60 Minutes - Luxottica. Do you know who makes your glasses?

What people said

petilon · 2022-11 · Recommendation

Glasses are expensive because there is no competition. One company - Luxottica - owns pretty much everything. You go to LensCrafters and prices seem super expensive, so you go to Pearle Vision and that's expensive too, so you go to Target Optical and prices are still high and then you think maybe glasses are expensive, since you went to multiple stores and they all have similar prices. What you don't realize is that all those retail brands are owned by the same company - Luxottica [1]. They operate under several names, so there is an appearance of competition but there isn't. But wait, it isn't just stores, they also own eyewear brands such as Ray-Ban, Chanel, Coach, Oakley, Prada, Tiffany, and so on. Yes, all of those brands are owned by Luxottica [2]. Wait, not done yet. They also own insurance. Luxottica owns the vision insurance company EyeMed. [3] Still not done. Luxottica has merged with Essilor and now own multiple lens brands [4]. See 60 Minutes story on Luxottica if you're not outraged yet [5]. Where are the anti-trust enforcers in this country and other countries, and why are they not doing anything? [1] [LINK] [2] [LINK] [3] [LINK] [4] [LINK] [5] [VIDEO]

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cheriot · 2019-01 · Recommendation

The 60 minutes episode on Luxottica and why glasses are so expensive was interesting context for reading about Warby Parker. [VIDEO]

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interlocutor · 2019-01 · Recommendation

The reason glasses cost so much is because one company owns: (1) nearly all brand name frames including Ray-Ban, Oakley, Prada eyewear, Armani eyewear and so on, (2) nearly all retail stores such as LensCrafters, Pearle Vision, Sears Optical and Target Optical and (3) EyeMed, one of the largest vision insurance companies. See this eye-opening 60 Minutes story on Luxottica: [VIDEO] Luxottica retail brands: [LINK] Luxottica eyewear brands: [LINK] Luxottica vision insurance: [LINK] In the US, only Costco and Walmart's optical departments are independent of Luxottica.

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