Sponsors
Billabong ▼ -0.005 | PPR ▼ -4.70 | American Apparel - 0 | The Buckle ▼ -1.00 | Columbia ▼ -0.29 | Deckers Outdoor ▼ -0.38 | Dicks ▲ +0.46 | Foot Locker ▲ +0.51 | Genesco ▲ +0.85 | Iconix Brand Group ▼ -0.08 | Jarden Corp ▲ +0.01 | Nordstrom ▲ +0.62 | Luxottica ▼ -1.38 | Nike ▼ -0.21 | Pacific Sunwear ▲ +0.04 | Skullcandy ▼ -0.06 | Sport Chalet - 0 | Urban Outfitters ▲ +0.41 | VF Corp ▲ +0.09 | Quiksilver ▼ -0.05 | Zumiez ▼ -0.12 | Macys ▼ -0.55 | Tillys ▲ +0.18 |
Ticker Sponsor
Readers Say
The most up-to-date information
The most up-to-date information

“Shop-Eat-Surf is a great source for the most up to date information of what is going on in our industry. I always enjoy reading the articles and appreciate the effort from Tiffany and her team."

- By Richard Woolcott, CEO and Founder, Volcom
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

SURF EXPO: Registration now open for Sept. 10-12 show + video recap of past show.
NUORDER: iPad app updated with barcode scanning feature.

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