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The first Sunglass Hut store opened in 1971 when optometrist Sanford L. Ziff set up in a freestanding kiosk in Miami's Dadeland Mall.The success of this kiosk prompted Ziff to open other Sunglass Hut locations in Miami, and by 1986, Ziff had opened approximately 100 Sunglass Hut outlets, achieving sales of $24 million a year.
The company has said that the market is highly competitive, and that their frames account for ≈10% of sales worldwide and ≈20% in the United States. [ 56 ] [ 55 ] Euromonitor International estimated that Luxottica's market share was 14% worldwide, with the second-largest company in the industry, Essilor , holding a 13% market share.
Oakley, Inc. is an American company headquartered in Foothill Ranch, California, which is an autonomous subsidiary of Luxottica.The company designs, develops and manufactures sports performance equipment and lifestyle pieces including sunglasses, safety glasses, eyeglasses, sports visors, ski/snowboard goggles, watches, apparel, backpacks, shoes, optical frames, and other accessories.
Toronto is an international centre for business and finance. Generally considered the financial and industrial capital of Canada, Toronto has a high concentration of banks and brokerage firms on Bay Street in the Financial District. The Toronto Stock Exchange is the world's seventh-largest stock exchange by market capitalization. [165]
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