A CBS News report recently re-broadcast on “60 Minutes” tries to answer the question, “Why are glasses so expensive?” According to the report, one Italian company – Luxottica – monopolizes nearly all of the market for eyewear in the U.S.
In the “60 Minutes” story, Luxottica CEO Andrea Guerra says that “at least half a billion people worldwide are wearing our glasses now.”
The company owns both LensCrafters and Pearle Vision along with the two top premium sunglasses brands in the world – Oakley and Ray Ban.…