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In 2015, New York State Senator Chuck Schumer proposed changes to the FTC’s Eyeglass Rule of 1992, enacted to ensure that patients were not locked into purchasing overpriced glasses because of monopolies.Cheap Oakley Sunglasses. In a 27 September 2015 press release, Schumer’s office cited the “80 percent” figure for Luxoticca’s market share:Standing at LensCrafters, U.S. Senator Charles E. Schumer today urged the Federal Trade Commission (FTC) to modernize its “Eyeglass Rule” to allow for 21st-century competition by allowing patients to obtain a full copy of their eyeglass prescriptions so they can take that prescription anywhere they want—even online.Oakley Sunglasses Outlet. Under current law, patients are not entitled to their full prescription, a situation that often forces them to pay more when buying glasses. Schumer explained that, while more than 200 million Americans are affected by vision loss, the average price for a pair of eyeglasses is a whopping $300 with no end in sight.Luxoticca, an Italian company, which owns LensCrafters and more than 80 percent of eyewear brands. For instance, Luxoticca makes frames for well-known brands like Burberry, Prada, and Tory Burch. In addition, Luxoticca owns several other popular American eyeglass chains such as Pearle Vision, Sears Optical and Target Optical.Discount Oakley Sunglasses. Schumer explained that Luxoticca has a monopoly-like hold over the eyewear industry and that this push, along with other actions, could help weaken this hold. Additionally, many health plans do not adequately cover eye care, while forces patients to pay out of pocket.

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The federal government barely blinked when Luxottica Group, the world’s largest frame manufacturer, extended its reach and influence beyond design. It now controls 20 percent of the retail market in the United States, including ownership of national chain stores, such as LensCrafters and Pearle Vision. On top of it all, you’re paying way too much.Cheap Oakleys Sunglasses.From the local doctor’s office to the well-known retail chain, these places mark up the price of your frames and lenses by about 250 percent.Over the past 5 years, Luxottica, the world’s largest corporate player in the eyeglasses industry, steadily bought up other companies. Today, the company owns 30 different brands of frames, including Anne Klein, Burberry, DKNY, Oakley, Polo, Ralph Lauren, Ray-Ban, Versace and Vogue. It also controls retail shops, including LensCrafters, Pearle Vision, Sears Optical and Target Optical. And it owns the EyeMed Vision Care group, a vision insurance company. It makes its frames in company-owned plants in China and Italy and sells them in about 130 countries, so it’s no surprise that Luxottica also owns China’s Modern Sight Optics, a leading Chinese optical retailer.To us, that’s quite a vertical integration that could present problems for consumers.Discount Oakley Sunglasses Outlet.To FTC, it appears to be business as usual. FTC investigated Luxottica’s acquisitions in 2004, after the company acquired Pearle Vision, says Michael Moiseyev, assistant director, mergers, in the Bureau of Competition.Cheap Oakleys Knockoff Sale. But the agency decided Luxottica’s takeovers did not constitute a monopoly, Moiseyev says, because “it only accounts for 20 percent of the market, so it’s not the kind of volume that gives us cause for concern.”

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