The Little-Known Monopoly on Eye Care

Did you know there is one company that owns a bunch of eyewear, eye care, and vision insurance brands? Nearly 70% of the market in the world is owned by the Italian eyewear company, Luxxotica Group S.p.A.

They own:

  • Ray-Ban
  • Persol
  • Oakley

They make frames for:

  • Chanel
  • Prada
  • Giorgio Armani
  • Burberry
  • Versace
  • Dolce and Gabbana
  • Miu Miu
  • Donna Karan
  • Stella McCartney
  • Tory Burch

And they own the eyecare brands:

  • Lenscrafters
  • Sunglass Hut
  • Pearle Vision
  • Sears Optical
  • Target Optical
  • Glasses.com

It also owns EyeMed Vision Care which a majority of U.S. companies use to provide vision coverage to their employees. Seems like a bit of a conflict of interest that EyeMed only has mostly Luxxotica-owned eyecare centers as “in network” and then those stores only carry their frames.

Any wonder why eye care costs so much for glass and plastic sticks?

3 thoughts on “The Little-Known Monopoly on Eye Care

    1. Aaron Douglas

      I still use Zenni for cheaper “okay to break” glasses – local guy for eye exam. Its hard to get decent frames locally that aren’t part of Luxxotica.

      Like

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