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Oakley, Inc. is an American company headquartered in Foothill Ranch, California, which is an autonomous subsidiary of Luxottica.The company designs, develops and manufactures sports performance equipment and lifestyle pieces including sunglasses, safety glasses, eyeglasses, sports visors, ski/snowboard goggles, watches, apparel, backpacks, shoes, optical frames, and other accessories.
Sunglasses can improve visual comfort and visual clarity by protecting the eye from glare. [24] The lenses of polarized sunglasses reduce glare reflected at some angles off shiny non-metallic surfaces, such as water. They allow wearers to see into water when only surface glare would otherwise be seen, and eliminate glare from a road surface ...
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 ...
Luxottica acquired Oakley in November 2007 for US$2.1 billion. Oakley had tried to dispute their prices because of Luxottica's large marketshare, and Luxottica responded by dropping Oakley from their stores, causing their stock price to drop, followed by Luxottica's hostile take over of the company. [24]
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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.
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