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 prescription frames and sunglasses for nearly every designer brand, from Prada and Chanel, to Ralph Lauren and Versace. Read and see more.
Wednesday, October 10, 2012
Luxottica Gets Bashed after 60 Minutes Segment
Luxottica has been slammed since the 60 Minutes report appeared. Here's an example from the Daily Mail. The story ran under the headline: "Why DO designer glasses cost more than an iPad? The eyewear company with 'total domination' setting astronomical prices."