Tagged PERY

Legion Follows Up with Perry Ellis

Legion Partners, LLC, together with California State Teachers’ Retirement System released a letter sent to the board of directors of Perry Ellis International, Inc. requesting that the board of directors form a special committee to explore strategic alternatives.  Legion Partners and CalSTRS collectively own approximately 6.3% of Perry Ellis’ outstanding shares. Since the letter was sent…

Legion Partners Points to Perry Ellis Under-valuation

(Market Cap $261M; Legion Partners owns 5.9%) The Reporting Persons purchased the Shares based on each of the Reporting Persons’ respective belief that the Shares, when purchased, were undervalued and represented an attractive investment opportunity.  Depending upon overall market conditions, other investment opportunities available to the Reporting Persons, and the availability of Shares at prices that…