EssilorLuxottica scheme inflates prices of eyewear, suit says
Bloomberg
EssilorLuxottica
EssilorLuxottica is the “instigator and primary enforcer” of the price-fixing scheme in the US market, forming illegal agreements with Frames for America Inc., For Eyes Optical Co., and Oakley
EssilorLuxottica’s exclusive licensing and sales agreements with competitors have inflated the price of eyewear by as much as 1,000%, according to the complaint. EssilorLuxottica’s vision benefits subsidiary, EyeMed, has also formed anti-competitive agreements with thousands of eyecare providers to “channel millions of consumers into purchasing the conglomerate’s over-priced eyewear,” the consumers allege.
EssilorLuxottica didn’t immediately respond to an email seeking comment on the lawsuit.
The case is Fathmath v. EssilorLuxottica S.A., 23-cv-3626, US District Court, Northern District of California (San Francisco).
