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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 ...
EssilorLuxottica retail brands by number of locations in 2020 [34] Brand name Number of locations Sunglass Hut: 3,239 Óticas Carol 1,402 LensCrafters: 1,094 Vision Express 549 Pearle Vision: 548 Target Optical: 536 GMO 447 Salmoirgahi & Viganò 389 Oakley: 384 OPSM: 376 Ray-Ban: 248 David Clulow Optical 123 All others 153
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.
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]
Pearle Vision is an American chain of eye care stores. It is one of the largest franchised optical retailers in North America. The company was acquired by Luxottica (which has since merged with Essilor to form EssilorLuxottica), [2] an Italian eyewear company, in 2004.
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.
Oliver Peoples is an American luxury eyewear brand established in 1986, and owned by Luxottica. [1] The brand is sold in Oliver Peoples boutiques, online, and in fashion boutiques and department stores throughout the world. Oliver Peoples eyewear is designed in Los Angeles, Italy, and Japan. [2]
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. [7] [8] In 2018, FGX International acquired Indiana-based One Click Ventures. [9]