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Foster Grant targets new market.(Statistical Data Included)

Providence Business News

| June 28, 1999 | Gormley, Brian | COPYRIGHT 1999 Providence Journal Company. (Hide copyright information)Copyright

Company: AAi Foster Grant

Type of business: producer of sunglasses, reading glasses, and eye wear accessories. Foster Grant's owner, Accessories Associates Inc., also sells clocks, watches, small leather goods, and jewelry.

Number of employees: 300 locally, about 2,000 worldwide

Year founded: 1919

Location: 500 George Washington Highway, Smithfield

Annual Sales: Approximately $200 million

Mention the ad campaign, "Who's that behind those Foster Grants?" to a child of the 1960s and '70s, and you'll likely elicit the images of Woody Allen or Raquel Welch hiding behind dark sunglasses.

But do the same to someone of a later generation, the 1980s and '90s, and you're just as likely to inspire a blank stare.

That's the dilemma confronting AAi Foster Grant, the Smithfield company which produces sunglasses, reading glasses, and eye wear accessories. The company became the dominant player …

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