Sponsors
▼ Professional Services
Wells Fargo Capital Finance, Trade Capital Division
Companies in the action sports industry rely on the experience and kno
More...
More...
► News from other sources
► Industry Insight
► What our readers say...
Previous Article
|
Next Article »
« Back to Home Page
Smith parent buys polarized brand
Smith Optics sunglasses. Smith's parent company, Safilo Group, announced an acquisition this week.
By TIFFANY MONTGOMERY
November 18, 2011 06:00 AM
November 18, 2011 06:00 AM
Italian eyewear company Safilo Group, owner of Smith Optics and many other brands, announced Thursday it plans to acquire Polaroid Eyewear from StyleMark for $87.5 million.
Polaroid specializes in polarized sunglasses and is expected to have revenue of $63 million in 2011, and EBITDA of $8.6 million.
Safilo sees a lot of growth potential for the brand, especially outside of Europe, where Polaroid is underrepresented, the company said in a press release.
Other brands Safilo owns include Carrera, Smith Optics, Oxydo and Blue Bay. It also has the license for several brands, including Alexander McQueen, Balenciaga, Banana Republic, Bottega Veneta, BOSS Black, BOSS Orange and Dior.
Luxottica, owner of Oakley, is a major competitor.
Previous Article
|
Next Article »
« Back to Home Page
Articles you might have missed
▼ Industry Releases
- Surfrider to host Web-a-thon for Surfing Day
- Q1 same store sales jump 12% for Journeys
- Twitch releases 420% All Natural
- Quiksilver CEO named Father of the Year
- K-5 hosts 12th annual Game of Skate
- Obermeyer names Director of Technology
- Photos from IVI party launch
- SIA: Snow season finished down
- European woes hurt Abercrombie results
- Visualante releases line of camera bags
- SES Pages
- Home
- About Us
- Archives
- Industry Insight
- Contact Us
- Sponsors
- SES Topics
- Executive Edition
- Videos
- Surf
- Skate
- Snow
- Executive Moves
- Moto
- Financial news
- Trade Shows
- Retail
- SES Friends
- RacerX
- SDSI
- Taylor Digital
- Surfing Heritage Found.
- groupY
- The Rookery
- Apparel News
- The Berrics
- SES Sponsors
- Displayit
- A52 Warehouse
- ChopShop
- KNOW?SHOW
- Agenda Trade Show
- Wells Fargo Capital Finance
- Turtle Bay Resort
- S.L.A.T.E.
SES Authors
Developed by Taylor Digital
© Shop-Eat-Surf, LLC, 2008-2012. All rights reserved.
