Oakley bid speculation

Luxottica and Nike have been cited as possible bidders for US sunglass maker Oakley, according to a recent report in the Financial Times, June 12.

Luxottica is reported to be looking at a major acquisition, but its spokesman told Optician that it 'had a long-standing policy of not commenting on market rumours of any kind'.

Lance Allegra, director of investor relations for Oakley, was reported in the FT as saying his company did not comment on takeover speculation, though he had heard some of the same takeover buzz involving Luxottica and Nike.

An industry banker said Nike considered Oakley to be a good fit. The company had considered a bid when Oakley's CEO Scott Olivet was VP of business development at Nike, but the price was too expensive. at the time.