By  on August 5, 2013

Sequential Brands Group Inc. has acquired the Revo sunglass brand for $20 million in cash from Oakley Inc., which is owned by Luxottica Group SpA.

The cash transaction, which represents the fourth deal Sequential has completed so far this year, will be funded through cash on hand. Earlier in the year, the brand management firm picked up Heelys, Ellen Tracy and Caribbean Joe. The firm has a total of seven brands in its portfolio. The other brands are William Rast, People’s Liberation and DVS Action Sports.

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