RedCam Central Forum IndexRedCam Central Forum IndexRED EPIC Rentals
FAQ  •  Search  •  Memberlist  •  Usergroups  •  Register  •  Profile  •  Log in to check your private messages  •  Log in

  RedCam Central Forum Index » RED Digital Cinema General Discussion » Oakley to Merge Into Luxottica Group
View previous topic
View next topic

Reply to topic
 Oakley to Merge Into Luxottica Group
Author Message
RedCam Central
Site Admin


Joined: 14 Dec 2006
Posts: 1640
Location: Los Angeles

PostPosted: Thu Jun 21, 2007 11:49 pm    Post subject: Oakley to Merge Into Luxottica Group Reply with quote

It seems Jim Jannard (founder of RED) has sold Oakley to Luxottica, which may mean that he can now concentrate even more resources on the RED project.

Reports of the deal are saying that it is a complete sale of the shares, and that Mr. Jannard may intend to make an investment back into the company after the transaction closes.

Mr. Jannard commented on the deal, saying, "...Oakley's technology and performance is one of the world's best kept secrets and this partnership should empower our ability to tell our story throughout the world. I am encouraged by the fact that Luxottica's management has come to understand the unique, rogue nature of Oakley in the eyewear industry and is committed to preserving it. Oakley will continue to be Oakley but with much greater resources and a platform for realizing the true potential of our brand and company..."

http://investor.oakley.com/phoenix.zhtml?c=67365&p=irol-newsArticle&ID=1017819&highlight=

Congratulations, Jim!

_________________
Casey Green
RedCam Central Founder
EPIC-M #5XX & #6XX - Rentals Now Available
IMDB Credits
Back to top
View user's profile Send private message Send e-mail Visit poster's website
Display posts from previous:   
Reply to topic All times are GMT - 8 Hours
Page 1 of 1

 
Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum
You cannot attach files in this forum
You cannot download files in this forum


RED IS A TRADEMARK OF RED DIGITAL CINEMA. REDCAMCENTRAL IS NOT AFFILIATED WITH OR ENDORSED BY RED DIGITAL CINEMA.
Powered by phpBB © 2001, 2005 phpBB Group :: Design by GHS
:: Top