Reuters Summit-Broadening its horizons
Perry Ellis International Inc is looking at getting a good bit more “international” — as befitting its full name.
Speaking at the annual Reuters Consumer and Retail Summit – held this year in New York and London — executives at the clothier said the company was exploring its options in China and India as part of a larger growth strategy.
Paul Rosengard, group president of premium brands and Francisco Hoffmann, vice president of strategic initiatives and investor relations, were two of the featured speakers on the first day of the summit, which runs through Thursday.
“We are looking at a lot of deals, whether they are license deals or joint ventures, opening retail stores,” said Rosengard. “There aren’t department stores in China for example, they don’t have the malls.”
The company also said it was looking at trimming the amount of private brands — to 10 percent of total sales within three to five years from the projected 15 percent this year.