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

ABOUT
Luxottica Group S.p.A. is an Italian eyewear conglomerate and the world's largest company in the eyewear industry. It is based in Milan, Italy.

As a vertically integrated company, Luxottica designs, manufactures, distributes, and retails its eyewear brands, including LensCrafters, Sunglass Hut, Apex by Sunglass Hut, Pearle Vision, Target Optical, Eyemed vision care plan, and Glasses.com. Its best-known brands are Ray-Ban, Persol, and Oakley.

Luxottica also makes sunglasses and prescription frames for designer brands such as Chanel, Prada, Giorgio Armani, Burberry, Versace, Dolce and Gabbana, Miu Miu, and Tory Burch.

In January 2017, Luxottica announced a merger with Essilor. The combined entity would command more than one-quarter of global value sales of eyewear. In March 2018, the European Commission unconditionally approved the merger of Essilor and Luxottica. On 1 October 2018, the new holding company EssilorLuxottica was born, resulting in a combined market capitalization of approximately €57 billion.

60 Minutes is an American news magazine broadcast on the CBS television network. Debuting in 1968, the program was created by Don Hewitt and Bill Leonard, who set it apart from other news programs by using a unique style of reporter-centered investigation. In 2002, 60 Minutes was ranked number six on TV Guide's list of the "50 Greatest TV Shows of All Time", and in 2013, it was ranked number 24 on the magazine's list of the "60 Best Series of All Time".[4] The New York Times has called it "one of the most esteemed news magazines on American television."

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