FGXI Enters Agreement with Hudson News

 

Smithfield, RI (November 12th, 2008)

 

During the third quarter, FGX International (NASDAQ: FGXI) entered into a contract with Hudson News to provide sunglasses and reading glasses at approximately 400 airport and other major transportation hub gift shops. The Company expects to ship approximately $3-4 million of Foster Grant Sunglasses and Magnivision Reading Glasses in connection with this program in 2009.

FGX International, the parent company for the Foster Grant brand, is a leading designer and marketer of non-prescription reading glasses, sunglasses and costume jewelry.  Their portfolio of established, well-recognized brands includes Foster Grant, as well as Magnivision, Anarchy, Angel and Gargoyles.  FGXI also has licenses in certain product categories from Ironman, Levi Strauss, Body Glove and C9 by Champion. Based in Smithfield, Rhode Island, FGXI has approximately 300 full-time employees.  Additional offices are located in New York, Toronto, Stoke-on-Trent, England, Mexico City, Bentonville, AR and Shenzhen, China.

For additional information contact: 

Sal Siano
Phone:  (401) 719-2160
E-mail:  ssiano@fgxi.com