PERY Profile
Perry Ellis International Inc. (PERY) was a fashion and lifestyle company that designed, distributed, and marketed a variety of apparel and accessories for men and women. In 2018, the company was acquired by George Feldenkreis, its founder and former executive chairman, and became a privately held company.
As of its most recent financial reports before the acquisition, PERY reported net sales of $874.2 million for the fiscal year ended February 3, 2018, an increase of 2.8% compared to the previous year. The company reported a net income of $26.3 million for the same period.
Perry Ellis' growth strategy included expanding its product lines, expanding its geographic reach, and pursuing strategic partnerships and acquisitions to enhance its brand portfolio. The company's focus on fashion and lifestyle products has enabled it to establish a strong presence in the fashion industry.
Investing in fashion and lifestyle companies like Perry Ellis carries market risks, including the risk of market volatility, changes in consumer preferences and trends, and competition from other fashion and lifestyle providers. Investors should carefully consider these risks before investing in PERY (now a privately held company) and consult with a financial advisor to determine if it is an appropriate investment for their portfolio. They should also review the company's public disclosures and financial statements to gain a better understanding of its financial performance and risks.
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