Companies That We Believed To Be American, But They Are Really Not!

Published on 10/05/2021
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Sunglass Hut

Sunglass Hut is a famous shopping destination in the United States for many eyewear enthusiasts. The brand offers both colored and clear glasses. South Africa, India, the United Kingdom, and other countries are all represented. Despite this, Sanford Ziff, an optometrist from Miami, Florida, created the company. In 1986, five years after opening its 100th store, the company was sold. Luxottica acquired it for $653 million in 2001. When I was a child, there were approximately 1,300 stores located across the city. Almost 2,000 sites are currently open worldwide.

Sunglass Hut

Sunglass Hut

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Motorola

Motorola, well known for its electronic products, began in Schaumburg, Illinois, long before mobile phones existed. It developed progressively in popularity following its 1928 debut, reaching a zenith of success with flip phones and comparable devices. Google eventually acquired it, only for Lenovo, a Chinese corporation, to repurchase it in 2014. Google lost money on this transaction, having acquired the company for $12 billion two years prior to selling it for $2.9 billion. Even now, the mystery surrounding Google’s willingness to lose $10 billion on this deal continues.

Motorola

Motorola

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