Oxford Industries Announces Completion of Offering of $150 Million Senior Secured...

Oxford Industries Announces Completion of Offering of $150 Million Senior
Secured Notes Due 2015

- Accepts 86.68% of 8-7/8% Senior Unsecured Notes Due 2011 Received by Early
Tender Deadline -

ATLANTA, June 30 /PRNewswire-FirstCall/ -- Oxford Industries, Inc. (NYSE: OXM)
announced today the completion of a private offering of $150 million aggregate
principal amount of 11.375% Senior Secured Notes due 2015 (the "Senior Secured
Notes"). The net proceeds from the sale of the Senior Secured Notes, together
with borrowings under the Company's domestic revolving credit facility, will
be used to fund the repurchase, repayment or discharge of all of the
$166,805,000 aggregate principal amount of the Company's 8-7/8% Senior
Unsecured Notes due 2011 (the "2011 Notes") outstanding for which it is
currently conducting a previously announced tender offer.

The Senior Secured Notes are guaranteed on a senior basis by all of the
Company's existing domestic subsidiaries that currently guarantee obligations
under the Company's domestic revolving credit facility. The Senior Secured
Notes are generally secured on a first-priority basis by a lien on the U.S.
registered trademarks and certain related rights of the Company and its
guarantor subsidiaries and a second-priority security interest on the assets
that secure the Company's domestic revolving credit facility.

The Senior Secured Notes were sold to qualified institutional buyers pursuant
to Rule 144A under the Securities Act of 1933, as amended (the "Securities
Act"), and have not been registered under the Securities Act or any state
securities laws. Therefore, the Senior Secured Notes may not be offered or
sold in the United States absent registration or applicable exemption from
such registration requirements.

The Company also announced today that it has accepted for payment, and has
paid for, $144,584,000 in aggregate principal amount of the 2011 Notes,
representing approximately 86.68% of the previously outstanding principal
amount of the 2011 Notes, tendered pursuant to the Company's previously
announced offer to purchase any and all of the 2011 Notes (the "Offer"). The
Offer remains open and will expire at 12:00 midnight, New York City time, on
July 13, 2009 (the "Expiration Date"). Any additional 2011 Notes tendered
prior to the Expiration Date are currently expected to be accepted for payment
on July 14, 2009 at a price of $970 per $1,000 principal amount of the 2011
Notes validly tendered. The terms and conditions of the Offer are set forth
in the Offer to Purchase dated June 15, 2009. Oxford may amend, extend or,
subject to certain conditions, terminate the Offer.

Oxford has retained Banc of America Securities LLC and SunTrust Robinson
Humphrey, Inc. as the dealer managers in connection with the Offer. Questions
regarding the Offer and requests for documents may be directed to Banc of
America Securities LLC, Global Debt Advisory Services, at (888) 292-0070 (U.S.
toll-free) and (980) 388-9217 (collect) and SunTrust Robinson Humphrey, Inc.,
Debt Advisory Services, at (404) 813-8107. Copies of the Offer to Purchase
can also be obtained from the information agent, Global Bondholder Services
Corporation, at (866) 795-2200 (U.S. toll-free) and (212) 430-3774 (collect).

This press release does not constitute an offer to sell or solicitation of an
offer to buy any security, nor shall it constitute an offer, solicitation or
sale of any securities in any jurisdiction in which such offer, solicitation
or sale is unlawful. The Offer is being made solely pursuant to the Offer to
Purchase.

About Oxford Industries, Inc.
Oxford Industries, Inc. is an international apparel design, sourcing and
marketing company featuring a diverse portfolio of owned and licensed brands
and a collection of private label apparel businesses. Oxford's brands include
Tommy Bahama(R), Ben Sherman(R), Arnold Brant(R), Ely & Walker(R) and Oxford
Golf(R). The Company also holds exclusive licenses to produce and sell
certain product categories under the Kenneth Cole(R), Geoffrey Beene(R) and
Dockers(R) labels. Oxford's wholesale customers are found in every major
channel of distribution, including national chains, specialty catalogs, mass
merchants, department stores, specialty stores and Internet retailers. The
Company operates retail stores, restaurants and Internet websites for some of
its brands. The Company also has license arrangements with select third
parties to produce and sell certain product categories under its Tommy Bahama
and/or Ben Sherman brands.

Oxford's stock has traded on the New York Stock Exchange since 1964 under the
symbol OXM. For more information, please visit Oxford's website at
www.oxfordinc.com.

CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING STATEMENTS

This press release may include statements that are forward-looking statements
within the meaning of the federal securities laws. Generally, the words
"believe," "expect," "intend," "estimate," "anticipate," "project," "will" and
similar expressions identify forward-looking statements, which generally are
not historical in nature. We intend for all forward-looking statements
contained herein or on our website, and all subsequent written and oral
forward-looking statements attributable to us or persons acting on our behalf,
to be covered by the safe harbor provisions for forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of 1995 and
the provisions of Section 27A of the Securities Act of 1933 and Section 21E of
the Securities Exchange Act of 1934 (which Sections were adopted as part of
the Private Securities Litigation Reform Act of 1995). Important assumptions
relating to these forward-looking statements include, among others,
assumptions regarding the duration and severity of the current economic
conditions and the impact on consumer demand and spending, access to capital
and/or credit markets, particularly in light of recent conditions in those
markets, on our liquidity and those of our customers, demand for our products,
timing of shipments requested by our wholesale customers, expected pricing
levels, competitive conditions, the timing and cost of planned capital
expenditures, expected synergies in connection with acquisitions and joint
ventures, costs of products and raw materials we purchase, expected outcomes
of pending or potential litigation and regulatory actions and disciplined
execution by key management. Forward-looking statements reflect our current
expectations, based on currently available information, and are not guarantees
of performance. Although we believe that the expectations reflected in such
forward-looking statements are reasonable, these expectations could prove
inaccurate as such statements involve risks and uncertainties, many of which
are beyond our ability to control or predict. Should one or more of these
risks or uncertainties, or other risks or uncertainties not currently known to
us or that we currently deem to be immaterial, materialize, or should
underlying assumptions prove incorrect, actual results may vary materially
from those anticipated, estimated or projected. Important factors relating to
these risks and uncertainties include, but are not limited to, those described
in Part I, Item 1A. Risk Factors contained in our Annual Report on Form 10-K
for fiscal 2008 and those described from time to time in our future reports
filed with the SEC.

We caution that one should not place undue reliance on forward-looking
statements, which speak only as of the date on which they are made. We
disclaim any intention, obligation or duty to update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise, except as required by law.

SOURCE Oxford Industries, Inc.

Anne M. Shoemaker of Oxford Industries, Inc., +1-404-653-1455, Fax:
+1-404-653-1545, ashoemaker@oxfordinc.com