Luxottica Group is the world’s largest eyewear company. Its best known brands include Ray-Ban, Persol and Oakley, Prada, Dolce Gabbana, Tiffany, Chanel, Versace, Tory Burch , Burberry, Coach and many more. It also makes sunglasses and prescription frames for a multitude of designer brands such as Chanel and Prada, whose designs and trademarks are used under license. Luxottica also makes sunglasses branded Polo Ralph Lauren, Stella McCartney, Vogue, Versace, Anne Klein, Miu Miu, and Donna Karan. Its prime competitor is the Safilo Group.
In addition to making sunglasses, Luxottica also sells them at retail chains it owns, like Sunglass Hut, Oliver Peoples and Pearle Vision Center. In the United States, it also owns EyeMed Vision Care, putting it on the buyers’ side of the market as well. Since it rarely uses its own name for any consumer products, and owns such a wide variety of brands, it has been accused of using its power as a price maker to raise the cost of eyewear and keep it high.
It has been recently featured on 60 minutes and has been described as the most profitable eyewear manufacturer as well as the most desirable carrier of the top selling brands. If you would like more information on how big the company just is and preview its internal operations!, click the video on Youtube below.
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