Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Luxottica company is own about 80 percent of eyeglass industry and also own most of the eyeglasses stores in America. Luxottica has also the medical

Luxottica company is own about 80 percent of eyeglass industry and also own most of the eyeglasses stores in America. Luxottica has also the medical insurance company.

Q1# Do you think Luxottica's actions should be regulated and changed in term of Anti Trust? since Luxxotica is dominating the industry. "There is no competition in the industry, not anymore,"

Warby Parker burst onto the scene in 2010 promising fashionable frames for a fraction of the cost of competitors. Its initial line of glasses sold for just $95, and profiles in fashion magazines quickly thrust the upstart Warby into the big leagues, and to number 14 on this year's Silicon Alley 100.

The company has tried to be many things at once: a low-price leader, a symbol for fashion and design, and certified benefit corporation, emphasizing its treatment of workers, the environment, and helping provide eyeglasses to the developing world. Warby Parker is one of the biggest retail success stories in recent years. It raised another $100 million of funding in April, in a round led by T. Rowe Price. Now it's opening more stores around the country and continuing its quest to be a true competitor to Luxottica, the Italian eyewear company that controls much of the industry.

Q2# In the age of companies like this, does it give you pause to reconsider (or reaffirm) your feelings expressed in question #1 above?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Morality And The Law

Authors: Roslyn Muraskin, Matthew Muraskin

1st Edition

013916958X, 9780139169588

More Books

Students also viewed these Law questions

Question

5. Explain how ERISA protects employees pension rights.

Answered: 1 week ago