Luxottica

Luxottica is a leading eyewear company with a strong presence in the global market. The Italian conglomerate is renowned for its top-quality eyewear brands such as Ray-Ban, Costa, Persol, Oliver Peoples, and Oakley. Luxottica's success can be attributed to its vertically integrated business model which enables it to control every aspect of its operations. The company designs, produces, distributes, and sells its eyewear brands through its subsidiaries which include LensCrafters, Sunglass Hut, Pearle Vision, Target Optical, and Glasses.com.

Luxottica's market dominance has often been referred to as a monopoly due to its ability to control prices. The company's market power has allowed it to charge high markups of up to 1000% on its products. Luxottica's success is not limited to its own brands as it also produces sunglasses and prescription frames for luxury brands such as Chanel, Prada, Giorgio Armani, Burberry, Versace, Dolce and Gabbana, Michael Kors, Coach, Miu Miu, and Tory Burch.

In 2017, Luxottica announced a merger with Essilor, the leading French lens manufacturer. The merger brought together two of the biggest players in the eyewear industry and created a new holding company, EssilorLuxottica. The merger enabled the new company to control more than a quarter of the global value sales of eyewear. The European Commission approved the merger in March 2018, resulting in a combined market capitalization of approximately $70 billion.

Founded: 1961
Headquarters: Milan, Italy
Website: https://www.luxottica.com/en