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The Spectacular Power of Big Lens
Article

The Spectacular Power of Big Lens

How one giant company will dominate the way the whole world sees.

The Guardian, 2018

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Editorial Rating

8

Qualities

  • Innovative
  • Eye Opening
  • Overview

Recommendation

Around 70% of adults read with the help of corrective lenses, but few know where their glasses come from. Sam Knight’s picaresque Guardian article journeys from 13th-century Italy, the birthplace of eyeglasses; to 15th-century Germany, where they became popular; to the present-day global economy, where giants Essilor and Luxottica are navigating one of the biggest mergers in history to form a near monopoly of the global eyeglasses industry. Knight’s article is an informative read for anyone who wants to understand an industry that affects billions but which many take for granted.

Take-Aways

  • Essilor controls about 45% of the market for optical lenses, and Luxottica controls about 25% of the market for frames. The two companies are planning to merge.
  • Leonardo Del Vecchio, Luxottica’s founder, came out of retirement in his 80s to push the merger through.
  • The need for eyeglasses is on the rise as modern lifestyles damage eyesight. Myopia in children has doubled in a single generation.

About the Author

Sam Knight has written for The New York Times, The Guardian, and Harper’s Magazine and is a staff writer for The New Yorker. He’s based in London.