597. Why Do Your Eyeglasses Cost $1,000?

Published: July 18, 2024, midnight

A single company, EssilorLuxottica, owns so much of the eyewear industry that it\u2019s hard to escape their gravitational pull \u2014 or their \u201cobscene\u201d markups. Should regulators do something? Can Warby Parker steal market share? And how did Ray-Bans become a luxury brand? (Part one of a two-part series.)