A new eyewear brand is taking on Luxottica with a single wire, some seed funding and a sustainability story | TechCrunch (2024)

A U.K.-based startup has come up with a new design for high-end, direct-to-consumer sunglasses that are original, modular and virtually indestructible. But to get their eyewear in the hands of consumers, they’ll have to compete with some industry giants, including Luxottica Group of Italy, whose brands include Ray-Ban and Oakley, among others.

Their company, Wires Glasses, isn’t competing on price. At $380 per pair, its sunglasses cost as much as other designer eyewear. If Wires succeeds, it will largely owe instead to its unusual single-wire design, patented invisible hinge and, perhaps most important, the narrative it tells about design and sustainability. Indeed, in a day and age where new brands are launched every day, storytelling can mean the difference between barely surviving and thriving, something this team seems to understand.

A new, albeit undisclosed, amount of seed funding from theearly-stage venture firm True Ventures should also help. True has helped grow a number of consumer companies, including Blue Bottle Coffee, the doorbell startup Ring and the wearables company Fitbit; likely it has lessons to share.

We talked with Wires co-founder Yair Neuman last week to learn more about how Wires came to be and how the glasses work. Our chat has been edited for length.

TC: You’re a London-based designer. You’ve created visuals for big artists, and ceramic speakers, and projects for Samsung. How did you wind up starting Wires?

YN: It started with me needing a pair of glasses when I went on Spanish holiday. I took a piece of soft wire and created a frame and 3D printed lenses in my studio. That only happened because I didn’t want to take Ray-Bans with me. This was a design-y holiday with other designers. But the glasses started to get a lot of attention. I thought it was maybe something I should develop, so when I got back to my studio, I started working on it.

Soon after I met and connected with a guy who was born in Zimbabwe, where they often make what they don’t have. They’ll take wires from electrical products and create toys or products or art. And he put together a team inHarare to produce designs for me. We’d send money and clothes and tools, and they’d ship back these frames that we’d combine with 3D printed parts, and suddenly we had these glasses that people liked and we started selling them.

TC: But they are now made in Italy.

YN: We eventually needed more precision and know-how, and we get that in Italy. Cadore, Italy, was long said to be the center of eyewear production. In the ’80s, there were more than 3,000 factories there. But at the end of the ’90s, Luxottica took over [other brands] and moved all the production to China and the area collapsed economically. Still, the workshops and machinery and people with knowledge are all there. So we found a small, family-run business and we make our frames with them, though they had to really rethink the process because our frames are very different.

TC: How so, exactly?

YN: The first version of the glasses functioned more as a fashion accessory. They didn’t fold. But it was important to me to build a functional product that people could fold and put away.

I didn’t want to include hinges as we know them — these mechanisms on the sides of our eyes. I wanted to keep the consistency of the wire, to journey from one ear to the other without obstacles. I took a few months to focus only on that, and came up with our protected [intellectual property], which is the invisible hinge. There’s basically a wire and a mechanism inside [the hinge] that allows [the wire] to fold.

TC: Would you potentially license that hinge “technology” to Luxottica?

YN: It depends on the offer. If there was the potential to create something interesting while also focusing on the environment, then it might be interesting to explore. But I don’t want to create another object that no one really needs but we’re going to mass produce anyway.

TC: Tell us more about your products, which are modular. What does that mean?

YN: Our system is based on the fact that we have one wire, and you can assemble a few different designs around it. This first collection has seven different lens shapes in two [wire] colors — black and white — so if you want to change your look, you don’t need to buy another frame, just a pair of lenses that you pop on the same wire. We have classic round [lenses] but also avant-garde [options] and [lenses that are] easy on the eye — that people don’t really need to show off with.

TC: Do extra lenses come with each pair of glasses?

YN: If you add another pair of [lenses], they cost $70.

TC: How did you decide on pricing?

YN: It wasn’t a decision so much as the reality of production, plus profits, plus expenses. It costs us the same to make them, so we didn’t go down the route of should we charge more for this or that.

TC: The glasses go on sale today. Can you accommodate a lot of interest from a production standpoint?

YN: Normally in this market, you’d have led time of three to four months. For us, because we 3D print them, we just need three weeks. So we can react very quickly.

TC: How will you keep the lenses “fresh” from a fashion perspective?

YN: Before we introduce new Wires, we think there’s a lot we can do, not just with the shapes but with the types of lenses we make. If you’re a cyclist, for example, and you want to pop in your water-repellent lenses, or you’re skiing and want to pop in lenses that filters the light from the snow . . .

TC: Aren’t the frames a bit delicate for sportswear?

YN: They look delicate, but they aren’t at all. Even if you sit on these, the worse thing that happens is we have to disassemble the lenses from the wire; there are no screws or parts to lose. The arms are also highly adjustable so that you can fit them to your head as snugly as you like.

TC: You talk about sustainability in your marketing materials, but you’re shipping glasses from overseas.

YN: We’re a direct-to-consumer business, but we’re still in fashion, and as much as we like the digital world, that’s not just where it’s at, so we’ll have a pop-up stores in Paris as soon as next month. We’re also planning permanent boutiques in New York and San Francisco to give people the opportunity to go to a shop and see the real thing and not send anything back to us, because it is a lot of carbon dioxide.

Also, when we make our glasses, we’re only printing what we need. Glasses are typically cut from a much bigger sheet of material, with a lot of negative space that just becomes waste. For us, we make sure not to create waste and to use the lowest amount of energy. And when the end comes? The metal is all stainless steel. You pop out the lenses. You recycle these with your normal recyclables, so that’s easy as well.

Pictured above: model-turned-entrepreneur and advisor to Neuman, Lily Cole.

A new eyewear brand is taking on Luxottica with a single wire, some seed funding and a sustainability story | TechCrunch (2024)

FAQs

What is the controversy with Luxottica? ›

The controversy surrounding Luxottica revolves around its multiple data breaches and its dominant position in the eyewear market. The company's data breaches exposed the sensitive information of millions of customers, raising concerns about its cybersecurity practices and data protection measures.

How is Luxottica able to keep prices so high in the eyewear industry? ›

Monopolies control an entire industry and therefore have total power over how much to charge consumers. With some exceptions, monopolies are illegal under U.S. law. Today more than 80 percent of eyewear brands are designed, manufactured, shipped, and retailed by Luxottica.

Why is Luxottica allowed to be a monopoly? ›

The government has allowed Luxottica to create a monopoly in the Glasses market. It is because this brand and the other brands associated with it are committed towards safety. They aim at manufacturing products which protect eyes from ultraviolet radiations of the sun which are very harmful.

What company is trying to compete with Luxottica? ›

Warby Parker has big growth plans. But analysts are split on its bid to take on Ray-Ban maker Luxottica. Warby Parker debuted on the stock market in September in a direct listing. Co-founder Dave Gilboa said it is now becoming a “holistic vision care” company, rather than solely a glasses-maker.

Why is Luxottica so successful? ›

The revolutionary vision to provide customers with quality prescription eyeglasses in an hour was the first of many innovative, entrepreneurial concepts that led to LensCrafters' remarkable growth and success year over year.In 1995, Luxottica buys LensCrafters and becomes the first manufacturer to directly enter the ...

Is Luxottica a cartel? ›

EssilorLuxottica orchestrates an industry-wide price-fixing conspiracy for eyeglasses through its exclusive contracts to sell and set prices for rival's products, a putative class action has alleged.

Does Luxottica still have a monopoly? ›

Luxottica's monopoly power in the eyewear industry has only been strengthened by the merger with Essilor, as the combined company now controls an even larger share of the market.

What benefits does Luxottica offer? ›

Paid vacations and holidays. Eyewear and product discounts. Free vision insurance. Multiple medical and dental insurance plan options.

What percentage of glasses are made by Luxottica? ›

Luxottica controls 80% of the major brands in the $28 billion global eyeglasses industry.

What is the purpose of Luxottica? ›

As a powerful advocate for the vision cause, a passionate campaigner for greater awareness and a pioneering innovator with solutions and styles that bring improvements to the delivery of vision care, we are dedicated to elevating the importance of good vision as both a basic human right and a key lever for global ...

Who is Luxottica owned by? ›

On a technical level, Essilor acquired Luxottica, though Luxottica founder and executive chairman Leonardo Del Vecchio became co-leader of the new conglomerate, which would change its name to contain both companies.

Would you describe Luxottica as a vertical or horizontal monopoly? ›

Yes, Luxottica is an example of a vertical monopoly. It is a leading manufacturer, designer, and retailer of luxury, fashion and sports eyewear.

Does Costco use Luxottica? ›

In the US, only Costco and Walmart's optical departments are independent of Luxottica. I worked at Oakley when it was acquired by Lux. Oakley puts an INSANE amount of R&D into their products, particularly their eyewear.

What is the new name for Luxottica? ›

We have a portfolio of more than 150 renowned brands. EssilorLuxottica is home to some of the most loved and widely-recognized vision care and eyewear brands in the world.

Does Target own Luxottica? ›

Luxottica owns not only a large portfolio of brands (over a dozen) such as Ray-Ban and Oakley but also retailers such as Sunglass Hut, Lenscrafters and Oliver Peoples, the optical departments at Target, and (formerly) Sears, as well as key eye insurance groups including the second largest glasses insurance firm in the ...

What is the story behind Luxottica? ›

Luxottica was founded in Agordo by Leonardo Del Vecchio in 1961 as a sunglasses manufacturer selling and branding under its own name.

What happened between Luxottica and Oakley? ›

In early 1996, Oakley had a pricing dispute with Italian company Luxottica, the world's largest eyewear manufacturers and retailers. Luxottica stopped carrying Oakley's products in their stores, including Sunglass Hut, and Oakley's stock market value declined 33%.

Are Luxottica Ray Bans real? ›

However, Luxottica, Ray-Ban manufacturer, has its factories both in China and Italy. Although the majority of production is based in Italy, a few models are still manufactured in China exclusively, or in both Italian and Chinese factories. There is, however, no doubts that quality standards remain the same.

Why was Luxottica delisted? ›

First of all, the Italian stock market has gradually turned into the chief negotiation hub for the group's shares: between 1st May 2016 and 1st May 2017, US transactions accounted for only 3.7% of Luxottica's global daily average transaction volume; secondly, being listed on the NYSE is highly expensive and, last but ...

Top Articles
Employer’s Liability Insurance Coverage and Cost | Insureon
Best Dresses to Hide Belly Fat - Flattering Styles and Tips
Frases para un bendecido domingo: llena tu día con palabras de gratitud y esperanza - Blogfrases
Rabbits Foot Osrs
Lesson 1 Homework 5.5 Answer Key
Sunday World Northern Ireland
Devourer Of Gods Resprite
Bill Devane Obituary
Slmd Skincare Appointment
Methodist Laborworkx
Hmr Properties
Superhot Unblocked Games
UEQ - User Experience Questionnaire: UX Testing schnell und einfach
Think Up Elar Level 5 Answer Key Pdf
978-0137606801
Northern Whooping Crane Festival highlights conservation and collaboration in Fort Smith, N.W.T. | CBC News
London Ups Store
Prestige Home Designs By American Furniture Galleries
U Break It Near Me
How to Download and Play Ultra Panda on PC ?
Academy Sports Meridian Ms
Jordan Poyer Wiki
Bill Remini Obituary
Mineral Wells Skyward
Barista Breast Expansion
Bolsa Feels Bad For Sancho's Loss.
Workshops - Canadian Dam Association (CDA-ACB)
Craigslist Pasco Kennewick Richland Washington
Combies Overlijden no. 02, Stempels: 2 teksten + 1 tag/label & Stansen: 3 tags/labels.
Umn Biology
A Man Called Otto Showtimes Near Carolina Mall Cinema
Little Einsteins Transcript
Helpers Needed At Once Bug Fables
Deepwoken: Best Attunement Tier List - Item Level Gaming
Kristen Hanby Sister Name
Gabrielle Enright Weight Loss
Beth Moore 2023
Skroch Funeral Home
Drabcoplex Fishing Lure
CVS Near Me | Somersworth, NH
Hometown Pizza Sheridan Menu
Express Employment Sign In
Craigslist Food And Beverage Jobs Chicago
Kb Home The Overlook At Medio Creek
Fool's Paradise Showtimes Near Roxy Stadium 14
Searsport Maine Tide Chart
Port Huron Newspaper
Pickwick Electric Power Outage
18 Seriously Good Camping Meals (healthy, easy, minimal prep! )
Acellus Grading Scale
Latest Posts
Article information

Author: Maia Crooks Jr

Last Updated:

Views: 6197

Rating: 4.2 / 5 (63 voted)

Reviews: 94% of readers found this page helpful

Author information

Name: Maia Crooks Jr

Birthday: 1997-09-21

Address: 93119 Joseph Street, Peggyfurt, NC 11582

Phone: +2983088926881

Job: Principal Design Liaison

Hobby: Web surfing, Skiing, role-playing games, Sketching, Polo, Sewing, Genealogy

Introduction: My name is Maia Crooks Jr, I am a homely, joyous, shiny, successful, hilarious, thoughtful, joyous person who loves writing and wants to share my knowledge and understanding with you.