Watching 60 minutes and it is doing a piece on Luxxotica. They are a sunglass manufacturer and supplier. Appears they own oakley, RayBan, Sunglass Hut and also the largest eye exam franchise company in the world. They own many other brands as well. They say since they took over Ray Ban the average price has went from $29 a pair to almost $169. Not a bad ROI.
wow. watching it too. impressive business model. they own the market
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Originally Posted by pickupman66
Smart business move. Own the brand names plus the retailers. So many other brands I could not list them all but I think its brilliant.
This is what happens when we have unbalanced trade. The money we spend on imported goods is being used to buy our country. It never ceases to amaze me the number of people who cannot put 2 and 2 together.
I can only show you the path...
It almost sounds like you disapprove.
IMHO: Nice Job!!! Now if others have half a sac they will make a similar climb. I'm glad to have a nice product line from a company that supports military/police, and employees tons of Americans!
How about WileyX? Solar Bat? those seem to be on the right track!
"All tyranny needs to gain a foothold is for people of good conscience to remain silent."
-Thomas Jefferson
Not exactly sure I understand your response. My point was very simple; I have no problem with companies US or foreign growing their market share up to a point. I have two issues here. First unbalanced trade and second artificial control of "free" markets. If you want to discuss either of those let me.
I can only show you the path...
MikeFloyd has a great point. No problem with free and equal enterprise, I do have a problem with the "home team" spotting the competition a winning margin. That's a very simplistic example, but true to the point. Our country was built into the greatest country the world has ever seen long before the government started "fixing" it to the point that our abilities and willingness to work hard no longer pay dividends.
If you dont like it dont buy any of their products.Its that simple.
If you had watched 60 minutes you would know why there are some concerns with this company. You really don't know that it is this company because their name appears on nothing. They are bullying the market by buying most of the top name retailers in this country, then refusing to sell other brands that they do not own! Now does it make sense? The company is an Italian company. It was reported that they have maybe $30.00 in some of the glasses that they produce and turn around and sell them for a huge profit here in the states. They have what is otherwise known as a monopoly, and it is at our expense.
well i own oakleys for a while they say made in the usa however i just couldnt find myself wearing two hundred dollars worth of plastic so i went with ray bans this time they have prescription grade crystal lenses and a metal frame but i am sad to say they are made in china. this company sounds like walmart for glasses
Last edited by turnerlittle; 10-08-2012 at 12:41 PM.
As long as they don't make my strike kings from Walmart i'm fine with them
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Thats a different Chinese company.As long as they don't make my strike kings from Walmart i'm fine with them
The company that owns Oakley now is Luxottica of Italy. Oakley would no longer be in business if it weren't for Luxottica. However, it is a bittersweet existence. Oakley was forced to be sold to Luxottica because Luxottica would ruin Oakley if Oakley did not play by their rules, which meant Luxottica owning Oakley. Luxottica also owns Sunglass Hut, Pearle Vision, Sears Optical and many more major names of sunglasses as well as major retailers. They can ask what they want for their products because the bottom line is if they don't own you or control you, they won't sell you! I'm really not complaining about this company, just informing the readers of what is occuring. I guess I know now where all the money comes from for Oakleys Big Bass tournaments! You guys keep buying those shades cause I really like the Oakley Big Bass tournaments and will continue to reep the benefits!
Its kind of like doing business with Wal Mart. They name their prices, and if you dont play by their rules you dont get the big orders.
I saw 60 min sunday nite. They let the cat out of the bag so to speak. As a guy that wears contacts and glasses I have said for years that the price for glasses is stewpid!! I mean is anyone really surprised that it cost little to nothing to make glasses?They are 98% plactic.! I have a pair of Wiley X and a pair or of strike kings I fish in. I have refused to pay these extemly high prices for sun glasses. My wileys were free with a purchase of a reel.It does sound like Luxotaca might be a good stock to have.
Point#1: I have a problem with 60 minutes
Point#2: If it only costs $30 to make a pair, then make huge profits, then the market will allow ANYONE to do the same and drive up competition.
Point#3: This product is at our expense ONLY IF WE CHOOSE TO PURCHASE THEM. Anyone can go to the local stop-and-rob or wal-Mart and buy a pair of $7 sun shades. Personally I prefer the service support, and quality of a nice pair of shades and will keep choosing to spend my money as I see fit. This isn't fuel or food we are talking about here.
We do not need to be saved from ourselves and we do not need to over-think how things should be. I have no problems at all with either brand or how they do business. I actually admire the model of good product, healthy profit, american workers, american made, and giving back to soldiers/law enforcement.
"All tyranny needs to gain a foothold is for people of good conscience to remain silent."
-Thomas Jefferson
Recently switched to Maui Jim's from Oakley. Never going back either, the Maui Jim's are awesome!
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i loved my maui titanium's a lot but i ended up losing them in a car accident and couldn't make myself pay the money i payed for them so i bought the oakley's which were $212 and were great for a year but the plastic lenses were badly srcatched i've had the ray bans for a year not a scratch since and they were $160 something i feel bad because they are made in china but who makes a decent crystal lens in the usa for the under 200 price range? i will buy there next if someone comes up with one that has good looking frames
This is the point.
Put out the planer boards!!!!!!!!!!!!!!!!!!!
I don't buy either. Now if they owned Costa it would be different for me
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