Oakley buys US luxury chain Optical Shop of Aspen

Oakley's acquisitive streak continued yesterday when it announced it had agreed to buy the Optical Shop of Aspen (OSA), one of the US's most respected luxury eyewear retailers with 14 outlets, mainly in western states of the US.

'Oakley has established a renewed focus on optics and is implementing strategies to build business platforms for sustainable growth and profitability,' said Oakley chief executive Scott Olivet.

'The Optical Shop of Aspen, along with our recent acquisition of Oliver Peoples, strengthens our premium eyewear platform. In addition, OSA will help build Oakley's prescription eyewear business and further develop the company's retail capabilities.'

Larry Sands, founder and chief executive of OSA said, 'For more than 30 years we have cultivated a loyal consumer following based on innovative eyewear collections, outstanding customer service and unique retail environments.'