Sponsors
Billabong ▼ -0.005 | PPR ▲ +0.05 | American Apparel ▲ +0.117 | The Buckle ▲ +0.37 | Columbia ▲ +0.81 | Deckers Outdoor ▲ +2.01 | Dicks ▲ +0.29 | Foot Locker ▲ +0.18 | Genesco ▲ +0.65 | Iconix Brand Group ▲ +0.42 | Jarden Corp ▲ +1.08 | Nordstrom ▲ +0.25 | Luxottica ▲ +0.33 | Nike ▲ +0.45 | Pacific Sunwear ▲ +0.03 | Skullcandy ▲ +0.22 | Sport Chalet ▼ 0.00 | Urban Outfitters ▲ +0.36 | VF Corp ▼ -0.08 | Quiksilver ▲ +0.25 | Zumiez ▼ 0.00 | Macys ▲ +0.19 | Tillys ▲ +0.31 |
Ticker Sponsor
Readers Say
Since the inception of Executive Edition, I only need 1 stop
Since the inception of Executive Edition, I only need 1 stop

As a retailer in the surf industry for the past 21 years, I have had to use multiple sources to stay informed to the news within surf. Since the inception of the Executive Edition of Shop-Eat-Surf.com, I need only one stop. Thanks for providing such a valuable tool to all of us in the industry. Shop-Eat-Surf is a must read for all of our staff at Maui Nix.

- By George Karamitos, CEO, Maui Nix
Always a good daily read
Always a good daily read

Shop-Eat-Surf creates a good source of timely information about the industry. The site makes all types and size companies feel part of a community where everyone is stoked to hear about other companies successes and ideas. It is always a good daily read.

- By Ted Li, VP of North America, Oakley
New Industry Insight

Shorebreak Hotel as a venue for industry events. Cinematographer Louie Schwartzberg's "Moving Art Retreat" in June at Turtle Bay Resort. Details on Industry Insight.


Tiffany Montgomery
Print This Article

Oakley parent to buy Brazilian eyewear company

Oakley parent company
Oakley parent company Luxottica is making an acquisition in Brazil. Shop-eat-surf file photo.
By Tiffany Montgomery
December 01, 2011 6:34 AM

 

Luxottica, the owner of Oakley, Ray-Ban and many other brands, said this morning that it is buying a Brazilian eyewear company called Grupo Tecnol.

 

Tecnol, with annual revenue of 90 million Euros, owns a production plant, manages house and licensed brands, has a strong wholesale business, and owns a 90-store retail chain.

 

Luxottica said the move with strengthen its presence in Brazil, currently a top 10 wholesale country for the company. Luxottica believes Brazil will become a top five country after the acquisition.

 

Luxottica has targeted Brazil, along with China, India, Mexico and Turkey, for major growth and investment initiatives.

 

 

 

 


More on: Oakley, Luxottica

Articles You Might Have Missed