Item 1.01 Entry into a Material Definitive Agreement

Effective October 30, 2008, Perry Ellis International, Inc. (the "Company") and certain of its subsidiaries entered into an amendment (the "Amendment") to its Loan and Security Agreement dated October 1, 2002, as amended (the "Loan Agreement"), among the Company, the subsidiaries named as borrowers or guarantors therein, the lenders named therein (the "Lenders"), and Wachovia Bank, National Association, as agent for the Lenders. This Amendment modified the Loan Agreement to, among other things:

• extend the term of the Loan Agreement until February 1, 2012;

• modify the maximum loan facility amount to $125,000,000, subject to increases from time to time as may be requested by the borrowers to up to $200,000,000; and

• adjust the interest rate pricing to be calculated based on LIBOR or the prime rate plus a margin, which depending on the level of excess availability, results in an increase of approximately 95 bps over the previous pricing grid, and adjust certain fees under the Loan Agreement.

In addition, Bank of America is joining the Lender group as syndication agent.

The foregoing description is subject to the complete terms of the Amendment, which is filed as Exhibit 10.1 to this Form 8-K.

Item 9.01 Financial Statements and Exhibits.

(c) Exhibits.

10.1 Amendment No. 13 to Loan and Security Agreement dated as of October 30, 2008

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