American Brands That Have Been Bought Out By Other Countries

Published on January 4, 2023
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Sunglass Hut

Sunglass Hut was founded in Miami by optometrist Sanford Ziff. By 1986, Sunglass Hut had reached 100 stores. In 2001, the company was acquired by Italian Luxottica Group, who paid $653 million for the it. Back then, there were 1300 stores, and now the brand has expanded to nearly 2000 stores worldwide, with 81 of them being in the United States.

Sunglass Hut

Sunglass Hut

Trader Joe’s

Trader Joe’s was founded by Joe Coulombe in 1967 in Monrovia, California. These days, it is has become one of the most popular markets to shop at all around the U.S. However, Trader Joe’s is now owned by German owner Theo Albrecht, who is also the owner of Aldi Nord, another massive supermarket chain you might know as Aldi. Albrecht’s net worth is now at $16 billion thanks to these chains.

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Trader Joe’s

Trader Joe’s