Sticker shock: Why are glasses so expensive? 60 Minutes Luxottica

Sticker shock: Why are glasses so expensive?

One factor: the world’s largest eyewear company, the Italian firm Luxottica, controls a big chunk of the business.

Appearing:
Reporter: Lesley Stahl
Andrea Guerra, (Former) CEO – Luxottica Group SpA
Isabella Sola, Product Manager – Luxottica Group SpA
Mark Weikel, (Former) President – Lenscrafters
Brett Arends, Journalist – Smart Money.com

CBS News 60 Minutes
Producer: Shachar Bar-On
Originally aired on October 7, 2012 and Re-broadcast on June 15, 2014.

© 2012 CBS Interactive Inc. (http://www.cbs.com/)

Posted for entertainment and educational purposes only.
No copyrights infringed. All works property of the company listed above. Please do not reproduce without their expressed written consent.

Keywords:
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OAKLEY (http://www.oakley.com/)
OLIVER PEOPLES (http://oliverpeoples.com/)
PAUL SMITH SPECTACLES (http://www.paulsmith.co.uk/us-en/shop/eyewear)
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PRADA (http://www.prada.com/)
RALPH LAUREN (http://www.ralphlauren.com/)
RAY-BAN (http://www.ray-ban.com/usa)
STARCK EYES (http://www.luxottica.com/en/eyewear-brands/starck-eyes)
TIFFANY & CO. (http://www.tiffany.com/)
TORY BURCH (https://www.toryburch.com/)
VERSACE (http://www.versace.com/us/en-us/home/)
VOGUE EYEWEAR (http://www.vogue-eyewear.com/us)
DAVID CLULOW (http://www.davidclulow.com/)
GLASSES.COM
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ILORI – OPTICAL SHOP OF ASPEN (http://www.iloristyle.com/)
LAUBMAN & PANK (http://www.laubmanandpank.com.au/)
LENSCRAFTERS (https://www.lenscrafters.com/)
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Agordo, Italy
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Zenni Optical (http://www.zennioptical.com/(
39 Dollar Glasses (http://www.39dollarglasses.com/)
Frames Direct (http://www.framesdirect.com)
Coastal (https://www.coastal.com/)
Glasses Shop (https://www.glassesshop.com/)
VSP – Vision Service Plan (https://www.vsp.com)

Comments

ab c says:

so is there a quality difference if I buy a Prada sunglass made by Prada or made by Luxoticca? because I understands those brands aren’t making the sunglasses themself, they let them make by Luxottica. So if I want the brand itself has made it, I should buy it for example in the Prada boutique?

mehmet öztekin says:

Jay Genders says:

There is no reason,apart from lack of competition, for glasses to be so expensive. It is a deep gouge. So why not try zennii.com for your glasses. It’s a Chinese company who sell online. The quality and service is excellent. But most of all the price is low low low.

frank ertolacci says:

MONOPOLY like Health Care , Mainstream News , and the Secret State

Rocky Teare says:

Makes me glad I have 20/20. A bunch of bullshit!

luis hidalgo says:

la cosa nostra…

I'm not real Not real says:

I just got a pair of brooks brothers that were 160$ for the frame but insurance covered it along with the transitions and most of the crizal lenses

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