FGX International is looking at possible acquisitions, and says that one is possible by the end of the year. The company's chief executive, Alec Taylor, said in a conference call that FGX is looking for complementary businesses now that it has exited the jewelry segment, and that any acquisition would be paid for from its existing credit facility. He dispelled rumors that FGX was interested in merging with Safilo. FGX owns the Foster Grant, Magnivision and Gargoyles brands, and licensed brands including Levi Strauss Signature, Body Glove and C9 by Champion.