Stanley Silverstein has joined Perry Ellis International Inc. as president of international development and global licensing.
Silverstein was executive vice president of international strategy and business development at The Warnaco Group Inc. and stayed on after its acquisition by PVH Corp. earlier this year. His 29-year tenure made him one of only a few who served at Warnaco both before and after its 2001 bankruptcy.
At Perry Ellis, Silverstein will report to George Feldenkreis, chairman and chief executive officer, and Oscar Feldenkreis, president and chief operating officer.
“Stanley will be a real asset to our organization,” said Oscar Feldenkreis. “There is tremendous appetite for our brands across the globe and now we have the dedicated leadership to pursue those opportunities. Stanley is a leader whose considerable experience will help shape our organization in the future.”
Silverstein commented, “I believe we have significant opportunities to enhance shareholder value by expanding and optimizing Perry Ellis, Original Penguin, as well as other sport and lifestyle brands in both developed and emerging markets.”
In addition to Perry Ellis and Original Penguin, the Miami-based company’s portfolio of brands includes Rafaella, Laundry by Shelli Segal, Ben Hogan, Farah, Cubavera and Jantzen.
On a conference call last month to discuss second-quarter financial results, Oscar Feldenkreis said the company was “looking at additional brands and potential acquisitions” within the golf market, where it already enjoys a market share of 75 to 80 percent in the U.S. Possibilities will be explored “not only in golf apparel, but also in other product categories that might become an opportunity to enhance our current lifestyle brands….We feel that not only domestically but internationally, it creates a lot of opportunities.”
The company’s net income for the first six months of 2013 was up 18.4 percent, to $8.5 million, as revenues declined 0.2 percent to $474 million.