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60 Minutes Luxottica Do you know who makes your glasses

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  • čas přidán 21. 02. 2016
  • Think RayBan and Chanel Sunglasses are still made of good quality? Watch the 60 Minutes piece on the optical industries empire, Luxottica. Revealing how Luxottica has cornered the industry buying up eyewear collections that use to be independent and converting them to mass produced glasses. Here is a list of Luxottica brands and retailers.
    Directly taken from their website:
    Luxottica Brands:
    Alain Mikli
    Armani
    Arnette
    Brooks Brothers
    Burberry
    Bvlgari
    Chanel
    Coach
    DKNY
    Dolce & Gabbana
    Emporio Armani
    Giorgio Armani
    Michael Kors
    Miu Miu
    Oakley
    Olivers Peoples
    Paul Smith Spectacles
    Persol
    Polo Ralph Lauren
    Prada
    Ralph Lauren
    Ray-Ban
    Starck Eyes
    Tiffany & Co.
    Tory Burch
    Versace
    Vogue Eyewear
    Retail Brands that you'd think are independent:
    David Clulow
    Glasses.com
    GMO
    Ilori
    Laubman & Pank
    Lenscrafters
    OPSM
    Pearle Vision
    Sears Optical
    Sunglass Hut
    Target Optical
    We at Spectacle Emporium, we outright refuse to sell anything from this company. Buy ethical. Buy independent. We are a small retailer with a focus of working with passionate frames manufacturers. Ask in-store for more details.

Komentáře • 584

  • @MindinViolet
    @MindinViolet Před 2 lety +352

    This guy has the confidence of the CEO of an unshakable monopoly.

    • @MCXL1140
      @MCXL1140 Před 2 lety +16

      He's got that super villain energy from a Bond movie.

    • @ArtimusDragon
      @ArtimusDragon Před 2 lety +10

      Definitely has that super villain vibe and totally creeps me out.

    • @juniorjohnson5961
      @juniorjohnson5961 Před 2 lety +1

      I'm wondering about Chinese competition

    • @charliesargent6225
      @charliesargent6225 Před 2 lety +5

      @@juniorjohnson5961 Italian brands have the reputation and aura of quality, desirability, exclusivity, Chinese just the opposite so until that changes no need for them to worry.

    • @sergejisd
      @sergejisd Před 2 lety +1

      @@charliesargent6225
      Hahaha! Since Luxottica bought it, Rayban glasses are made in China.

  • @wickedphant0m
    @wickedphant0m Před 3 lety +338

    That guy sounds like a freaking mob boss when he talks about the Oakley takeover. “They understood life was better together.” Yikes.

  • @JakeZeno
    @JakeZeno Před 2 lety +209

    The Friday Checkout viewers gonna bombard the comment section LoL.

  • @auliamate
    @auliamate Před 2 lety +114

    Who else is here from The Friday Checkout on September 10 2021?
    Making a tiny time capsule for this comment LOL!

  • @coolerjoel101
    @coolerjoel101 Před 4 lety +430

    The only thing this guy needs is a cat and he would be the perfect villain in a James Bond movie or a mission imposible.

    • @RERM001
      @RERM001 Před 2 lety +3

      Ethan, James, I have won.

    • @nathaniel1670
      @nathaniel1670 Před 2 lety

      John Oliver's joke? czcams.com/video/00wQYmvfhn4/video.html

    • @egyptjaguar9050
      @egyptjaguar9050 Před 11 měsíci

      You mean make him the villain from Inspector Gadget?

  • @arjunnkrishna
    @arjunnkrishna Před 2 lety +100

    I gave them an offer they can't refuse. “They understood life was better together.”

  • @mugabe2606
    @mugabe2606 Před 2 lety +22

    Happy Friday Checkout

  • @behzadanjom3281
    @behzadanjom3281 Před 4 lety +100

    ‘This should be seen by millions, not few thousands!

    • @sp1057
      @sp1057 Před 4 lety +5

      Indeed! It has been seen by millions on CBS News' CZcams channel.

    • @chalke007
      @chalke007 Před 3 lety

      its re uploaded and this is not real uploader

    • @dev1lm4n63
      @dev1lm4n63 Před 2 lety

      There are other videos about Luxottica monopoly with millions of views

    • @chshet
      @chshet Před 3 měsíci

      And what kind of difference would that make. The guy is right.
      People want to spend 400 dollars on a plastic frame with the word channel on it so it is worth 400 dollars.
      We all like to be a little different and luxury brands are about status not about quality.

  • @TheCottonboy76
    @TheCottonboy76 Před 2 lety +11

    that woman is wonderful, assertive, direct and knows perfectly what she wants

  • @anesbudiman
    @anesbudiman Před 3 lety +183

    This guy is straight some Bond's villain for sure

    • @orkzin
      @orkzin Před 2 lety +4

      But you must respect how calm and collected he is

    • @ivanttosuckyourblood
      @ivanttosuckyourblood Před 11 měsíci

      I wouldn't say that... It would be better for you to go along that Bond himself is the villain.

  • @jeysijeysi
    @jeysijeysi Před 2 lety +16

    I came here from The Friday Checkout. Damn.

  • @avus-kw2f213
    @avus-kw2f213 Před 2 lety +18

    I’ve been sent by the tech Tech Friday

  • @Maddie9185
    @Maddie9185 Před 2 lety +11

    Consumers have become aware of this and people are becoming smarter about their decisions.

  • @framboosmatroos9392
    @framboosmatroos9392 Před 2 lety +12

    The Friday checkout gang

  • @NightOwlNIGHTOWL
    @NightOwlNIGHTOWL Před rokem +52

    I worked for Luxottica. The quality of these glasses is no better than what youd find at the dollar store. About once every 3 months, we would fill a dumpster with perfectly good glasses, some still in cases. They wouldnt sell them at a marked down price. They trashed them to get money for them. And the managers are garbage. I was fired for getting injured at work. They dont give a rats ass about their employees.

    • @danielstoddart
      @danielstoddart Před rokem +6

      The section of this segment concerning Ray-Ban could be expanded to a full segment of its own. Look at what Luxottica did to Ray-Ban, a once high-quality American brand. Luxottica swooped in, cannibalized the brand and cheapened it while jacking up the price. How do I know? I have a pair of Ray-Ban Wayfarers from 1984 that I got in high school, and I still wear them today-and they look brand new. Not only the is the frame high quality zyl, but they have genuine Bausch & Lomb UV lenses that are glass, not plastic. They also-and this is crucial for any quality glasses-have heavy duty seven barrel hinges that are riveted, not glued on. Most Luxottica frames are cheap plastic, both the frames and the lenses, and they use cheap plastic spring hinges that are cheap to manufactuer but break very easily and don't last long. If we only lived in a just society with an FTC that had the power to break up mafiosi operations like Luxottica, the US consumer would get a fair deal on eyeglasses.

    • @keeler1160
      @keeler1160 Před 10 měsíci

      @@danielstoddart Do you have a model number or a way to look up those glasses?

    • @keeler1160
      @keeler1160 Před 10 měsíci +1

      Which luxottica did you work at?

    • @danielstoddart
      @danielstoddart Před 10 měsíci

      @@keeler1160 The model number is "B&L 5022."

  • @markfrost2707
    @markfrost2707 Před 2 lety +6

    I have 97 Ray bans SPOTLESS and they were from France and made by Bausch and Lomb. Cant get these babies anymore. Theyre FANTASTIC.

  • @PumpUptheJam81
    @PumpUptheJam81 Před 2 lety +14

    I own about 30 pairs of sunglasses and prescription glasses. The best built and best optics are the Maui Jim sunglasses, hands down. Now owned by Kering Eyewear.

    • @stevethebeeline44
      @stevethebeeline44 Před rokem +4

      100% Agree! And Maui Jim not owned by Luxottica, as you say owned by Kering Eyeware. One way to avoid the Luxottica monopoly.

    • @danielstoddart
      @danielstoddart Před rokem

      I'd also recommend Shuron, which is a made in the USA brand. Perhaps too traditional for some people, but they do have quality zyl, will install glass lenses, and most important of all they use riveted barrel hinges, not those awful cheap spring hinges that break constantly.

    • @darthhideous9084
      @darthhideous9084 Před 9 měsíci

      Ah yes, Maui Jim, the company that definitely didn’t totally rip off the Ray-Ban logo and its placement on their lenses...

  • @robertopezzutto5843
    @robertopezzutto5843 Před 2 lety +69

    The owner of Luxottica died a few weeks ago... He was a great man, he spent his childhood in an orphanage, started to work at 14 but since he was so clever his employer sent him to a design school... He worked hardly all his life , for his 80th birthday he gave all his employees, 180.000 people all around the world, some shares.. He was a humble, simple and clever person

    • @eugeniog.2719
      @eugeniog.2719 Před 2 lety +3

      Lo scaltro imprenditore dal 1961 al 1967 ha fatto intensamente ricorso al lavoro a domicilio nel paesino di Agordo e dintorni. In ogni casa di quel circondario in provincia di Belluno centinaia di lavoratori, per giornate che le otto ore le superavano ampiamente, senza alcun contratto di lavoro per buona pace dei sindacati e senza assistenza sanitaria, hanno contribuito all’accumulazione del capitale che ha consentito a Del Vecchio di fare grandi acquisizioni, grazie a una multinazionale che ha sostanzialmente il monopolio delle più grandi griffe di occhiali.
      Un’accumulazione di capitale piuttosto dura, fondata spesso sul lavoro delle donne e - si racconta - in alcuni casi dei minori. Una storia per alcuni versi simile a quella dei Benetton, che ricorda l’accumulazione originaria nel 1700 in Inghilterra, raccontata da Carlo Marx nel Capitale. Come spiega Marx per argomentare la nascita del capitalismo e la sua rapida ascesa, a differenza dell’epoca feudale, non c’è merce più preziosa della forza lavoro per accumulare ricchezza con rapidità, grazie a una enorme estrazione di plusvalore che nessun’altra merce produce.

    • @eugeniog.2719
      @eugeniog.2719 Před 2 lety +1

      A proposito di Del Vecchio, Gian Antonio Stella, grande conoscitore del suo Veneto, in un’intervista che rilasciò a chi scrive, sempre su SenzaFiltro, concordava con la diagnosi, forse irriverente, che quella distribuzione fosse un modo per risarcirli o ringraziarli.

    • @MARK-gp9hb
      @MARK-gp9hb Před 2 lety

      @@eugeniog.2719 cioè fammi capire, invece di scagliarti contro le vere aziende capitaliste, quelle americane, le multinazionali del web ecc, tu te la prendi con le nostre aziende, la Luxottica che è l'unica azienda Italiana che veramente dà del filo da torcere al resto del mondo, portando lavoro e prestigio all'Italia? Poi uno che nel 2022 sta a leggere Marx deve avere problemi mentali...

    • @eugeniog.2719
      @eugeniog.2719 Před 2 lety

      @@MARK-gp9hb Se tu sei un imbecille non è colpa mia. Se sei una bestia ignorante nemmeno. Se non sai leggere un articolo che spiega le origini di Luxottica non è colpa mia.

    • @calogerohuygens4430
      @calogerohuygens4430 Před 2 lety +4

      Cazzate 😁

  • @therobertfaulkner
    @therobertfaulkner Před 2 lety +14

    After working for LensCrafters for a few years. It was insane to see the price jumps. Customers spent 1000s of dollars with their flex-spending accounts for a couple or a few pares of glasses.

  • @immanuellasker4273
    @immanuellasker4273 Před 2 lety +147

    well as an Italian it kinda make me laugh: we live under US monopolies for pretty much everything, from beverages to computer operative systems. Congratulation to mr Del Vecchio for having been able to create a huge opportunity from a crap product. Chapeau!

    • @danieledaccardi3648
      @danieledaccardi3648 Před 2 lety +16

      Sono gelosi. Non li ascoltate.

    • @stefanocunietti5643
      @stefanocunietti5643 Před 2 lety

      Pieno di razzismo anche, basta leggere i messaggi… Addirittura tutto comparato alla mafia.

    • @sergejisd
      @sergejisd Před 2 lety +8

      Imitating them is not an excuse.

    • @tommasopesso1
      @tommasopesso1 Před 2 lety +1

      Ahahah so true

    • @ago1270
      @ago1270 Před 2 lety

      Is a China monopolies now, In America 90% of what you buy is made in China and Americans fatten the Chinese Communist Party which has always ruled China with an iron fist. Washington is not ashamed of its sins because politicians sell themselves to the highest bidder!

  • @crosca82
    @crosca82 Před 4 lety +88

    I'd like to see her doing a material about America’s Global Weapons Monopoly.

    • @NoMoreMrNiceGuy223
      @NoMoreMrNiceGuy223 Před 4 lety +6

      Cristiano Roscaldo i do agree with you although it is not a monopoly since russia and china are competing as wel!

    • @CrisisHedgehog
      @CrisisHedgehog Před 3 lety +9

      @@NoMoreMrNiceGuy223 Let us not forget France.

    • @cosminhtn
      @cosminhtn Před 2 lety +1

      Yep! This is their game - capitalism.

    • @mattiabolondi9864
      @mattiabolondi9864 Před 2 lety +1

      And Microsoft, and Intel, and Amazon, ...

  • @zivkovicable
    @zivkovicable Před 2 lety +9

    The monopoly is being slowly broken here in London at least, where there are several independent outlets who manufacture their own frames to a higher standard & lower price than branded Luxottica frames.They are not hard to find online, however they have nowhere near the marketing muscle of the big fashion brands.

  • @thelegendaryllchannel
    @thelegendaryllchannel Před 2 lety +32

    This guy it’s sharp with his words. True salesman.

    • @hollowman1
      @hollowman1 Před 10 měsíci

      There's a difference between a good salesman, which I respect, and the lying scumbag.

  • @rp3741
    @rp3741 Před 2 lety +7

    I bought Coach eyeglasses at Lenscrafters for almost $500 thinking they would be more durable. The side broke within a month and they are scratched even after paying extra for anti scratch. Took them to the store and the guy told me too bad, nothing they can do. Went to another lady in the store and she told me about sending them to "Luxottica" but that people didn't know about or use that option much and the first guy had never heard of it. They did fix the side only quickly, but I will never buy from Lenscrafters again. Ones I've bought from Walmart are still going strong with zero scratches and held up much better.

    • @brendal7530
      @brendal7530 Před rokem +1

      That’s because they aren’t “anti-scratch” the correct term is scratch resistant. If someone is using the word anti-scratch they are rookie Opticians.

  • @seywut9884
    @seywut9884 Před 3 lety +45

    Luxottica "illusion of choice" eye wear monopoly
    _$20 at cost, $150 retail

    • @danieledaccardi3648
      @danieledaccardi3648 Před 2 lety

      I would have lived to see if it was an American brand if this report was made the same way. Which names do you want?

    • @a.b.6233
      @a.b.6233 Před 2 lety +3

      What about other things? When you spend $150 for a pair of Levis jeans, how much do you think they cost making? And how much do you think the workers got paid for making them in Bangladesh? How much do you think a $1000 iphone costs to be made in China?

  • @sashamoser9431
    @sashamoser9431 Před 3 lety +40

    Buying out Oakley is not a theory---that's what you did.

    • @orkzin
      @orkzin Před 2 lety

      And yet the guy seems harmless

  • @erashade
    @erashade Před 2 lety +16

    thanks to tech altar for sharing this masterpiece of information and thanks to the spectacle emporium too

  • @kweizi5712
    @kweizi5712 Před 2 lety +9

    It's a fashion item for some. The brand on it is what you are paying. Not that different from other clothing items many are willing to pay a premium just so they can show off.

  • @ChromeMan04
    @ChromeMan04 Před 3 lety +60

    Holy shit they own everything!

    • @lookingforsomething
      @lookingforsomething Před 2 lety +5

      Welcome to late stage capitalism. Same goes for Disney, Google, Apple Facebook and Amazon. Top three richest people in the world own as much as the bottom 3 billion. We need to tax the rich and help the poor.

    • @cooltwittertag
      @cooltwittertag Před 2 lety +1

      They probably own you too!

  • @judethaddeus9856
    @judethaddeus9856 Před 2 lety +5

    I used to be a store manager at Sunglass Hut, Luxottica designed our brands too

    • @ayokz8344
      @ayokz8344 Před 2 lety +2

      i still work here at the luxxotica agordo

  • @francescom1514
    @francescom1514 Před 2 lety +28

    The journalist should even investigate about. Apple, who produce the their electronics and sell themi at hyperbolic prices in their stores. But being an Amrican firm. that's ok.
    The shame is that an Italian company bought an American brands , that's unforgivable.
    I really can't stand this type of journalists who want to look "Consumers defender" just once a week.

  • @oswjim
    @oswjim Před 2 lety +5

    luxottica made Oakley an offer they couldn't refuse

  • @MartinHernandez-xr8qn
    @MartinHernandez-xr8qn Před 2 lety +4

    "And when Mr. Bigglesworth get's angry, people die!" - Dr. Evil 😂

  • @KingNachos4
    @KingNachos4 Před 2 lety +8

    This is an amazing documentary 🤣🤣

  • @gianlucaspinato9817
    @gianlucaspinato9817 Před 2 lety +33

    I mean, Chanel glasses would be expensive regardless of who manufactures them, and many luxury brands exploit cheap labour. Luxottica is a solid firm which treats their employees very well, they just simply managed to become a monopoly the same way American firms dominate most markets.

    • @sergejisd
      @sergejisd Před 2 lety +3

      Imitating them is not an excuse.

    • @gianlucaspinato9817
      @gianlucaspinato9817 Před 2 lety +8

      @@sergejisd imitating? that's not what they do. They are paid by these firms to manufacture their glasses, the same way they would outsource that process to someone else in another country, and this is all transparent

    • @sergejisd
      @sergejisd Před 2 lety +3

      ​@@gianlucaspinato9817
      You said yourself that "they just simply managed to become a monopoly the same way American firms dominate most markets." That's imitating. Read your comments before posting them. And btw, Ray Ban is owned by Luxottica.

    • @gianlucaspinato9817
      @gianlucaspinato9817 Před 2 lety +5

      @@sergejisd they own Ray Ban and they manufacture glasses designed by other companies. They are not a monopoly because they imitate, but because they both manufacture and sell these glasses since they bought retailing chains. It cannot be an imitation because, for example, Chanel designs the glasses and pays Luxottica to manufacture these goods, retaining an agreed share of the profits. Imitation, fully legal, is more what Zara and H&M do by studying fashion trends and designing their own clothes accordingly.

    • @sergejisd
      @sergejisd Před 2 lety +3

      @@gianlucaspinato9817
      You said it yourself. Re-read what you wrote. Amazon does the same. Grow up.

  • @vanessakonopacki7955
    @vanessakonopacki7955 Před 3 lety +23

    And now they do make lenses as they merged with the largest lens manufacturer and are now EssilorLuxottica. So now not only do they set pricing for most of the frame market, but the optical lens market as well.

    • @peytoncrosby5892
      @peytoncrosby5892 Před 3 lety +1

      I make lenses for luxottica lmao

    • @a.b.6233
      @a.b.6233 Před 2 lety

      Prices are set by the customer, you can buy Luxottica glasses for cheap if you want to, but guess what, people prefer to buy the more expensive ones, especially women. The same can be said for shoes and clothes.

    • @xzn1989
      @xzn1989 Před 2 lety

      Good

  • @NoMoreMrNiceGuy223
    @NoMoreMrNiceGuy223 Před 4 lety +25

    Why are people offended by this? What do you think happened when wallmart or cosco or any retail giant came to your neighborhood back in the day? Everybody complaining here, check your browser history. 80% of you will have amazon in there. People are so easy to comment without thinking!
    What I’m seeing is a Italian company living the American dream!

    • @evanroden2225
      @evanroden2225 Před 3 lety +6

      Amazon doesn't set the prices and has competition. If I want to buy a stuffed bear, I can go to Amazon or my local toy store or Walmart or any other companies. Walmart doesn't have an 80% market share, nor does Amazon.

    • @NoMoreMrNiceGuy223
      @NoMoreMrNiceGuy223 Před 3 lety +4

      Evan Roden your missing the point, this is the maximum a company can obtain in a capitalistic reality, where they control the market from production to retail. There is nothing more after that. This is the max a company can do. Microsoft did a good job at it, but if you really wanted you could by a Mac or Linux? Not for it/not against it but that’s the essence.
      Brewery’s in the UK and Holland do the same thing. Over the years they bought a majority of the pubs and inns. They would lease the pub on the condition that all beverages and beer would be supplied by the brewery and sister companies.

    • @evanroden2225
      @evanroden2225 Před 3 lety +8

      @@NoMoreMrNiceGuy223 This is absolutely a monopoly, and should be regulated as such. There's a reason Microsoft wasn't allowed to produce their own hardware when they held a near-monopoly on computer software.

    • @NoMoreMrNiceGuy223
      @NoMoreMrNiceGuy223 Před 3 lety +3

      Evan Roden there are plenty of brands that are not luxotica and with e-commerce the market is open. Also, instead of the bigger glasses stores owned by luxotica try the smaller independent stores. They can sell whatever brand they want.

    • @evanroden2225
      @evanroden2225 Před 3 lety +2

      @@NoMoreMrNiceGuy223 Most people don't buy glasses, but get them through insurance, so we can't shop around. We have to go to an in-network optician for the test, frames, and lenses.

  • @BlckCloud73
    @BlckCloud73 Před 2 lety +33

    I'd like to say there's no difference between the cheap glasses and the more expensive ones, but I've worn glasses almost my entire life and I've noticed that the more expensive frames are way more durable and have a "heavier", more sturdy feel. The lenses (prescription) also don't scratch as easily and if they're tinted, the tint just seems more even. They're still way over priced, but they are higher quality.

    • @ayrtonvillalobos4213
      @ayrtonvillalobos4213 Před 2 lety +2

      You totally contradict yourself in this comment man, go back and read the whole paragraph and tell me you didn’t start by saying that cheap glasses and expensive ones are the same and then you moved on to saying “but still are high quality” 🤦🏻

    • @BlckCloud73
      @BlckCloud73 Před 2 lety +17

      @@ayrtonvillalobos4213 No, you just have a hard time with english.

    • @ApriliaRacer14
      @ApriliaRacer14 Před 2 lety +1

      And they are not affected by hair products as much.

    • @marekantonini5909
      @marekantonini5909 Před 2 lety

      Of course cheap glasses may look similar but they are not at all. as an optician I tell this becareful exspecially with cheap or plastic lenses, and there is a very good reason for that.

    • @danieledaccardi3648
      @danieledaccardi3648 Před 2 lety

      Of course. Those are well made glasses, it is not just cheap plastic as the journalist claims. It's just jeaulosy.

  • @DarkOracleOfDeath
    @DarkOracleOfDeath Před 2 lety +11

    Why's everyone complaining? The guy's right, they're worth as much as people are willing to pay for them. When I buy sunglasses, I pick Chinese copies that are worth $5.00.
    If you're gonna pay more for the brand, it's your fault.

  • @TheDotYT
    @TheDotYT Před 2 lety +26

    This man is a creepy ass genius 😲

  • @brian1988
    @brian1988 Před rokem +4

    He's the Mr. Burns of the eyeglass industry.😂

  • @iharshchauhan
    @iharshchauhan Před 2 lety +8

    Luxotica reminds me of Bbk electronics, overall same strategy.

    • @dolapomabinuori
      @dolapomabinuori Před 2 lety

      No, it's different

    • @bloodwargaming3662
      @bloodwargaming3662 Před 2 lety

      Are you out of your mind or high crack bbk is the total opposite bcz of them today everyone is getting very good phones at 200$ otherwise which would have been atleast 400$ . Especially in my country of India .

    • @bulletpunch9317
      @bulletpunch9317 Před 2 lety +1

      @@bloodwargaming3662 nah, xiaomi.

  • @MassimilianoBiagetti
    @MassimilianoBiagetti Před 2 lety +3

    This is an Italian monopoly as USA has monopoly of social media, search engine, microchips ecc.

  • @chriss4959
    @chriss4959 Před 3 lety +23

    I paid $12 for a pair of stylish glasses at Target which still has a UV-rating on it. I could have bought a basic one for $8.

    • @bloodwargaming3662
      @bloodwargaming3662 Před 2 lety

      Iam from India where the per capita income is 2,000$ and a pair glasses with lens for my specs was 50$ after conversion I bought it from RayBan . My parents are rich enough to afford that but still why ?

    • @frafstet3835
      @frafstet3835 Před 2 lety

      Do you know that target eyewear is Luxottica?

  • @andy.8444
    @andy.8444 Před 2 lety +8

    Who came from the friday checkout?

  • @deepakroundal468
    @deepakroundal468 Před 2 lety +16

    Wow.
    Love the confidence and answers of that CEO

  • @fabriziocamisani5477
    @fabriziocamisani5477 Před 2 lety +23

    I have a hard time understanding the angle and the tone of this report. Aren't Americans supposed to be fierce capitalists? Or does that apply only to American companies? What business do they have asking a company for their mark-up? You find their glasses exceedingly expensive? Buy Chinese. Oh, no, wait.....

    • @mstrikesback168
      @mstrikesback168 Před 2 lety +4

      monopolies are the issue. Didnt seem right how they treated Oakley. Put them out of business because they disagreed.

    • @triplegggg8398
      @triplegggg8398 Před 2 lety +10

      @@mstrikesback168 Caterpillar does this constantly with small European businesses. It's the way capitalism works. It looks to me that for Americans monopolies aren't good if the company isn't american....

  • @MyHalcyonDaysAreHere
    @MyHalcyonDaysAreHere Před rokem +1

    Mr. del Vechio could have easily told the interviewer, "You do understand I can't let you leave the building alive". ;⁠-⁠). He really exudes that villainous demeanor, with matching accent ! ;⁠-⁠)

  • @denniswilliams4789
    @denniswilliams4789 Před 2 lety +10

    I have never seen an interviewer so seemingly oblivious to the concept of licensing . No doubt she would be shocked to see how many designer fragrances are made at the same company thru licenses. Bedding, furniture, eyeware, fragrances, housewares...ready to wear , different price point auxiliary clothing labels... all licenses . Frequently the only product a name design house actually makes is the premium clothing. An ad for the brand. Everything else is a license with varying degrees of input and control. Licensing the name is the cash cow.

    • @letinena81
      @letinena81 Před 2 lety

      She is also unaware of the concepts of brand value and of brand equity. And the difference between being a manufacturer and being a brand. Like she is very ignorant.

    • @maximmall8228
      @maximmall8228 Před rokem

      and she s happy and wont challenge her boss buying her a thousands dollars jewelry

  • @bachisio2140
    @bachisio2140 Před 2 lety +26

    If the man from Luxottica had been a US American, he would have been celebrated as another praiseworthy example, a champion of a self-made man. Another ideal American who has worked hard and made the American dream come true again. But being an Italian (could have been any other nationality I suppose, different from the interviewer's obviously) he is transformed into a sort of villain. Why didn't Chanel, Dior, Ray Ban and all the other brands go to find help to a cheap Chinese company for their precious eyeglasses? By this time, they would have disappeared from the market. Do you still think that Bulgari, Versace and many other famous Italian brands are still Italian? Go and check out. This is part of what they call the global market. Sorry if the USA is not so competitive once in a while... it may happen that someone else can work better in their own country than in America. Oh, by the way why do American people continue to call some brands of cheeses 'Parmiggiano Reggiano' when they have obviously nothing to do with the real 'Parmeggiano Reggiano' and taste so awful? Go and ask your compatriots... This is villain!

  • @terikline748
    @terikline748 Před 2 lety +4

    What I do know is not to believe one word out of thus women's mouth!

  • @Viviko
    @Viviko Před 3 lety +14

    Holy shit. Teach me how to conquer the world like this. :)

  • @paulstein9258
    @paulstein9258 Před 2 lety +2

    Got Maui Jim non prescription sunglasses at Costco last year. MSRP $ 300. Paid $ 100 at Costco. Good for driving. They do a a better job with glare.

  • @DaveJuan72
    @DaveJuan72 Před 3 lety +8

    “The Romans are conquering!”

  • @miahdiaz4410
    @miahdiaz4410 Před 5 měsíci +1

    she goes and shows the complete handmade labor intensive process of glasses by hand inserting crystals and threading leather and all and she asks why glasses are expensive it’s lowkey insulting

  • @vedaryan334
    @vedaryan334 Před 2 lety +3

    That was a great video .

  • @sillilittlecat
    @sillilittlecat Před 2 lety +3

    Great documentry

  • @ludvikjerabek
    @ludvikjerabek Před 2 lety +4

    I’ve known this for a long time and the consumers are completely screwed.

  • @MrLiviooo
    @MrLiviooo Před 2 lety +9

    He's not a villain, he sniffed the opportunity of the market, he had the strategy and jumped out in front of success.
    Just look how beautiful it handled the difficult questions, this is master class on day to day life,evolving in that direction, avoiding irritations and violence...
    Do not be obtuse
    Shop only from small retailers just because this guy owns almost the entire market,if you find something who fit your taste, or gives you a new taste, why not?

  • @thedude9014
    @thedude9014 Před 2 lety +1

    well they might be expensive but still cost less than a insuline shot in the US.

  • @seniorsecondarynps5462
    @seniorsecondarynps5462 Před 2 lety +6

    Who came here after tech altar video

  • @annonymouswithnoname
    @annonymouswithnoname Před 3 lety +11

    Yea.. right… what’s wrong? It’s a free world… they won 🤷‍♂️ Good business… well done. Dream of every world company

    • @asideofaioli4630
      @asideofaioli4630 Před 2 lety +7

      It's practically a monopoly, that's the problem. No one cares that they are successful. Of course being successful is the dream. Being a monopoly & consolidating an entire market ISN'T. Because it means consumers have no where else to go, so that monopoly can take advantage with nothing stopping them. Same with a totalitarian government, it's not okay to have complete control so that citizens/consumers are pigeonholed into whatever that govt/organization decides. Unless you wouldn't mind living in north Korea... Yeah, it's hyperbolic, but it gets the point across just the same. The people should have options, agency in their decisions. But if a company owns the entire market, then you as a consumer are at the complete whim of whatever the hell that company decides.

    • @mstrikesback168
      @mstrikesback168 Před 2 lety +1

      @@asideofaioli4630 Yep. Now look at news companies & food companies. Thats a monopoly of about 5 companies. The illusion of choice.

    • @charliesargent6225
      @charliesargent6225 Před 2 lety

      @@asideofaioli4630 You say the same about Facebook, Twitter who are monopolized by LIBERALS and shut out opposition views and commentary, helped elect an incompetent and changed the WORLD??? These are just glasses DUDE.

  • @aidanhodgesmusic5257
    @aidanhodgesmusic5257 Před 3 lety +11

    7:56
    The most BS answer Ive ever seen.

  • @BuckNaked2k
    @BuckNaked2k Před 2 lety

    I love my Persol Steve McQueen's!

  • @ralph4eva
    @ralph4eva Před 2 lety +2

    And wouldn't you know a few months after this interview went live, Luxottica announced their decision to voluntarily delist from New York stock exchange!

  • @movievaudeville
    @movievaudeville Před 2 lety +8

    I moved to buying online and haven't looked back. The eyeglass biz is a scam when buying these brands in a store. The coatings cost is also a scam. I've gone from paying over $600 for a pair of glasses to $89. They actually hold up better, the expensive lenses scratched easily and these don't, and I get complements just the same. Never going back to the ripoff folks.

    • @Alainesteph
      @Alainesteph Před 2 lety

      Can you please share the websites your shop online at?

    • @shortybeck6901
      @shortybeck6901 Před rokem +1

      @@Alainesteph I'm not the person you asked, but check out Zenni Optical and EyeBuyDirect.

  • @sam99cooldude
    @sam99cooldude Před 2 lety +5

    that ceo seems like a evil corporate genius

  • @TheChimples
    @TheChimples Před 2 lety +20

    I mean sometimes we have to admit that a company has made all the right moves and is succeeding. The fact that their competition was incompetent isn't their fault.

  • @raulcolon9682
    @raulcolon9682 Před 2 lety +1

    Great information! Thanks!

  • @yurigallegos8980
    @yurigallegos8980 Před 2 lety +1

    the world looks through the eyes of luxottica.

  • @Musicalpa
    @Musicalpa Před rokem +4

    It's utterly shameful how eye glass frame and lens manufacturers are exploiting people through their medical needs. The need to wear glasses isn't a luxury by any measure, and those who "need" to wear glasses should be taken care of not for profit but to help them without breaking their bank account. Utterly shameful!

  • @4TheLoveOfThese2Eyes
    @4TheLoveOfThese2Eyes Před rokem +1

    Well... this just makes me *_extra happy_* that I've never had or needed glasses!🤩😌👀😳😍😇

    • @edwinramirez4508
      @edwinramirez4508 Před rokem +1

      You've never had sunglasses?

    • @4TheLoveOfThese2Eyes
      @4TheLoveOfThese2Eyes Před rokem

      @@edwinramirez4508 No, not even those!😇My naked eyes 👁👁are brown, so I don't need sunglasses! Good UV protection in my naked eyes!👀😍

  • @todd9391
    @todd9391 Před 2 lety +2

    Private companies make glasses using federal bureau of prison inmates, pay them 50 cents an hour, then sell them back to the feds for top dollar. They also have unicorp in prison and they do the same thing with office furniture. A chair costs about 50 to make then they sell them back to the feds for 1200.00

  • @jeromelombardo6053
    @jeromelombardo6053 Před 2 lety +4

    You can get some good discounts at sunglass hut...for instance I bought a pair of TIFFANY sunglasses that was last year model they were 465.00 I bought them for 105.99 so my point is you do not have to pay full price.

  • @katieb5413
    @katieb5413 Před 2 lety +3

    How is this all legal?

  • @BC08
    @BC08 Před 2 lety +3

    If you’re looking at classic Ray-Bans then give Randolph Engineering and American Optical a shot.
    Independently owned, made in the USA, and much higher quality.

    • @chrisfournier6144
      @chrisfournier6144 Před 2 lety +1

      I checked them out. Much higher price as well! But if the quality is superb…

    • @BC08
      @BC08 Před 2 lety

      @@chrisfournier6144 Randolph has the highest build quality of any metal framed sunglasses I’ve ever seen. The lenses are exceptional as well.

    • @chrisfournier6144
      @chrisfournier6144 Před 2 lety +2

      @@BC08 I don’t doubt that! Persol has been my go to for several years. Bought up by the Borge but run independently.

  • @Mezelenja
    @Mezelenja Před 2 měsíci

    Ahe was cookinh the 2nd dude lmaooo

  • @g.b.5206
    @g.b.5206 Před 2 lety

    Honda has 20 different cars so you buy the style that you like, most of racing bikes are made by one manufacturing in Taiwan but people buy the street bikes that they likes,

  • @catblue7065
    @catblue7065 Před 3 lety +5

    Just bought a pair of Versace glasses today! It’s the way they look and how they make us feel. So I paid for the bold and bling preferred. Good thing I usually get min of 5 years out of everyday glasses.

    • @cooltwittertag
      @cooltwittertag Před 2 lety +3

      But they could also look and make you feel but still have everyday competitors that offer a good quality if this bond villain didn't take them all. It's the same thing as Mercedes owing all car brands and only selling luxury cars and entry cars at luxury prices.

    • @mstrikesback168
      @mstrikesback168 Před 2 lety +1

      @@cooltwittertag sad isnt it? But these days of mega monopolies are finally coming to an end. Stick around, 2022 is gonna be an interesting year.

  • @g.v.9487
    @g.v.9487 Před 2 lety +2

    Where is the problem ?? They can also sell Prada glasses for € 1800. The answer is that I went to Sunglasses Hut anyway and I bought my glasses ...... from € 20 !!!!!😃😃😃😃
    Buy Ethical !!!! NO APPLE....... NO MICROSOFT.... NO NIKE......and many other

  • @danielesbordone1871
    @danielesbordone1871 Před 2 lety

    If people continue to get caught up in all the bullcrap , prices are going to stay skyhigh. This is one situation where Chinese competition is needed.

  • @vedaryan334
    @vedaryan334 Před 2 lety +3

    So you're saying you had to go to blind dates?

  • @TitanicTruths
    @TitanicTruths Před 3 lety +2

    Who came here from the Adam (Emily) Ruins Everything clip?

  • @SilverWatcher.
    @SilverWatcher. Před 3 lety +2

    My 100$ frogskins and 200$ turbine rotors oakley . 2 Oakley vault cases. And Oakley cleaning kit lol

  • @davidkopec9442
    @davidkopec9442 Před 2 lety +1

    Dana Carvey needs to play this guy in his biopic.

  • @davidmeier8860
    @davidmeier8860 Před 2 lety +14

    Was this actually a story? "How was Oakley suppose to sell sunglasses if they can't be in Sunglass Hut?" Sounds like an Oakley problem, not a Luxottica problem.

    • @MrCROBosanceros
      @MrCROBosanceros Před 2 lety

      Exactly!

    • @a.b.6233
      @a.b.6233 Před 2 lety +3

      Yes, it's like saying Chrysler demands to sell its cars through the Ford dealership network because it doesn't want to develop its own, but at the same time doesn't want to pay Ford a commission.

    • @JonatasAdoM
      @JonatasAdoM Před rokem

      Why is it Standard Oil's fault other oil companies can't sell their oil, because Standard Oil controls the railways right?
      It's the oil companies' fault!

    • @a.b.6233
      @a.b.6233 Před rokem

      @@JonatasAdoM Not really, if you want to sell a product you can open your own store or, if it's too expensive, you can use somebody else's store to sell your stuff at a commission.

  • @alibuffow2408
    @alibuffow2408 Před rokem

    “Everything’s worth what everybody is trying to pay”

  • @farihachoudhury6997
    @farihachoudhury6997 Před 3 lety +5

    is Luxottica monopoly

  • @trolley4388
    @trolley4388 Před 2 lety +2

    Apple does the same and it’s ok for you.

  • @Hehehehhehehehehehehehhe78

    This is why i buy vintage ray bans

  • @brewster102
    @brewster102 Před 2 lety +4

    Just bought a pair of "Ozark Trail" polarized sunglasses at Wallyworld for $ 4.89-- seem like they work pretty good to me.

  • @cocoUadore916
    @cocoUadore916 Před 3 lety +6

    Ahhhh ...... I love working for Lux ❤️

  • @lewismercy4133
    @lewismercy4133 Před 2 lety +1

    Most expensive glasses are made in Asia and labelled in Italy.

  • @risalat_hasan
    @risalat_hasan Před 2 lety +3

    Facebook of glass industry

  • @jeffreyadams648
    @jeffreyadams648 Před 2 lety

    I’ve a little shop, family owned, in via Solferino, Milan.

  • @emsly4856
    @emsly4856 Před rokem

    ''THEY UNDERSTOOD THAT LIFE WAS BETTER TOGETHER '' 🤣🤣🤣🤣

  • @joelwycoco1791
    @joelwycoco1791 Před 7 měsíci

    That is madness having pair of glasses more than a price of a tablet

  • @sandystephanian7676
    @sandystephanian7676 Před 2 lety

    Interesting. I went to Lens Crafters yesterday. Of course, they are out of network with VSP. They wanted over $600 for prescription Ray Bans. It's bullshit.

  • @triplegggg8398
    @triplegggg8398 Před 2 lety +4

    Americans think monopolies are great when the monopoly companies are owned by Americans. Otherwise isn't good...

  • @yvetteb1061
    @yvetteb1061 Před 4 lety +17

    I just paid 625.00 for lenses and Rayban frames. I regret it.

    • @jeliman13
      @jeliman13 Před 4 lety +1

      ajajajaj :(

    • @TheSpynerd
      @TheSpynerd Před 3 lety +2

      you thought they were Americans right? Because if the company was american you were already screaming the american dream

    • @Miami-do3dn
      @Miami-do3dn Před 3 lety

      mmmm.... I got Rayban frame 0rx8901 with polycarbonate progressive lenses, AR + transition...paid 287.00 after discount & insurance at Target Optical.

    • @hilal_younus
      @hilal_younus Před 2 lety +4

      @@TheSpynerd no, I’m pissed because I don’t want to get ripped of my hard earned money, Would you pay $20 on just 250ml water bottle? I wouldn’t…

    • @luigichierico2321
      @luigichierico2321 Před 2 lety

      @@hilal_younus You chose it, as they said there is Walmart and other cheap unbranded option.