FGX International Announces Acquisition of Three Hundred Limited
Smithfield, RI (February 27, 2015): FGX International, a leading eyewear designer and marketer and wholly-owned subsidiary of Essilor International, announced today its group’s completion of the acquisition of Three Hundred Ltd., a privately held sunglass company headquartered in Chessington, England, that trades as Fabris Lane Ltd. The acquisition also includes Three Hundred Limited’s fast growing online retail operation, Red Hot Sunglasses.
Fabris Lane, a business with a 33-year history, is a specialist eyewear company engaged in the sale of sunglasses. It sells to a wide range of retailers and opticians groups in 20 countries worldwide. Fabris Lane holds licenses for highly recognized brands including Karen Millen®, Lipsy®, Animal®, French Connection® and Oliver Goldsmith® and owns a portfolio of established brands including Monkey Monkey®, M:UK®, Freedom Polarised® and Suuna®. Fabris Lane also provides its customers with own label solutions using its in-house design capabilities and established supply chain and testing facilities.
Commenting on the acquisition, Anthony Di Paola, CEO of FGX International, said, “Fabris Lane has a tremendous reputation for design and quality, and bringing the latest trends to consumers. There is a great complementary fit between Fabris Lane and our own business.”
Rod Lane, Fabris Lane founder shareholder added, “I am delighted that Fabris Lane is combining with an organization with the depth of resources and reach of FGX, which will help meet the needs of sunglass consumers. This is great news for Fabris Lane’s customers, suppliers and employees.”
Terms of the deal were not disclosed.
About FGX International
FGX International Inc. is a leading designer and marketer of eyewear with a portfolio of established, highly recognized eyewear brands including Foster Grant®, Ryders®, Magnivision®, Gargoyles®, Corinne McCormack®, Solar Shield®, and Polinelli®. FGXI also holds licenses for brands such as Ironman®, Revlon®, Reebok®, Dockers®, Nine West®, and Panama Jack®. Based in Smithfield, Rhode Island in the United States, FGXI has approximately 500 full time employees. Additional offices are located in New York City; San Luis Obispo, California; Toronto; Vancouver; Milan; Stoke-on-Trent, England; Mexico City; and Shenzhen, China. FGX International is a wholly-owned subsidiary of Essilor International. For more information, please visit the www.fgxi.com website