SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation Regarding Whether the Sale of Perry Ellis International, Inc. to its Founder is Fair to Shareholders

The following statement is being issued by Levi & Korsinsky, LLP:

To: All Persons or Entities who purchased Perry Ellis International,
Inc. (“Perry Ellis” or the “Company”) (NASDAQGS: PERY) stock prior
to June 16, 2018.

You are hereby notified that Levi & Korsinsky, LLP has commenced
an investigation into the fairness of the sale
of Perry Ellis International to George Feldenkreis, the Company’s
founder and a member of the Board of Directors. Under the terms of the
transaction, Feldenkreis will purchase all outstanding shares of Perry
Ellis not already owned by the Feldenkreis family for $27.50 per share
in cash. To learn more about the action and your rights, go to:

Perry Ellis International, Inc.

or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or
by telephone at (212) 363-7500, toll-free: (877) 363-5972. There
is no cost or obligation to you.

The investigation concerns whether the Board of Perry Ellis breached
their fiduciary duties to stockholders by failing to adequately shop the
Company before agreeing to enter into this transaction, and whether
Feldenkreis is using his position as an insider to purchase the Company
at an unfair price.

Levi & Korsinsky is a national firm with offices in New York,
Connecticut, California, and Washington D.C. The firm’s attorneys have
extensive expertise in prosecuting securities litigation involving
financial fraud, representing investors throughout the nation in
securities lawsuits and have recovered hundreds of millions of
dollars for aggrieved shareholders. For more information, please
feel free to contact any of the attorneys listed below. Attorney
advertising. Prior results do not guarantee similar outcomes.

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