Silver compares the eyewear industry to that of Swiss watches “People know that when you’re buying a Patek Philippe, you’re getting a movement that came from Patek Philippe – and they are happy to pay that premium.” On the contrary, the reigning force of Italian conglomerate Luxottica, which now owns Ray-Ban, Persol, Oakley, Mosley Tribes, and even Oliver Peoples, dominates eyewear. In addition to these “house brands”, Luxottica owns the licensing rights to a shocking amount of designer frames including Chanel, Ralph Lauren, Bulgari, Ferragamo, Versace, and many more.
No matter whose frame you are buying at what price, they are all coming from Luxottica.
Author: Benjamin Clymer
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