Essilor Finally Controls Stylemark

The Essilor subsidiary, FGX International, recently acquired the outstanding shares in Stylemark.Based in Ormond Beach, Florida, $140-million Stylemark sells more than 30 million readers and sunglasses in nearly 30,000 retail outlets, mainly in the food, mass retail, drugstore and department store segments. It boasts a large portfolio of licensed brands, including Nine West, Dockers, Reebok, Hello Kitty and various Disney properties. The company asserts that the acquisition will enable FGXI to consolidate, to enter the fast-growing department store segment, and to improve the efficiency of its supply chain.