Luxottica's U.S. strategy started with the 1995 acquisition of LensCrafters, an optical retail chain. Two years ago, Luxottica acquired Bausch & Lomb's sunglass business, which includes the famous Ray-Ban brand.
Sunglass Hut operates more than 1,400 retail locations in North America. Most Sunglass Hut locations are free-standing kiosks in U.S. shopping malls, adding up to about a third of the lucrative U.S. premium sunglass market.
Copyright February 2001, Crain Communications Inc.