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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.
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 ...
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]
Albert Llop, Anadolu Agency/Getty Images By Stephen Jewkes MILAN -- Luxottica, the maker of Ray-Ban sunglasses, has struck a deal to design, develop and distribute glasses based on Google's (GOOG ...
Essilor would keep the company's current management, though paid FGX shareholders in cash rather than stock. Essilor would later go onto acquire Ray-Ban maker Luxottica in 2018, changing its name to EssilorLuxottica in the process. [9] [10] In 2018, FGX International acquired Indiana-based One Click Ventures. [11]
The Italian eyewear firm pulled Ray-Ban across all of the United States in order to re-engineer the product and markup Ray-Ban as a premium sunglasses brand, pushing for a global expansion afterwards; Luxottica additionally pushed Ray-Ban into far Eastern markets to diversify the brand's appeal beyond the Western World. [26]
U.S. and international unions have accused Ray-Ban maker Luxottica, the Italian arm of eyewear giant EssilorLuxottica, of violating workers' right to unionise at a U.S. plant in Georgia and asked ...
In particular, Luxottica’s welfare system was first launched in 2009, at the height of the international economic crisis, and includes health care, micro-credit, counseling and scholarships ...
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walmart.com has been visited by 1M+ users in the past month