June 25, 2007

Oakley sells to Luxottica.

Luxottica, the European optical company behind Arnette, have purchased Oakley for US$2.1 Billion. The deal has been termed a “merger” but Luxottica appear to be parting with all the cash. I’m afraid to make jokes about this because the guys who decided your average person on the street needed bullet proof glasses now has $2.1 billion to do with as they please. So… Umm… Yeah. Go guys.

by Dave