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If you can't beat them buy them then run them to the ground
In early 1996, Oakley had a pricing dispute with Luxottica, the world's largest eyewear manufacturers and retailers. Luxottica stopped carrying Oakley's products in their stores, including Sunglass Hut, and Oakley's stock market value declined 33%.
It has a lot less to do with big or small - there are many large companies that are private - more about what sort of control you are going to trade off for access to capital. That's usually a zero sum game.
Pit Row
The playbook that leads to this type of maneuver was written on Wall Street.
I do dig Oakley watches and have a couple
And, you can bet on The Oakley Culture taking a hit.
What Oakley culture is now showing are the bruises from the hit it actually took when JJ sold to an entity with different objectives and different culture.
...results are coming later than expected. So the execution is done, we are struggling more than planned on sports channel this year, and we are not disinvesting in non-optical business, but we are heavily working to simplify what we do outside eyewear (apparel, footwear and accessories), and we have still, you know, a quite large store footprint of 290 Oakley stores. They were designed to host eyewear and apparel as well, so footage is quite generous, so there might be further evolution in the next period, but today we are not planning to disinvest on apparel and footwear. For sure, we don’t want that this relatively small division will absorb more than needed energies for the Group, that’s why we are simplifying it
The 'further evolution' Vian talks about gives them plenty of wriggle-room regarding a reduction of the store footprint.
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