Item 1.01 Entry into a Material Definitive Agreement

Effective October 27, 2009, 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:

• Permit, subject to the conditions provided in the Loan Agreement, the sale of up to $30 million of the Company's intellectual property assets within any 12-month period; and

• Increase the permitted indebtedness of the Company's subsidiary, Perry Ellis Europe Limited, to £4,500,000 and permit such indebtedness to be secured by the subsidiary's assets and/or guaranteed by the Company.

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. 14 to Loan and Security Agreement dated as of October 27, 2009

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