Since its founding in 1961, Luxottica has transformed glasses from a necessary medical device to a fashion statement.
It owns several popular brands, like Ray-Ban and Oakley, manufactures frames for dozens of luxury fashion houses, owns several eyeglass retail chains, and even operates the vision insurance company EyeMed. Its vertically integrated strategy helped it pull in $10 billion in sales in 2018 and control 40% and 76% of the U.S. glasses and sunglasses market, respectively. But this strategy has also raised eyebrows among antitrust experts, who worry the company has too much power over the industry. The concern rose in 2017, when Luxottica announced a merger with the French lenses manufacturer Essilor worth $49 billion.
mehdimkinsi
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'Curse of Amazon strikes again': What experts are saying about the tech giant's Deliveroo dealHere's what experts have to say about Amazon's investment in a major competitor to food delivery giants like UberEats and Just Eat.
Source: CNBC - 🏆 12. / 72 Read more »
Investors grill Altria CEO over $12.8 billion bet on e-cigarette giant JuulAltria shareholders grilled CEO Howard Willard on his $12.8 billion bet on e-cigarette giant Juul at the company's annual shareholder meeting Thursday.
Source: CNBC - 🏆 12. / 72 Read more »
Oil Giant Total SA Goes Further in Liquefied Natural Gas With $8.8 Billion Deal in AfricaTotal SA’s $8.8 billion deal to buy the African assets of Anadarko Petroleum brings the French oil giant closer to its goal of being a cleaner company with more natural gas than crude oil in its portfolio Bzzsk
Source: WSJ - 🏆 98. / 63 Read more »
China’s Treasury holdings fell to a two-year low — here’s why investors shouldn’t worryMarket participants say the latest data on foreign holdings of Treasurys demonstrate why dumping U.S. government paper stood as one of the more ineffective... good Read latest OPED at A TradeWar – Or the Taming of China Direct Link: Trump ThursdayThoughts ThursdayTellAlls ThursdayMorning ThursdayIntel TradeTalks WallStreet MarketsNews Markets Good for China for calling SCAM erica and backwards thinking realDonaldTrump's bluff. They should reduce their holdings to ZERO of WORTHLESS $US Treasuries. SCAM erica- Land of the FRAUD/Home of the BRAINLESS- and the most corrupt financial system on earth.
Source: MarketWatch - 🏆 3. / 97 Read more »
Supreme Court rules against Apple in App Store antitrust caseThe Supreme Court on Monday ruled 5-4 against Apple in a case involving its signature electronic marketplace, the App Store, allowing iPhone users to move forward with their suit against the company. Now do Facebook Absolutely
Source: CNBC - 🏆 12. / 72 Read more »
The Supreme Court just ruled against Apple in an antitrust case centered around the App StoreThe U.S. Supreme Court on Monday gave the go-ahead for a lawsuit by consumers accusing Apple of monopolizing the market for iPhone apps. This is great news for the tech industry. SAI They are doing whatever they can to run the company. But then if everything is listed in the agreement for devs then this will not be a problem.
Source: BusinessInsider - 🏆 729. / 51 Read more »