Since its founding in 1961, Luxottica has transformed glasses from a necessary medical device to a fashion statement. It owns several popular brands, like Ray-Ban and Oakley, manufactures frames for dozens of luxury fashion houses, owns several glasses retail chains, and even operates the vision insurance company EyeMed. And in 2017, Luxottica announced a merger with Essilor, a French lenses manufacturer, leading some experts to question whether it has too much power.
Since its founding in 1961, Luxottica has transformed glasses from a necessary medical device to a fashion statement.
It owns several popular brands, like Ray-Ban and Oakley, manufactures frames for dozens of luxury fashion houses, owns several eyeglass retail chains, and even operates the vision insurance company EyeMed. Its vertically integrated strategy helped it pull in $10 billion in sales in 2018 and control 40% and 76% of the U.S. glasses and sunglasses market, respectively. But this strategy has also raised eyebrows among antitrust experts, who worry the company has too much power over the industry. The concern rose in 2017, when Luxottica announced a merger with the French lenses manufacturer Essilor worth $49 billion.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
'Curse of Amazon strikes again': What experts are saying about the tech giant's Deliveroo dealHere's what experts have to say about Amazon's investment in a major competitor to food delivery giants like UberEats and Just Eat.
Baca lebih lajut »
Investors grill Altria CEO over $12.8 billion bet on e-cigarette giant JuulAltria shareholders grilled CEO Howard Willard on his $12.8 billion bet on e-cigarette giant Juul at the company's annual shareholder meeting Thursday.
Baca lebih lajut »
Oil Giant Total SA Goes Further in Liquefied Natural Gas With $8.8 Billion Deal in AfricaTotal SA’s $8.8 billion deal to buy the African assets of Anadarko Petroleum brings the French oil giant closer to its goal of being a cleaner company with more natural gas than crude oil in its portfolio
Baca lebih lajut »
China’s Treasury holdings fell to a two-year low — here’s why investors shouldn’t worryMarket participants say the latest data on foreign holdings of Treasurys demonstrate why dumping U.S. government paper stood as one of the more ineffective...
Baca lebih lajut »
Why Meteorologists Worry 5G Networks Could Degrade Weather ForecastsWhy the emergence of 5G could set us back years in weather forecast accuracy and warning the public.
Baca lebih lajut »
Why Meteorologists Worry 5G Networks Could Degrade Weather ForecastsWhy the emergence of 5G could set us back years in weather forecast accuracy and warning the public.
Baca lebih lajut »
Facebook is building out its team of antitrust experts as one of its cofounders calls for it to be broken upFacebook is facing growing demands that it should be dismantled under anti-monopoly law. It's not going down without a fight.
Baca lebih lajut »
'We need a president that's going to enforce antitrust laws': Cory BookerAfter Facebook co-founder Chris Hughes called for the social media company to be broken up, Sen. Cory Booker tells ABC’s jonkarl antitrust laws need to be enforced: “We’ve had a problem in America with corporate consolidation” See more on ThisWeekABC:
Baca lebih lajut »
Supreme Court rules against Apple in App Store antitrust caseThe Supreme Court on Monday ruled 5-4 against Apple in a case involving its signature electronic marketplace, the App Store, allowing iPhone users to move forward with their suit against the company.
Baca lebih lajut »
Supreme Court Allows Antitrust Suit Against Apple to ProceedThe Supreme Court ruled Monday that consumers can proceed with an antitrust lawsuit challenging Apple Inc.’s exclusive control over the marketplace for iPhone apps, threatening the tech giant’s slice of billions of dollars in software sales.
Baca lebih lajut »
The Supreme Court just ruled against Apple in an antitrust case centered around the App StoreThe U.S. Supreme Court on Monday gave the go-ahead for a lawsuit by consumers accusing Apple of monopolizing the market for iPhone apps.
Baca lebih lajut »