Oakley Buys Its Canadian Distributor
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FOOTHILL RANCH — Oakley Inc. said it acquired the distribution rights to Canada from its Montreal-based distributor for an undisclosed amount.
The deal gives Oakley greater control of its products and growth opportunities as the company expands beyond sunglasses, Chief Executive Link Newcomb said.
The Foothill Ranch sunglasses maker plans to roll out an athletic shoe later this year and also is developing a wristwatch.
Oakley’s Canadian distribution has been handled by Outdoor Gear Canada since 1982. Jose Perreault, Outdoor Gear’s manager of Oakley products, will join Oakley as head of its newly formed Oakley Canada Inc. unit.
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