The Company enhances its roster of brands by licensing trademarks from third parties including Pierre Cardin for men's sportswear, Nike and Jag for swimwear, and Callaway, and PGA TOUR for golf apparel. Additional information on the Company is available at http://www.pery.com.

Safe Harbor Statement

We caution readers that the 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. Forward-looking statements are based on current expectations rather than historical facts and they are indicated by words or phrases such as "anticipate," "could," "may," "might," "potential," "predict," "should," "estimate," "expect," "project," "believe," "plan," "envision," "continue," "intend," "target," "contemplate," or "will" and similar words or phrases or comparable terminology. We have based such forward-looking statements on our current expectations, assumptions, estimates and projections. While we believe these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements, many of which are beyond our control. These factors include: general economic conditions, a significant decrease in business from or loss of any of our major customers or programs, anticipated and unanticipated trends and conditions in our industry, including the impact of recent or future retail and wholesale consolidation, the effectiveness of our planned advertising, marketing and promotional campaigns, our ability to contain costs, disruptions in the supply chain, our future capital needs and our ability to obtain financing, our ability to integrate acquired businesses, trademarks, trade names and licenses, our ability to predict consumer preferences and changes in fashion trends and consumer acceptance of both new designs and newly introduced products, the termination or non-renewal of any material license agreements to which we are a party, changes in the costs of raw materials, labor and advertising, our ability to carry out growth strategies including expansion in international and direct to consumer retail markets, the level of consumer spending for apparel and other merchandise, our ability to compete, exposure to foreign currency risk and interest rate risk, possible disruption in commercial activities due to terrorist activity and armed conflict, and other factors set forth in Perry Ellis International's 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. You are cautioned not to place undue reliance on these forward-looking statements, which are valid only as of the date they were made. We undertake no obligation to update or revise any forward-looking statements to reflect new information or the occurrence of unanticipated events or otherwise.

For Perry Ellis International, Inc.
Integrated Corporate Relations
Allison Malkin, 203-682-8225