One single company owns a huge part of the industry: from lenses to frames to retailersEyeglasses can be quite expensive due to the vertically integrated nature of the industry.A global eyewear giant could be one of the reasons that eyewear is so expensive for consumers in North America.took a closer look at the cost of sight for Canadians and why it can be pricey.We also repeat the following Tuesday at 11:30 a.m. in most provinces.
The company also owns many of the retailers that sell to Canadians, and even runs an American insurance company that pays out vision benefits.It was formed in 2017 when Italy's Luxottica — owner of Ray-Ban and Oakley glasses — merged with France's Essilor, owner of Crizal, Transitions, Clearly and other brands.The combined company now owns or controls many of the popular names in eyeglasses that Canadians know and shop from, including LensCrafters, Sunglasses Hut, and Pearle Vision.
Essentially, the company tries to own a piece of everything to do with a pair of glasses. The merger of Essilor and Luxottica also stopped the two companies from competing each other in their previous core businesses — Luxottica in making frames, and Essilor in making lenses.on a similar principle.
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cbccostofliving Wasnt this on a cbc show a couple of years ago. Some compnay in Europe... Italy perhaps? Cant remember. Exotica? Or something like that.
cbccostofliving A trip to Mexico can help you save. Next vacation go have a look. Eyeglasses, Prescription drugs and Dental are so reasonable.