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Luxottica retails its products through stores that it owns, predominantly LensCrafters, Sunglass Hut, Pearle Vision, Target Optical, and Glasses.com. It also owns EyeMed, one of the largest vision health insurance providers.
Sunglass lenses are made of either glass, plastic, or SR-91. Plastic lenses are typically made from acrylic, polycarbonate, CR-39 or polyurethane. Glass lenses have the best optical clarity and scratch resistance, but are heavier than plastic lenses. They can also shatter or break on impact.
Luxottica stopped carrying Oakley's products in their stores, including Sunglass Hut, and Oakley's stock market value declined 33%. In 2001, Oakley bought Iacon, Inc., operator of mall-based sunglasses stores Sunglass Designs, Sporting Eyes, and Occhiali da Sole.
Inflation has emerged as one of the most stubborn political problems for President Biden in his re-election campaign, and price growth hit a grim new milestone this week in a blow to the White...
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