Reuters: EssilorLuxottica Wins Antitrust Lawsuits Over Eyewear

A U.S. judge has dismissed consumer antitrust lawsuits against EssilorLuxottica, the parent company of Ray-Ban, according to Reuters. The suits alleged the eyewear giant monopolized markets for designer frames and prescription lenses, resulting in inflated consumer prices. U.S. District Judge Mary Kay Vyskocil ruled that the plaintiffs failed to demonstrate EssilorLuxottica's ability to control prices or restrict competition within the relevant markets. The judge also cited the plaintiffs' inadequate definition of the product markets as a critical deficiency in their antitrust claim. EssilorLuxottica has consistently denied the allegations, maintaining that it operates within a highly competitive industry.