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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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Great panto eyeglasses in dark grey and green by LUXOTTICA  A2 $49.00

Great panto eyeglasses in dark grey and green by LUXOTTICA  A2

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Chic ladies panto eyeglasses in golden and rose-purple by LUXOTTICA  A2 $49.00

Chic ladies panto eyeglasses in golden and rose-purple by LUXOTTICA  A2

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News & Reviews

[10/08/18, via ]
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Perfect Observer (press release) (blog) [10/08/18, via Perfect Observer (press release) (blog)]
Global Sunglasses Market 2018 Size, Status and Outlook: Safilo SpA, De Rigo SpA, Luxottica and Kering Global Sunglasses Market 2018 is an extensive, professional analysis bringing market research data which is pertinent to new market entrants and recognized players. The report covers data that makes the record a resource for analysts, managers,  [...]

euronews [10/05/18, via euronews]
Italy' antitrust opens probe over Luxottica's acquisition of Barberini The antitrust said in a document on its website EssilorLuxottica and Barberini would control 65-70 percent of the Italian sunglasses market. "Barberini's positioning leads one to believe that such a concentration could significantly hamper [...]

Techno News Expert [10/05/18, via Techno News Expert]
Global Premium Sunglasses Market 2018 – Luxottica Group, Safilo Group, Kering, De Rigo Vision, Marchon Eyewear Premium Sunglasses or sun glasses are a form of protective eyewear designed primarily to prevent bright sunlight and high-energy visible light, especially harmful ultraviolet (UV) rays, from damaging or discomforting the eyes. This report studies the [...]

Tactical Business [10/05/18, via Tactical Business]
Sunglasses Market: Growing Demand, Consumption, Analysis of Leading Players (Luxottica, Safilo, Kering, De Rigo) If you are involved in the Sunglasses industry or intend to be, then this study will provide you comprehensive outlook. It's vital you keep your market knowledge up to date segmented by Applications Young Adults, Adults, Mature Adults & Seniors [...]

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.

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

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

@ray_ban @Luxottica I’m going to rip my own hair out trying to get a defective pair of sunglasses replaced by you w… t.co/v0TsjipyUP 

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

@mybandowen Check out the brand blenders eyewear. They make good sunglasses at affordable prices cause they’re not… t.co/0t59bha8ZD 

Plunkett's Retail Industry Almanac 2009 Plunkett's Retail Industry Almanac 2009
Published by Plunkett Research, Ltd. 2008
ISBN 9781593921392,159392139X
652 pages
Strategic Management: Competitiveness and Globalization, Concepts Strategic Management: Competitiveness and Globalization, Concepts
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448 pages
Plunkett's Engineering & Research Industry Almanac 2008 Plunkett's Engineering & Research Industry Almanac 2008
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708 pages
Plunkett's Health Care Industry Almanac 2008 Plunkett's Health Care Industry Almanac 2008
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ISBN 9781593920968,1593920962
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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...