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Thread: Luxottica has no longer been required to comply with the reporting obligations ......

  1. #1
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    Blue Jumper Luxottica has no longer been required to comply with the reporting obligations ......




    Why has the US Government allowed Luxottica to create a Monopoly in the Glasses market?



    The short answer is Lusottica is not a US company – as a company operating in the US and being listed in the US it should comply with US rules, they have recently delisted. In any case it’s not really a monopoly – at all.

    “The global eyewear market size was valued at $102.66 billion in 2015 (reaching $163 billion in 2023). The increasing dependence on electronic gadgets such as mobile phones, television, and computers has led to eyesight problems resulting in the purchase of more eyewear products. The rise in the number of optical deficiencies and growth in the elderly population is expected to augment the eyewear market growth.” Grandview Research
    Luxottica is a vertical company, it designs, manufactures, distributes and retails its eyewear brands. In 2017 the company has posted 9 billion Euro in sales. So it would be fair to say that they don’t have even 10% of the market share.
    But:

    The company recently merged with one of the largest lens manufacturers in the world - Essilor which in turn will create a “$50 billion industry behemoth.” France-based Essilor has a 45% share of the prescription lenses market and an estimated 15% share of the sunglasses and reading glasses markets.”
    And while this will change the dynamic considerably that would bring them to around 50% of the market share at this time. Which they may or may not be able to keep expanding in the years to come unless smaller prescription eyeglasses companies are able to adequately gain market share.

    “The two companies were worth a combined €46.3 billion, based on their market capitalization at the end of trading on Friday, making the deal one of Europe’s largest cross-border transactions.”


    The retail brands they own (notice Eye Med is an insurance provider)

    In 2017, the Company initiated and concluded the de-listing procedure from the New York Stock Exchange (NYSE), on which it was listed until June 16, 2017. Since this date, Luxottica has no longer been required to comply with the reporting obligations imposed on publicly registered companies under U.S. law.

    See all of it:

    https://www.quora.com/Why-has-the-US...Glasses-market

    Last edited by Chris Ryser; 01-09-2019 at 04:12 AM.
    Chris Ryser
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    http://optochemicals.com............................. http://arcoatings.com

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    And they will continue to grow and gain market share. Chris, if you were to step back for a minute and pretend you were in a different industry and only a share investor in optical...you would certainly agree they have 'vision' (no pun intended) and appreciate their efforts to protect their investments ( = your share value).

    Not just because of their size, they are really the only company out there that is capable of achieving these results. The problem is being on the other side of the coin we feel too emotionally attached and feel like the small fish in the big pond.

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    they are really the only company out there that is capable...........................

    Quote Originally Posted by Lab Insight View Post

    And they will continue to grow and gain market share. Chris, if you were to step back for a minute and pretend you were in a different industry and only a share investor in optical...you would certainly agree they have 'vision' (no pun intended) and appreciate their efforts to protect their investments ( = your share value).

    Not just because of their size, they are really the only company out there that is capable of achieving these results. The problem is being on the other side of the coin we feel too emotionally attached and feel like the small fish in the big pond.

    Lab Insight...................................you are totally right in what you are saying.

    However there is also some truth in the saying that " big fish eat small fish" and has become a living fact as far as I can see.
    Chris Ryser
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    http://optochemicals.com............................. http://arcoatings.com

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    And I'm sure will continue and become the norm. It's happening in all other industries also with pharma leading the charge.

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    Corporate failures are an integral part of America’s dynamic free enterprise system, where competition from similar and alternative products, and market saturation leave little room for error and complacency.

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    Redhot Jumper Here are 50 examples of large corporations that failed to innovate...................

    Quote Originally Posted by rbaker View Post

    Corporate failures are an integral part of America’s dynamic free enterprise system, where competition from similar and alternative products, and market saturation leave little room for error and complacency.

    50 Examples of Corporations That Failed to Innovate
    November 22, 2018 Katrina Aaslaid News



    Change is inevitable and innovation is no different

    Companies that experience innovation success grab onto it and believe that it is their secret to everlasting success. Unfortunately, this is not the case, although it would definitely make a CEOs job a lot easier. This mindset puts any company at risk of failure, but refusing to evolve with the market can be even more devastating. “Without a robust and resilient innovation strategy, no company can survive,” says Phil McKinney, CEO of CableLabs.
    Here are 50 examples of large corporations that failed to innovate. Some are the biggest companies in the world.

    see all of it:
    https://valuer.ai/blog/50-examples-o...d-their-chance
    Chris Ryser
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    DLO. NA.IC.I.T.PO

    http://optochemicals.com............................. http://arcoatings.com

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