News & Reviews

Eyewear mega deal could hurt U.S. consumers, but still be approved

WASHINGTON (Reuters) - The world’s biggest eyeglass frame maker is planning to merge with the largest lens maker in a tie-up U.S. antitrust experts fear will be bad news for consumers, but could still be approved. FILE PHOTO: The Luxottica name is reflected in a pair of sunglasses in this photo illustration taken in Rome February 4, 2016. REUTERS/Alessandro Bianchi/Illustration/File PhotoFrance’s Essilor (ESSI.PA), the prescription lens maker, has asked U.S. regulators to bless its merger...

Goliath in glasses: Mega-merger may jack up the cost of eyewear even higher

A proposed merger between prescription lens-maker Essilor and frame maker Luxottica might sound like a dream for anybody with four eyes, but it could be more like a nightmare for the wallets of U.S. consumers.RELATED: 10 best places to get a deal on eyeglassesMaybe you’re not familiar with the names Essilor and Luxottica. They’re European companies from France and Italy, respectively, but they have a heavy footprint all over the U.S. eyeglasses market.Luxottica owns Pearle Vision and...

Tiffany & Co. Strengthens Eyewear Offering with Renewed Luxottica License Agreement

NEW YORK & MILAN--(BUSINESS WIRE)--Luxottica Group (MTA: LUX) and Tiffany & Co. (NYSE: TIF) today announced the renewal of an exclusive license agreement for the development, production and worldwide distribution of sunglasses and prescription frames under the Tiffany & Co brand. The agreement marks a new era for eyewear at Tiffany, with creative direction overseen by Tiffany & Co.’s chief artistic officer, Reed Krakoff. The agreement is...