Perry Ellis looking at options in China, India
NEW YORK (Reuters) - Apparel maker Perry Ellis International Inc (PERY.O) is exploring options in China and India, executives said on Monday, part of a larger growth strategy as the company cuts back on its private label business.
"We are looking at a lot of deals, whether they are license deals or joint ventures, opening retail stores," said Paul Rosengard, group president of the company's premium brands. "There aren't department stores in China for example, they don't have the malls."
Also speaking to the Reuters Consumer and Retail Summit was Francisco Gonzalez-Meza Hoffmann, vice president of strategic initiatives, who said the company hopes to lower its private label business to 10 percent of total sales within three to five years from the projected 15 percent this year.
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