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Article: Magnifying glasses; How [pounds sterling]2.45 frames end up being sold for [pounds sterling]99.
- Article from:
- Daily Mail (London)
- Article date:
- February 12, 2005
CopyrightCOPYRIGHT 2005 Solo Syndication Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: SEAN POULTER
HIGH Street opticians are generating massive profits on cheap spectacle frames.
Leaked invoices reveal the major chains impose mark-ups of up to 1,000 per cent on frames which are mass produced in Korea.
The frames are supplied to the trade for as little as [pounds sterling]2 or [pounds sterling]3 each, while lenses are less than [pounds sterling]1 a pair.
However, the public is being charged between [pounds sterling]75 and [pounds sterling]99.
Opticians' chains have fought to keep price details secret, even refusing to give figures to Government-sponsored investigators.
However, it is now clear ...