As you walk into a sunglass store, you may be overwhelmed by the wide variety of brands you have to choose from. But many of those brands are actually owned by the same company, the Italian eyeglass conglomerate Luxottica. Luxottica owns nearly every popular brand of sunglasses sold worldwide as well as Sunglass Hut, where much of that eyewear is for sale. Luxottica's brands include icons like Ray-Ban and Persol in addition to a large portion of fashion brands that have licensing deals with the company. World globe An icon of the world globe, indicating different international options. Search icon A magnifying glass.
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2 companies control most of the sunglasses bought in the US
PARIS Reuters - EssilorLuxottica declared an end to a damaging feud between its French and Italian partners on Monday, saying it would focus on finding a new chief executive and integrating the eyewear group formed by a 54 billion euro 47 billion pounds merger. Shares in EssilorLuxottica, which have been rattled as the dispute was fought out in public, were up 1 percent at GMT, among the best performers on the Paris benchmark CAC index which was down 0. EssilorLuxottica resulted from the merger of French lenses maker Essilor and Italian peer Luxottica.
Luxottica controls 80 percent of eyewear brands, several major optometry chains, and the second-largest vision care insurer. Eyewear retail giant Luxottica owns a number of high-profile eyeglass and sunglass brands, as well as several optometry chains and the second-largest vision care insurer. Products exist in the mind and brands live in the heart: Luxury brands conjure up lifestyle interpretations we want to buy into. Luxottica, the dominant frame producer, owns a portfolio of eyewear brands that includes Persol and Ray-Ban, the latter of which is the biggest brand in the market.