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Foster Grant, or FosterGrant, is an American brand of eyewear founded by Sam Foster in 1919. The Foster Grant brand is a subsidiary company of FGX International , a consumer goods wholesaler with headquarters in Smithfield, Rhode Island , which has been owned by Essilor , today EssilorLuxottica , since 2010.
After turning 40, founder Rick Hopper started using readers and began habitually losing, scratching and dropping his glasses. [1] In 2010, Hopper made prototypes using paperclips and magnets, solving the problem he had with trying to keep his glasses safe and secure. [1] It did not take long for consumer interest to grow.
In 2006, French prescription lens maker Essilor bought Foster Grant, then reorganized into a Nasdaq-traded holding company named FGX International for $465 million. [19] [27] About a year after Essilor acquired Foster Grant, Luxottica further acquired sports eyewear manufacturer Oakley in 2007 for US$2.1 billion. The acquisition followed a ...
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Sam's Choice, originally introduced as Sam's American Choice in 1991, is a retail brand in food and selected hard goods. Named after Sam Walton, founder of Walmart, Sam's Choice forms the premium tier of Walmart's two-tiered core corporate grocery branding strategy that also includes the larger Great Value brand of discount-priced staple items.
A reading glasses manufacturer, Magnivision, was purchased in 1993. In 1996, the party goods line was relaunched under the DesignWare name. The same year, American Greetings entered discussions with BEC Group Inc. to acquire Foster Grant Group, a sunglasses manufacturer, but declined to pursue the purchase. A candle line was relaunched in 1997 ...
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