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Luxottica owns not only a large portfolio of brands (over a dozen [53]) such as Ray-Ban and Oakley but also retailers such as Sunglass Hut, Lenscrafters and Oliver Peoples, the optical departments at Target, and (formerly) Sears, as well as key eye insurance groups including the second largest glasses insurance firm in the US, EyeMed. It has ...
Ray-Ban is a brand of luxury sunglasses and eyeglasses created in 1936 by Bausch & Lomb. The brand is best known for its Wayfarer and Aviator lines of sunglasses. In 1999, Bausch & Lomb sold the brand to Italian eyewear conglomerate Luxottica Group for a reported $640 million.
A mall shop Oakley at the SM City Pampanga in the Philippines. On June 21, 2007, Luxottica announced a plan to purchase Oakley in a cash deal worth $2.1 billion, paying a 16% premium over the extant share price. [16] The deal was completed on November 15, 2007, making Oakley part of a portfolio that includes brands such as Ray-Ban, Persol, and ...
The numbers show that folks are, in fact, incorporating sunglasses into their accessory arsenal more than ever: The sunglasses industry hit an all-time high market value of $147 billion this year ...
Today’s our lucky day — select sunglasses fr Fun in the sun! While summer is our favorite season for soaking up the sun, we make sure to wear sunglasses all throughout the year.
Previous acquisitions from Luxottica include Vogue Eyewear in 1990, [36] Persol in 1995, [37] Ray-Ban and Arnette in 1999, [38] [39] Oakley and Oliver Peoples in 2007, [40] [41] Alain Mikli in 2012, [42] and Bolon eyewear owner Xiamen Yarui Optical in 2013. [43]
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