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Oakley acquires Oliver Peoples' eyewear brands
09 Feb '06
3 min read
The acquisition's aggregate purchase price of up to $55.7 million, subject to post closing adjustments, includes the assumption of approximately $5.0 million of debt and up to $4.0 million in earn-out incentives.
Oakley expects the acquisition to be slightly accretive to earnings in 2006.
Headquartered in Los Angeles, CA, Oliver Peoples was co-founded in 1986 by optician and designer Larry Leight. The company currently has distribution in more than 45 countries worldwide and operates five retail stores located in New York (2 stores), Los Angeles, Costa Mesa and Tokyo.
Oliver Peoples eyewear is seen on many of the world's most well-known celebrities and helped establish the luxury eyewear market. The classic designs fuse old-world aesthetics with modern-day finesse and are priced from $210-420.
Paul Smith Spectacles, launched in 1994, includes prescription eyewear and sunglasses featuring whimsical yet classic designs with attention to detail synonymous with one of Britain's leading fashion designers and is priced from $235-335. Launched in 2005, Mosley Tribes is a modern lifestyle brand fusing utility and style and retails from $120-240.
Oakley: a world brand, driven to ignite the imagination through the fusion of art and science. Building on its legacy of innovative, market-leading premium sunglasses, the company offers a full array of products including performance and lifestyle apparel, accessories, prescription eyewear, footwear, wristwatches and electronics to consumers in more than 100 countries.
Oakley expects the acquisition to be slightly accretive to earnings in 2006.
Headquartered in Los Angeles, CA, Oliver Peoples was co-founded in 1986 by optician and designer Larry Leight. The company currently has distribution in more than 45 countries worldwide and operates five retail stores located in New York (2 stores), Los Angeles, Costa Mesa and Tokyo.
Oliver Peoples eyewear is seen on many of the world's most well-known celebrities and helped establish the luxury eyewear market. The classic designs fuse old-world aesthetics with modern-day finesse and are priced from $210-420.
Paul Smith Spectacles, launched in 1994, includes prescription eyewear and sunglasses featuring whimsical yet classic designs with attention to detail synonymous with one of Britain's leading fashion designers and is priced from $235-335. Launched in 2005, Mosley Tribes is a modern lifestyle brand fusing utility and style and retails from $120-240.
Oakley: a world brand, driven to ignite the imagination through the fusion of art and science. Building on its legacy of innovative, market-leading premium sunglasses, the company offers a full array of products including performance and lifestyle apparel, accessories, prescription eyewear, footwear, wristwatches and electronics to consumers in more than 100 countries.
Oakley Inc
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