Ray-Ban Maker Accused in Lawsuit of Inflating Prices 1,000% (1)

The French-Italian owner of the Ray-Ban and Oakley eyewear brands was sued for allegedly scheming with competitors to inflate prices by as much as 1,000%.

Paris-based EssilorLuxottica SA, the world’s largest eyewear company, is the “instigator and primary enforcer” of the price-fixing scheme in the US market, forming illegal agreements with Frames for America Inc. and For Eyes Optical Co., among others, according to the consumer antitrust complaint filed Friday in San Francisco federal court as a proposed class action.

The complaint also alleges that EssilorLuxottica’s vision benefits subsidiary, EyeMed, has formed anticompetitive agreements with thousands of eyecare ...