Sponsors
Billabong ▲ +0.025 | PPR ▲ +1.05 | American Apparel ▲ +0.008 | The Buckle ▼ -0.07 | Columbia ▼ -0.49 | Deckers Outdoor ▼ -0.13 | Dicks ▼ -0.15 | Foot Locker ▲ +0.12 | Genesco ▼ -2.64 | Iconix Brand Group ▲ +0.13 | Jarden Corp ▲ +0.16 | Nordstrom ▼ -0.39 | Luxottica ▲ +0.57 | Nike ▼ -0.27 | Pacific Sunwear ▼ -0.22 | Skullcandy ▲ +0.09 | Sport Chalet - 0 | Urban Outfitters ▲ +0.02 | VF Corp ▲ +0.30 | Quiksilver ▼ -0.02 | Zumiez ▲ +0.20 | Macys ▼ -0.07 | Tillys ▼ 0.00 |
Ticker Sponsor
Professional Services
More Professional Services...
Readers Say
I require all our executives to read it
I require all our executives to read it

There is no better publication that I am aware of that is so accurate and on top of any news and developments in our industry. I personally recommend it to many people that want to know and understand more about our industry. For the most part, shop-eat-surf.com gets the stories first. As a matter of fact, I require all the executives in our company to read it.

- By Hezy Shaked, President & CEO, Tilly's
In touch with our business
In touch with our business

If you're not plugged into Shop-Eat-Surf.com daily, you're out of touch with our business!

- By Peter "PT" Townend, The ActivEmpire
Industry Insight

AGENDA: Video recaps, 2015 show dates, "Love Made Me Do It" women's networking series on Wednesday.

STOKES ME: Deadline today to enter SIMA Humanitarian Fund's Bowl-a-thon fundraiser.

Details on Industry Insight.


Tiffany Montgomery
Print This Article

Oakley parent to buy Brazilian eyewear company

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