Business Summary
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FGX International Holdings Limited is a designer and marketer of non-prescription reading glasses, sunglasses and costume jewelry with a portfolio of eyewear brands, including FosterGrant and Magnivision. The Company sells its FosterGrant brand in the United States sunglasses market, and both its FosterGrant and Magnivision brands in the domestic non-prescription reading glasses market. Its products are sourced through low-cost Asian manufacturers and sold primarily through mass channels, which include mass merchandisers, chain drug stores, chain grocery stores and variety stores. Some of its products are sold to ophthalmic retailers, mid-tier department stores and other specialty retailers. The Company conducts its business through its subsidiary, FGX International, Inc., and its operating subsidiaries. In October 2009, FGX International Holdings Limited acquired Corinne McCormack, Inc.
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