Business Summary
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FGX International Holdings Limited conducts business through its subsidiary, FGX International Inc., and its operating subsidiaries. The Company is a designer and marketer of non-prescription reading glasses and sunglasses with a portfolio of eyewear brands, including Foster Grant and Magnivision. It 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. On October 28, 2009, it acquired 100% interest in Corinne McCormack, Inc and eye-bar inc., a designer and marketer of fashion eyewear and optical accessories.
| | (Source: 10-K)
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