Sunglass Hut was founded by Sanford Ziff, who opened the first store in Miami, Florida, in 1971. Ziff was an optometrist that wanted to make fashionable prescription glasses and sunglasses that were not seen at the time. In 1991, Ziff decided to sell the company to Luxottica Group for a staggering $653 million.
Luxottica is an Italian company that has become a monopoly in recent years as it owns everything it can get its hands on. There are now over 2,000 Sunglass Hut storefronts worldwide, with many still present in the United States. This is one company that will last a long time.