50+ Companies That Are Not American Anymore

Published on 10/01/2021
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Sunglass Hut

Sunglass Hut is the most popular location to shop for many eyewear enthusiasts in the United States. The company provides everything you could possibly need, from tinted sunglasses to clear spectacles. It has a presence in several countries, including South Africa, India, and the United Kingdom. Despite this, the company was founded in Miami, Florida, by an optometrist named Sanford Ziff, who was the inspiration for the venture. The company was sold in 1986, five years after it opened its 100th outpost in New York City. The Luxottica group purchased the company in 2001 for $653 million. There were more than 1,300 stores in operation at the time of the survey. There are approximately 2,000 outlets in nearly every country in the world at the moment!

Sunglass Hut

Sunglass Hut

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Motorola

Motorola, most known for its technological goods, was founded in Schaumburg, Illinois, decades before the concept of mobile phones was even given to the public. Following its founding in 1928, the company had continuous growth until its success with flip phones and other similar devices reached the pinnacle of its success. The company was subsequently purchased by Google, but it was later sold to a Chinese corporation called Lenovo in 2014. Since Google bought the company for $12 billion two years before selling it for $2.9 billion, this did not prove beneficial for the company. Still, others are perplexed why Google appeared to be okay with losing $10 billion on this transaction, which occurred in 2011.

Motorola

Motorola

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