Perry Ellis International Extends License Agreement With Callaway Golf

MIAMI, Nov. 21, 2016 -- Perry Ellis International (PEI) (Nasdaq:PERY) announced today the extension of its license agreement with Callaway Golf. After commencing a long term partnership in 2009, PEI will continue to design, produce, manufacture and distribute men's and women's golf-lifestyle apparel across North America, South America, Europe, the Middle East and Africa.

“Callaway is one of the most sought-after, premier golf brands in the world, recognized for its best-in-class product innovation, design, and performance across golf equipment as well as apparel,” commented Oscar Feldenkreis, Chief Executive Officer of Perry Ellis International. “We will continue to invest in new technologies and innovative fabrics that offer premium golf-lifestyle apparel. We are extremely confident this authentic and powerful golf brand will continue to generate consumer and retail-partner demand across all geographic markets around the world and become the number-one-apparel golf brand."

“We are extremely pleased to continue our relationship with Perry Ellis International,” commented Chip Brewer, President and Chief Executive Officer of Callaway Golf Company. “Their commitment to producing high quality, premium apparel under the Callaway brand name has been brand enhancing and we look forward to extending our successful partnership.”

For more information about Perry Ellis International, Inc. and the company's entire portfolio of brands, please visit www.PERY.com.

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, dresses 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^®, Original Penguin^® by Munsingwear^®, Laundry by Shelli Segal^®, Rafaella^®, Cubavera^®, Ben Hogan^®, Savane^®, Grand Slam^®, John Henry^®,  Manhattan^®, Axist^®, Jantzen^® and Farah^®.  The Company enhances its roster of brands by licensing trademarks from third parties, including: Nike^® and Jag^® for swimwear, and Callaway^®, PGA TOUR^®, and Jack Nicklaus^® for golf apparel. Additional information on the Company is available at http://www.pery.com.

About Callaway Golf Company

Through an unwavering commitment to innovation Callaway Golf Company (NYSE:ELY) creates products designed to make every golfer a better golfer. Callaway Golf Company manufactures and sells golf clubs and golf balls and sells golf accessories, under the Callaway Golf^® and Odyssey^® brands worldwide. For more information please visit www.callawaygolf.com.

Anita Britt
Chief Financial Officer
Perry Ellis International, Inc. 
305-873-1210

Patrick Burke
Vice President, Finance and Investor Relations
Callaway Golf Company
760-930-5419