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Perry Ellis International, Inc. Completes Purchase of Intellectual Property of Anchor Blue and Miller's Outpost

The Company made a successful $500,000 bid in a March 3^rd, 2011 auction for the Anchor Blue and Miller's Outpost trademarks, and all other intellectual property holdings associated with Anchor Blue, Inc. The intellectual property assets were purchased free and clear or any liens, claims or encumbrances. The transaction was approved by the bankruptcy court in the state of Delaware and closed on March 11, 2011.

"As the Anchor Blue name continues to have a loyal consumer following, especially within the denim category we feel the benefit of adding these brands to our current portfolio is two fold. First, it will allow us to further develop our current denim business across all brands and second, as Anchor Blue continues to be very well known along the West Coast and among the younger Hispanic community, we feel it will allow us to continue developing our connection to a younger demographic." commented Oscar Feldenkreis, President and Chief Operating Officer of Perry Ellis International.

Anchor Blue, Inc. was a Corona, CA based specialty retailer of casual apparel and accessories for the teenage market. As of December 31, 2010 the company operated 115 stores primarily located along the West Coast. After what was a series of operational challenges and a difficult 2010 holiday season for the company, it liquidated all of its inventory, and on January 11, 2011 filed for bankruptcy protection under Chapter 11 with the bankruptcy court of Delaware.

Streambank, LLC of Needham, MA served as an advisor to Anchor Blue, Inc. in connection with the auction of all Intellectual property rights of the company.

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 pants, 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, Centro^®, Solero^®, Munsingwear^®, Savane, Original Penguin^® by Munsingwear^®, Grand Slam, Natural Issue^®, Pro Player^®, Havanera Co., Axis^®, Tricots St. Raphael^®, Gotcha, Girl Star^®, MCD^®, John Henry^®, Mondo di Marco, Redsand^®, Manhattan^®, Axist, Farah^® and Rafaella^®. 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^®, TOP-FLITE^®, PGA TOUR and Champions 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.

Integrated Corporate Relations
Allison Malkin, 203-682-8225