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Sticker shock: Why are glasses so expensive?

One factor: the world's largest eyewear company, the Italian firm Luxottica, controls a big chunk of the business. Lesley Stahl reports.

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Right now on ebay

2 EMPTY RAY-BAN SUNGLASSES CASES BY LUXOTTICA CASES ONLY EYEGLASS $62.00

2 EMPTY RAY-BAN SUNGLASSES CASES BY LUXOTTICA CASES ONLY EYEGLASS

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News & Reviews

[08/08/18, via ]
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Roswell Gazette [08/07/18, via Roswell Gazette]
Global Sunglasses Market 2018 – Luxottica, Safilo SpA, Kering, De Rigo SpA The Global Sunglasses Market Research Report 2018 introduces the basics: definitions, categories, market review, product specifications, arrangements, procedures, development and so forth. Beginning with an exploration on the current state of the  [...]

managementjournal24.com [08/07/18, via managementjournal24.com]
Global Prescription Sunglasses Market 2018 – Luxottica Group, Safilo Group, Charmant, Marchon Eyewear, Fielmann ... The Global Prescription Sunglasses Market Report 2018 published by Globalinforesearch.biz is a complete study of the industry sectors, up-to-date outlines, business development, present market and then goes into each and every detail. The report [...]

Financial Times [07/18/18, via Financial Times]
Luxottica looks ahead to sealing deal with Essilor On the banks of Lake Como last week, Luxottica, the world's number one eyewear maker by sales, toasted its latest sunglasses collections before fashion editors flown in from as far away as China, the US and India. The owner of Ray-Ban, Oakley and  [...]

Chilton Times Journal [07/11/18, via Chilton Times Journal]
Global Sunglasses Market 2018 – Luxottica, Safilo SpA, Kering, De Rigo SpA, Marcolin SpA, Prada The research report named Global Sunglasses Market 2018 serves vital cognizance into global Sunglasses industry along with the latest details such as currently dominating players in the market, industry chain structure, policies by region, and chapter [...]

Sunglasses

Sunglasses

Sunglasses or sun glasses are a form of protective eyewear designed primarily to prevent bright sunlight and high-energy visible light from damaging or discomforting the eyes. They can sometimes also function as a visual aid, as variously termed spectacles or glasses exist, featuring lenses that are colored, polarized or darkened. In the early 20th century they were also known as sun cheaters.
Healthcare professionals recommend eye protection whenever the sun comes out to protect the eyes from ultraviolet radiation and blue light, which can cause several serious eye problems. Its usage is mandatory immediately after some surgical procedures such as IntraLASIK and recommended for a certain time period in dusty areas, when leaving the house and in front of a TV screen or computer...

Notable: Industry; Industry;

Source: Freebase, licensed under CC-BY.

Yes, I know that I look like a tool when wearing these, and that they're owned by yech, Luxottica. Yet unlike most… t.co/8U9kWvT8VB 

RT @ashishuk38: I have been sold duplicate Ray Ban Polarized sunglasses by @Lenskart_com and @Luxottica now when I asked for a replacement…

I have been sold duplicate Ray Ban Polarized sunglasses by @Lenskart_com and @Luxottica now when I asked for a repl… t.co/05LOxU0MZr 

Most of the famous brands of sunglasses including Ray-Ban, Oakley and Versace are actually made by one Italian company Luxottica.

t.co/Zczgwy4L6Z  #PlanoSunglassesMarket size is anticipated to surpass USD 29 billion by 2024. Key Industryt.co/ubgjq6ZjtR 

Plunkett's Retail Industry Almanac 2009 Plunkett's Retail Industry Almanac 2009
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652 pages
Strategic Management: Competitiveness and Globalization, Concepts Strategic Management: Competitiveness and Globalization, Concepts
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Plunkett's Engineering & Research Industry Almanac 2008 Plunkett's Engineering & Research Industry Almanac 2008
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Plunkett's Health Care Industry Almanac 2008 Plunkett's Health Care Industry Almanac 2008
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[03/14/16, via Zolmax News]
Luxottica Group SpA (LUX) Downgraded to “Sell” at Zacks Investment Research According to Zacks, “Luxottica Group is the world leader in the design, manufacture and marketing of high quality eyeglass frames and sunglasses in the mid and premium priced market segments. The Company’s products, which are designed and produced in ... [...]

[03/13/16, via Ticker Report]
Luxottica Group SpA (LUX) Shares Bought by Neuberger Berman Group LLC Luxottica Group SpA has a 52-week low of $53.00 and a 52 ... wholesale distribution and marketing of brands and designer lines of prescription frames and sunglasses, as well as of performance optics products. Frustrated with your broker? [...]

[03/12/16, via Watch List News]
Luxottica Group SpA Forecasted to Earn Q1 2016 Earnings of $0.49 Per Share (LUX) Luxottica Group SpA (NYSE:LUX ... wholesale distribution and marketing of brands and designer lines of prescription frames and sunglasses, as well as of performance optics products. Frustrated with your broker? Are you tired of paying high fees? [...]

[03/11/16, via financial-market-news.com]
Zacks Investment Research Downgrades Luxottica Group SpA (LUX) to Sell According to Zacks, “Luxottica Group is the world leader in the design, manufacture and marketing of high quality eyeglass frames and sunglasses in the mid and premium priced market segments. The Company’s products, which are designed and produced in ... [...]

[03/10/16, via Reuters]
Cucinelli hires former Luxottica manager as co-CEO The appointment marks another management departure from Luxottica, the maker of Ray Ban and Oakley sunglasses, which lost its third CEO in 17 months at the end of January, when top shareholder and founder Leonardo Del Vecchio, 80, took on executive powers ... [...]

Eyewear market analysis, outlook and forecasts to 2021 just published

The latest report “Global Eyewear Market: Industry Analysis & Outlook (2017-2021)” provides an extensive research and detailed analysis of the present market along with future outlook. The report discusses the major growth drivers and challenges of the market, covering Europe, North America, Asia-Pacific along with the global market.- Agency -.The report profiles key players of the market including GrandVision, Luxottica, Essilor and Safilo Group.Complete report on Global Eyewear Market...

Cartier Kings

Darryle Miller was just 20 years old in the summer of 2010 when he was killed for his Cartier sunglasses. Known to his mom as Little Darryle, the 6’6” former high school basketball star from Detroit had taken a 30-minute drive to Somerset Collection mall in Troy, Michigan earlier that summer to purchase the $2,400 pair of Cartier C Décor white buffalo horn frames, better known simply as “White Buffs.”Although they may seem frivolous to outsiders, Cartier glasses are a status symbol in the...

Why DO designer glasses cost more than an iPad? The eyewear company with 'total domination' setting astronomical prices

 Luxottica not only creates sunglasses and prescription frames for nearly all designer brands, it also owns the world's largest eyewear retailersBy Olivia FlemingPublished: 18:00 EST, 9 October 2012 | Updated: 18:14 EST, 9 October 2012 It's not uncommon to fork out $400 for a pair of luxury sunglasses, and now, it has been revealed why.Luxottica, a 'little-known but very big Italian company' appears to have gained total domination over the world's eyewear production; making...