( October 30, 2026, 18:05 GMT | Official Statement) -- MLex Summary: EssilorLuxottica prevailed in a case alleging that the company illegally dominates the "Premium Eyewear Market" (PEM). The US Court of Appeals for the Second Circuit affirmed the district court's dismissal of the case on market definition grounds, upholding EssilorLuxottica's earlier victory. The plaintiffs had alleged that the PEM included three submarkets: Premium Prescription Lenses, Premium Sunglasses and Premium Spectacle Frames. "As the District Court observed, plaintiffs do not distinguish their proposed market based on price; indeed, they place frames at identical price points in separate markets, putting EssilorLuxottica’s frames in the Premium Spectacle Frames market, but frames at the same price-point from other sellers in the non-premium market," the Second Circuit said.See court's order. ...
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