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| '''Bright Eyes Sunglasses''' was established in ], ], by Robert Johnson, in 1985.<ref name="abix-back">{{cite web | url=http://www.highbeam.com/doc/1G1-109155755.html | title=Back in the sun. | publisher=Australasian Business Intelligence | work=via ] {{Subscription required}} | date=October 23, 2003 | accessdate=April 29, 2012 | author=Walker, Jacqui}}</ref> | '''Bright Eyes Sunglasses''' was established in ], ], by Robert Johnson, in 1985.<ref name="abix-back">{{cite web | url=http://www.highbeam.com/doc/1G1-109155755.html | title=Back in the sun. | publisher=Australasian Business Intelligence | work=via ] {{Subscription required}} | date=October 23, 2003 | accessdate=April 29, 2012 | author=Walker, Jacqui}}</ref> By 1995, the chain included 115 stores.<ref name="abix-back" /> In 1997 the franchise was sold to Ian Thomas, a Cairns property developer. Ian Thomas reduced the stores from 112 to 85 removing the unprofitable stores strenghening the brand and growing the gross profit of the group by 50%.{{citation needed}} In 2000 Bright Eyes was sold to a consortium of three businessmen: Geoff Harbert, Graham Bradshaw, and Ralph Edwards.<ref name="abix-back" /> Each bringing a different skill set to the business helped Bright Eyes on the path to expansion again, reaching 120 stores throughout Australia. In 2006 ], a subsidiary of ], attempted to purchase the Bright Eyes franchise but were blocked by the ]. Allowing Sunglass Hut to purchase Bright Eyes would have effectively given it a monopoly in Australia and was deemed anti-competitive by the ACCC. In 2007 Sunglass Icon, a retail subsidiary of ], purchased Bright Eyes for a significant amount. Four months later the Luxottica Group acquired Oakley and the ruling of the ACCC was subsequently usurped via international laws. | ||
| First started at the Rusty's Markets in Cairns with the first stand-alone sunglasses store in the Mellick Centre in Cairns, by Robbie and Ann Johnson, it slowly grew in Cairns and ], before being franchised and exploding in popularity throughout Australia and New Zealand. In 1997 the franchise was sold to Ian Thomas, a Cairns property developer. Ian Thomas reduced the stores from 112 to 85 removing the unprofitable stores strenghening the Brand and growing the gross profit of the group by 50%. In 2001 due to ill health and following the collapse of Ian Thomas's property development empire Bright Eyes was sold to a consortium of three businessmen, Geoff Harbert, Graham Bradshaw and Ralph Edwards. Each bringing a different skill set to the business helped Bright Eyes on the path to expansion again, reaching 120 stores throughout Australia. In 2006 ], a subsidiary of ], attempted to purchase the Bright Eyes franchise but were blocked by the ]. Allowing Sunglass Hut to purchase Bright Eyes would have effectively given it a monopoly in Australia and was deemed anti-competitive by the ACCC. In 2007 Sunglass Icon, a retail subsidiary of ], purchased Bright Eyes for a significant amount. Four months later the Luxottica Group acquired Oakley and the ruling of the ACCC was subsequently usurped via international laws. | |||
| == References == | == References == | ||
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Bright Eyes Sunglasses was established in Cairns, Queensland, Australia, by Robert Johnson, in 1985. By 1995, the chain included 115 stores. In 1997 the franchise was sold to Ian Thomas, a Cairns property developer. Ian Thomas reduced the stores from 112 to 85 removing the unprofitable stores strenghening the brand and growing the gross profit of the group by 50%. In 2000 Bright Eyes was sold to a consortium of three businessmen: Geoff Harbert, Graham Bradshaw, and Ralph Edwards. Each bringing a different skill set to the business helped Bright Eyes on the path to expansion again, reaching 120 stores throughout Australia. In 2006 Sunglass Hut, a subsidiary of the Luxottica Group, attempted to purchase the Bright Eyes franchise but were blocked by the ACCC. Allowing Sunglass Hut to purchase Bright Eyes would have effectively given it a monopoly in Australia and was deemed anti-competitive by the ACCC. In 2007 Sunglass Icon, a retail subsidiary of Oakley, purchased Bright Eyes for a significant amount. Four months later the Luxottica Group acquired Oakley and the ruling of the ACCC was subsequently usurped via international laws.
References
- ^ Walker, Jacqui (October 23, 2003). "Back in the sun". via Highbeam Research (subscription required). Australasian Business Intelligence. Retrieved April 29, 2012.