M&A Deal Summary

Perry Ellis International Acquires Salant

On February 4, 2003, Perry Ellis International acquired apparel/textiles company Salant for 91M USD

Acquisition Highlights
  • This is Perry Ellis International’s 1st transaction in the Apparel/Textiles sector.
  • This is Perry Ellis International’s largest (disclosed) transaction.
  • This is Perry Ellis International’s 1st transaction in the United States.
  • This is Perry Ellis International’s 1st transaction in New York.

M&A Deal Summary

Date 2003-02-04
Target Salant
Sector Apparel/Textiles
Buyer(s) Perry Ellis International
Deal Type Merger
Deal Value 91M USD

Target

Salant

New York, New York, United States
Salant Corp. designs, produces, imports and markets to retailers throughout the United States brand name and private-label menswear apparel products. Salant sells its products to department stores, specialty stores, major discounters and national chains.

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Buyer(S) 1

Buyer

Perry Ellis International

Miami, Florida, United States

Category Company
Founded 1967
Sector Apparel/Textiles
Employees2,700
Revenue 899M USD (2016)
DESCRIPTION
Perry Ellis' corporate headquarters in Miami, Florida.
Perry Ellis' corporate headquarters in Miami, Florida.

Perry Ellis International is a designer, distributor and licensor of apparel and accessories for men and women. The company owns or licenses a portfolio of brands that include some of the leading names in fashion such as Perry Ellis, Savane, Jantzen, Original Penguin by Munsingwear, Cubavera, Laundry by Shelli Segal, Gotcha, Callaway Golf Apparel, Nike Swim, C&C California, Rafaella, Grand Slam, Ben Hogan, and Jack Nicklaus. Perry Ellis International was formed in 1967 and is based in Miami, Florida.


DEAL STATS #
Overall 1 of 3
Sector (Apparel/Textiles) 1 of 2
Type (Merger) 1 of 1
State (New York) 1 of 2
Country (United States) 1 of 3
Year (2003) 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-07 Rafaella Apparel Group

New York, New York, United States

Rafaella is a designer, sourcer, marketer and distributor of a full line of women's better sportswear, and recognized throughout the women's apparel industry and by consumers for its superior fitting pants.

Buy $70M