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Later in 2006, Oakley acquired Eye Safety Systems, Inc. (ESS), another major manufacturer of tactical eye protection, for US$110m. [2] A mall shop Oakley at the SM City Pampanga in the Philippines. On June 21, 2007, Luxottica announced a plan to purchase Oakley in a cash deal worth $2.1 billion, paying a 16% premium over the extant share price ...
The Oakley Thump 2 offers UV and blue-light protection. The Thump 2 incorporates a flash-based player into the frame of a pair of sunglasses for cordless on-the-go listening. Picking up where the original THUMP left off, quadrupling the memory for the same price as the original, 1GB for $299.
Oakley sunglasses were used by bicycle racer Greg LeMond, raising the company's profile. [3] In the 1980s, Jannard restricted the sale of Oakley sunglasses to the Sunglass Hut, although small specialty shops could continue to sell Oakley sunglasses. [2] In 1991, his company had 200 employees. [3] In 1995, the company went public. [2]
Luxottica acquired Oakley in November 2007 for US$2.1 billion. Oakley had tried to dispute their prices because of Luxottica's large marketshare, and Luxottica responded by dropping Oakley from their stores, causing their stock price to drop, followed by Luxottica's hostile take over of the company. [24]
In 2006, Oakley acquired Oliver Peoples for $46.7 million. [10] In 2007, Oakley was purchased by eyewear giant Luxottica. [11] In 2016, Rocco Basilico became the CEO of Oliver Peoples. After his first year at the helm, Basilico earned himself a place on the famed Forbes ' '30 Under 30' list. [12]
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