November 19, 1998 |
Bausch & Lomb Inc., maker of Ray-Ban, Revo, Liz Claiborne and Killer Loop sunglasses, might jettison its premium fashion eye wear business to focus on eye health care. The company said it has hired investment firm Warburg Dillon Reed to advise it on options, which could include a sale, spinoff or joint venture. Eye wear sales have been hurt by a cutback in orders from retailer Sunglass Hut International Inc., Bausch & Lomb's largest customer.
November 19, 1998 |
Bausch & Lomb Inc., the maker of Ray-Ban, Revo, Arnette, Liz Claiborne and Killer Loop sunglasses, may jettison the premium fashion eye wear business it has built up since the 1920s to focus on eye health care. The Rochester, N.Y.-based company has hired investment firm Warburg Dillon Reed to advise it on options for the business, which hasn't turned a profit recently. Those include a sale, a spinoff or forming a joint venture.
October 6, 1998
Van Nuys-based Cherokee, which licenses its brand name to various clothing firms for a fee, has entered into an exclusive three-year U.S. licensing agreement in which a division of Bausch & Lomb Inc. will make and sell sunglasses bearing Cherokee's Sideout label. Other terms of the deal, including the royalty payment to Cherokee, were not immediately disclosed. The agreement with Denver-based Outlook Eyewear expands the product line marketed under the Sideout trademark.
August 14, 1998 |
In one of the largest busts involving fake Oakley Inc. eye wear, detectives raided a South El Monte warehouse Thursday morning and confiscated about 100,000 pairs of counterfeit sunglasses with a street value of about $10 million, police said. The raid at KSY Trading at 11237 Thienes Ave. followed a six-month investigation, police said. The company received the component parts from Taiwan and assembled the sunglasses at the warehouse, police said.
July 19, 1998 |
Sunglasses manufacturer Oakley Inc. said Thursday that it has added a patent-infringement claim over lens coatings to a lawsuit it filed against Nike Inc. last year. In an amended complaint in federal court in Santa Ana, Oakley contends sneaker and apparel giant Nike copied its patented Iridium lens-coating technology in Nike's sunglasses line. The coating helps cut glare and allows wearers to tailor the glasses' tint for specific purposes, according to Oakley, which is based in Foothill Ranch.
June 18, 1998 |
Oakley Inc., the second-largest U.S. maker of sunglasses, said Wednesday it sued market leader Bausch & Lomb Inc., alleging some of its glasses infringe on Oakley patents. Foothill Ranch-based Oakley said Rochester, N.Y.-based Bausch & Lomb's Revo, Killer and Arnette-style glasses infringe on Oakley's patents for its XYZ Optics lens and its iridium lens-coating technology.
CALIFORNIA | LOCAL
March 31, 1998
An optical store is collecting used prescription glasses for reuse by low-income families in Central America and Mexico. A-B-See Optical is participating in a drive coordinated by the Volunteer Optometric Services to Humanity, a nonprofit group founded in 1972 that is based in Illinois. The California chapter of the organization has collected and dispensed more than 160,000 pairs of glasses over the past 10 years, said Barry Leonard, a board member for the state chapter.
March 20, 1998 |
It didn't show up in the sports pages, but if Oakley Inc. were a country, the Foothill Ranch sunglasses maker would have been the runaway winner of the recent Winter Olympics. Athletes wearing the company's high-tech glasses and helmet shields won 32 medals in 16 events at the recently concluded games in Nagano, Japan. The speedskating events in particular looked like one long Oakley commercial.
March 12, 1998 |
Tennis star Gabriela Sabatini looked smashing in her Ray-Ban Wayfarer sunglasses, while crooner Willie Nelson struck a brawny pose in his Aviators, the shades Tom Cruise made famous in "Top Gun." That was the late '80s, when the world's leading premium sunglass maker chased sales by linking its most popular shades to a slew of famous faces.