Maui Jim purchased by Essilor?

**TNOptiGirl** · 09-24-2014, 01:20 PM

Heard through the grapevine that this has/is happening. Anyone else heard anything?

**mdeimler** · 09-25-2014, 07:27 AM

heard about this a few months ago...also heard it will never happen, who knows.

**becc971** · 09-25-2014, 11:53 AM

ughhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh hhhhhhhhhhhhhhhh

**Jstanfast** · 09-25-2014, 01:58 PM

Can anyone confirm this? If so, looks like Kaenon is coming into our office.

**ChrisW** · 09-25-2014, 11:31 PM

Maui Jim training (sales pitch) session on Monday & this was strongly denied. Although that probably means it has already happened.

**Robert_S** · 09-26-2014, 07:37 AM

This question gets asked at least twice every year. I'll believe it when I see it.

**edKENdance** · 09-26-2014, 08:29 AM

Originally Posted by Robert_S

This question gets asked at least twice every year. I'll believe it when I see it.

Even if it was true, who cares? MJ plays in the same ballpark that E and L play anyways.

**regional_manager** · 10-03-2014, 04:30 PM

http://www.reuters.com/article/2014/...0RI1DT20140918

**sharpstick777** · 10-03-2014, 07:09 PM

Maui Jim's primary stock holder is an insurance company based in Peoria IL, its unlikely they would sell because I think it builds their local business reputation to support local companies. Maui Jim is profitable, everyone seems happy, there are huge international markets to crack still. The economy is picking up and MJ has a huge part of the premium sun market.

I would consider it unlikely that they would sell in the next few years.

**edKENdance** · 10-03-2014, 07:13 PM

Originally Posted by sharpstick777

Maui Jim's primary stock holder is an insurance company based in Peoria IL, its unlikely they would sell because I think it builds their local business reputation to support local companies. Maui Jim is profitable, everyone seems happy, there are huge international markets to crack still. The economy is picking up and MJ has a huge part of the premium sun market.

I would consider it unlikely that they would sell in the next few years.

You could have said the exact same thing of Sunglass Hut. It was really sunny in Coral Gables.

**sharpstick777** · 10-04-2014, 12:26 PM

Originally Posted by edKENdance

You could have said the exact same thing of Sunglass Hut. It was really sunny in Coral Gables.

\
Sunglass Hut was struggling financially though 4 years before they were sold. Lots of senior turn over, the distribution center in Atlanta was a disaster. They had lost most of the inventory control. Sales were down, and expenses were rising, and everything they tried couldn't fix per dollar or same store sales from dropping. Before hand they were the darling of Wall-street, but only because of mild financial shenanigans (they were counting damaged returns as full inventory, they believed they were going to get credit. But once they sales slowed they lost their leverage with manufacturers to negotiate full value returns, and the returns piled up). Because the stock once soared so high (it was the Apple of retail for a few years), the investors were itchy to get out and pushed for a sale. None of those factors exist at Maui J.