                                                                Exhibit 99.1

ARIS INDUSTRIES, INC. COMPLETES SALE OF XOXO, FRAGILE AND LOLA TRADEMARKS

New York, N.Y. July 3, 2003. Aris Industries, Inc. (OTC Bulletin Board:
AISI.OB) ("Aris") today announced that it has completed the previously
announced sale of the trade name and service mark XOXO and the trademarks XOXO,
XOXO IN AMERICA AND ABROAD, LOLA and FRAGILE along with certain related assets
and accompanying goodwill for $43 million in cash to Global Brand Holdings,
LLC. The sale was approved by Aris's shareholders at a special meeting held on
Monday, June 30, 2003. Aris is using the proceeds of the transaction to repay
indebtedness.

Aris Industries, Inc. is a licensor or sublicensor of its owned or licensed
trademarks. Products bearing Aris's owned or licensed trademarks are
distributed through retailers in the United States.

CAUTION CONCERNING FORWARD-LOOKING STATEMENTS

This release contains statements that constitute forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of 1995.
Investors are cautioned that any such forward-looking statements are not
guarantees of future performance or results and involve risks and
uncertainties, and that actual results or developments may differ materially
from those in the forward-looking statements as a result of various factors,
including financial community and rating agency perceptions of the company and
its business, operations, financial condition and the industry in which it
operates and the factors described in the company's filings with the Securities
and Exchange Commission ("SEC"), including the sections entitled "Risk Factors"
and "Management's Discussion and Analysis of Financial Condition and Results of
Operations" contained therein. Aris disclaims any obligation to update the
forward-looking statements contained herein.

CONTACT: Kathy Sio of Aris Industries, Inc, (646) 473-4285.



