Sponsors
Billabong ▼ 0.000 | PPR ▲ +0.65 | American Apparel ▲ +0.010 | The Buckle ▼ -0.47 | Columbia ▼ -0.10 | Deckers Outdoor ▲ +0.76 | Dicks ▼ -0.06 | Foot Locker ▲ +0.52 | Genesco ▲ +0.08 | Iconix Brand Group ▲ +0.09 | Jarden Corp ▼ -0.37 | Nordstrom ▼ 0.00 | Luxottica ▲ +0.75 | Nike ▼ -0.38 | Pacific Sunwear ▼ -0.03 | Skullcandy ▼ 0.00 | Sport Chalet - 0 | Urban Outfitters ▼ -0.18 | VF Corp ▲ +0.09 | Quiksilver ▼ -0.04 | Zumiez ▼ -0.07 | Macys ▼ -0.31 | Tillys ▲ +0.13 |
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
Keeps me in the loop
Keeps me in the loop

Being an Executive Edition member allows me to not miss a beat when it comes to the Industry business news. Definitely keeps me in the loop plus goes great with my morning joe.

- By Tony Perez, Surfer and Surfing magazines
Industry Insight

MOSS ADAMS: Webinar 12/2 on internal controls to increase the value of your business.
AGENDA: 12/30 deadline to pre-register for Jan. 5-6 Long Beach show.
CIT TRADE FINANCE: Middle-market retailers cautiously optimistic for holiday.
Details on Industry Insight.


Tiffany Montgomery
Print This Article

Luxottica pushing into Thailand

By Tiffany Montgomery
May 28, 2008 6:39 AM

Luxottica announced this morning that its Sunglass Hut retail chain is pushing into Thailand.


The company signed a franchise agreement with a local operator for 15 stores. Currently, Sunglass Hut operates 220 stores in include Australia, New Zealand, Hong Kong, Singapore and other Asia Pacific markets.


"The entry into Thailand strengthens our presence in Southeast Asia, a high-potential growth region for the sun retail business," Chris Beer, chief executive officer of Luxottica Group's retail business in the region, said in a statement. "It is also an example of the significant additional opportunities for additional growth that the Group sees for Sunglass Hut both in the region and globally. Specifically, this transaction represents an important step in the development of the Sunglass Hut brand in Asia-Pacific, allowing us to leverage its global attributes while partnering with local expertise to maximize growth opportunities also in new markets."


Luxottica operates 6,200 stores around the world. The closed its acquisition of Oakley in November, 2007.


In April, Luxottica said its integration projects with Oakley are moving quickly and exceeding expectations. The most integration has happened in Europe and emerging markets. Before the acquisition, Oakley had a relatively undeveloped international operation.


Articles You Might Have Missed