Don’t Be Fooled By These Companies, They Were Not Owned By Americans Anymore

Published on 10/27/2021
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Sunglass Hut

Sunglass Hut is the greatest location to shop for many American eyewear enthusiasts. From tinted shades to clear glasses, the company has everything you need. It operates in South Africa, India, the United Kingdom, and other countries. Despite this, the corporation began in Miami, Florida, with the idea of an ophthalmologist named Sanford Ziff. The company was sold five years after it opened its 100th location in 1986. Luxottica purchased it for $653 million in 2001. There were around 1,300 stores in operation at the time. There are over 2,000 stores around the world right now!

Sunglass Hut

Sunglass Hut

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Motorola

Motorola, most known for its technology products, began in Schaumburg, Illinois, long before we were even aware of the concept of mobile phones. It grew steadily after its inception in 1928, reaching its pinnacle of success with flip phones and other similar devices. It was eventually purchased by Google, but in 2014 it was sold to Lenovo, a Chinese corporation. Since buying the company for $12 billion two years before selling it for $2.9 billion, this has not proven to be a beneficial move for Google. People are still perplexed as to why Google was content to lose $10 billion on this deal.

Motorola

Motorola

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