Luxottica: A Global Eyewear Leader
Luxottica is an Italian company founded by Leonardo Del Vecchio in 1961. It is a global leader in eyewear design, manufacturing, and retail. Luxottica owns brands such as Ray-Ban, Oakley, and Costa as well as licensed brands including Prada and Chanel. It also owns over 7,000 retail stores including Sunglass Hut and LensCrafters. As a vertically integrated company, Luxottica controls most aspects of the supply chain. In 2016, Del Vecchio reclaimed executive powers after the departure of the CEO. Luxottica competes with Specsavers, Warby Parker, and national chains like Costco and Walmart optical departments. However, it continues to dominate the eyewear market through its brand portfolio, retail presence, and vertical integration. The 2017 Essilor merger further strengthened Luxottica’s industry position. While the monopoly raises prices for consumers, Luxottica maintains growth potential for owned brands like Costa.
Brands Owned by Luxottica
- Ray-Ban
- Oakley
- Costa
- Prada
- Chanel
Largest Eyewear Manufacturer
Luxottica is an Italian company founded by Leonardo Del Vecchio in 1961. It is the largest manufacturer of eye glasses globally. Luxottica owns brands such as Ray-Ban, Oakley, and Costa, as well as licensed brands including Prada and Chanel. It also owns over 7,000 retail stores including Sunglass Hut and LensCrafters. As a vertically integrated company, Luxottica controls most aspects of the supply chain. In 2016, Del Vecchio reclaimed executive powers after the departure of the CEO. Luxottica competes with Specsavers, Warby Parker, and national chains like Costco and Walmart optical departments. However, it continues to dominate the eyewear market through its brand portfolio, retail presence, and vertical integration. The 2017 Essilor merger further strengthened Luxottica’s industry position. While the monopoly raises prices for consumers, Luxottica maintains growth potential for owned brands like Costa.