l{"id":1253664,"date":"2023-07-22T10:20:29","date_gmt":"2023-07-22T09:20:29","guid":{"rendered":"https:\/\/www.businesstelegraph.co.uk\/ray-ban-maker-accused-in-lawsuit-of-inflating-prices-1000\/"},"modified":"2023-07-22T10:20:29","modified_gmt":"2023-07-22T09:20:29","slug":"ray-ban-maker-accused-in-lawsuit-of-inflating-prices-1000","status":"publish","type":"post","link":"https:\/\/www.businesstelegraph.co.uk\/ray-ban-maker-accused-in-lawsuit-of-inflating-prices-1000\/","title":{"rendered":"Ray-Ban maker accused in lawsuit of inflating prices 1,000%"},"content":{"rendered":"<p> <script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\r\n<!-- newscabal uk text -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:inline-block;width:728px;height:90px\"\r\n     data-ad-client=\"ca-pub-8162386273903324\"\r\n     data-ad-slot=\"3688094655\"><\/ins>\r\n<script>\r\n(adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div data-brcount=\"12\">The French-Italian owner of the <a data-ga-onclick=\"Inarticle articleshow link click#Industry#href\" href=\"https:\/\/economictimes.indiatimes.com\/topic\/ray-ban\" target=\"_blank\" rel=\"noopener\">Ray-Ban<\/a> and Oakley eyewear brands was sued for allegedly scheming with competitors to inflate <a data-ga-onclick=\"Inarticle articleshow link click#Industry#href\" href=\"https:\/\/economictimes.indiatimes.com\/topic\/prices\" target=\"_blank\" rel=\"noopener\">prices<\/a> by as much as 1,000%.<\/p>\n<p>Paris-based EssilorLuxottica SA, the world\u2019s largest eyewear company, is the \u201cinstigator and primary enforcer\u201d of the price-fixing scheme in the US market, forming illegal agreements with Frames for America Inc. and For Eyes Optical Co., among others, according to the consumer antitrust complaint filed Friday in San Francisco federal court as a proposed class action.<\/p>\n<p>The complaint also alleges that EssilorLuxottica\u2019s vision benefits subsidiary, EyeMed, has formed anticompetitive agreements with thousands of eyecare providers to \u201cchannel millions of consumers into purchasing the conglomerate\u2019s over-priced eyewear.\u201d The consumers claim the unlawful collusion was concealed by an arrangement between the companies to keep the terms of their agreements from being publicly disclosed.<\/p>\n<p>EssilorLuxottica didn\u2019t immediately respond to an email seeking comment.<\/p>\n<p>About 20 other luxury eyewear makers were also named as defendants in the suit.<\/p>\n<p>The case is Fathmath v. EssilorLuxottica S.A., 23-cv-3626, US District Court, Northern District of California (San Francisco).<\/p><\/div>\n<p><script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block; text-align:center;\"\r\n     data-ad-layout=\"in-article\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-client=\"ca-pub-8162386273903324\"\r\n     data-ad-slot=\"7859258044\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><a href=\"https:\/\/economictimes.indiatimes.com\/industry\/cons-products\/fashion-\/-cosmetics-\/-jewellery\/ray-ban-maker-accused-in-lawsuit-of-inflating-prices-1000\/articleshow\/102036337.cms\">READ SOURCE<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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\u2019s largest eyewear company, is the \u201cinstigator and primary enforcer\u201d of the price-fixing scheme in the US market, forming illegal agreements with Frames for America Inc. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1253665,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_oct_exclude_from_cache":false,"footnotes":""},"categories":[22],"tags":[],"class_list":["post-1253664","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ray-Ban maker accused in lawsuit of inflating prices 1,000% - Business Telegraph<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/economictimes.indiatimes.com\/industry\/cons-products\/fashion-\/-cosmetics-\/-jewellery\/ray-ban-maker-accused-in-lawsuit-of-inflating-prices-1000\/articleshow\/102036337.cms\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ray-Ban maker accused in lawsuit of inflating prices 1,000% - Business Telegraph\" \/>\n<meta property=\"og:description\" content=\"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\u2019s largest eyewear company, is the \u201cinstigator and primary enforcer\u201d of the price-fixing scheme in the US market, forming illegal agreements with Frames for America Inc. 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