Sponsors
Billabong ▼ -0.005 | PPR ▲ +0.35 | American Apparel ▲ +0.022 | The Buckle ▲ +0.57 | Columbia ▼ -0.13 | Deckers Outdoor ▲ +0.50 | Dicks ▼ -0.77 | Foot Locker ▲ +0.33 | Genesco ▲ +0.62 | Iconix Brand Group ▼ -0.41 | Jarden Corp ▼ -0.43 | Nordstrom ▼ -0.42 | Luxottica ▼ -0.42 | Nike ▲ +0.13 | Pacific Sunwear ▲ +0.06 | Skullcandy ▼ -0.14 | Sport Chalet - 0 | Urban Outfitters ▲ +0.61 | VF Corp ▼ -0.22 | Quiksilver ▼ -0.05 | Zumiez ▼ -0.02 | Macys ▲ +0.14 | Tillys ▼ -0.04 |
Ticker Sponsor
Readers Say
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
Great insight into the issues
Great insight into the issues

I am a big fan of Tiffany and her team as well as an avid reader of Shop-Eat-Surf. I shop, I eat, I surf -- I should pay.

- By Kevin Bailey, President, Vans
Industry Insight


ROTH CAPITAL PARTNERS: Hosting 27th Growth Stock Conference March 8-11 in Dana Point, Calif.
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