Polaroid Eyewear Such glasses could screen out glare rather than simply darken the landscape. Land and Wheelwright contracted to begin production of Polaroid Day Glasses, a longtime source of revenue for Polaroid. With venture capital from railroad tycoon W. Averill Harriman and merchant banker and part-time songwriter James P. Warburg, Edwin Land, George Wheelwright, and Julius Silver incorporated Polaroid Corporation on September 13, 1937. Polaroid began the manufacturing of polarizing sheet for windows in railroad observation cars. In 1939 Day Glasses were the source of most of Polaroid's $35,000 profit. Although sales rose to $1 million in 1941, the company's 1940 losses
Polaroid Eyewear star Boris Becker. Kenneth Grange, renowned designer from Pentagram Design Partner, designed the unique IMAGE style in the 1980s. The original Polaroid Corporation filed for federal bankruptcy protection on October 11, 2001. The outcome was that within ten months, most of the business (including the "Polaroid" name itself and non-bankrupt foreign subsidiaries) had been sold to Bank One's One Equity Partners (OEP). OEP Imaging Corporation then changed its name to Polaroid Holding Company (PHC). However, this new company operated using the name of its bankrupt predecessor, Polaroid Corporation. Petters Group Worldwide, the owner of the Polaroid brand at the time,