Perry Ellis (PERY) Expands Licensing Agreement with Callaway Golf (ELY)

April 11, 2012 7:31 AM EDT
Perry Ellis International, Inc. (Nasdaq: PERY) has amended and expanded its license agreement to design, manufacture and distribute apparel and related accessories with Callaway Golf Co. (NYSE: ELY).

The Company will assume all distribution channels in the western hemisphere (US/Canada/Caribbean/Mexico/Central & Latin America) including sporting goods, national accounts, green grass, tournaments, specialty golf stores, and e-commerce channels. The Company will continue to service better department & specialty stores, and the corporate wear market as per its original agreement with Callaway.


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