Lawsuit Accuses Ray-Ban Maker of Inflating Prices 1000%

The French-Italian owner of the Ray-Ban and Oakley eyewear brands was sued for allegedly scheming with competitors to inflate prices by as much as 1 000%.

Paris-based EssilorLuxottica SA, the world’s largest eyewear company, is the “instigator and primary enforcer” of the price-fixing scheme in the US market, forming illegal agreements with Frames for America and For Eyes Optical, among others, according to the consumer antitrust complaint filed Friday in San Francisco federal court as a proposed class action.

The complaint also alleges that EssilorLuxottica’s vision benefits subsidiary, EyeMed, has formed anticompetitive agreements with thousands of eyecare providers to “channel millions of consumers into purchasing the conglomerate’s over-priced eyewear.”

Read the source article at News24