Headlines China Fines Seven Eyecare Companies for Price-Fixing Published 8 years ago on June 2, 2014 By INVISION Staff Share Tweet Essilor and Bausch + Lomb among those paying $3.5 million. China last week fined Johnson & Johnson, Nikon Corp and five other makers of eyeglasses and contact lenses on price-fixing charges in its latest effort to use anti-monopoly law to control consumer prices. Manufacturers were fined a total of $3.35 million for setting minimum prices for retailers and limiting their ability to offer discounts. Other companies fined included Essilor International SA of France, Germany’s Car Zeiss AG, Hoya Corp. and Bausch + Lomb, owned by Canada’s Valeant Pharmaceuticals International Inc. One Chinese company was fined, Shanghai Weicon Optics Co. Setting minimum prices is common in some markets to help companies maintain an image as a premium brand. But lawyers say Chinese regulators appear to regard such limits on distributors as illegal. Read more at Associated Press Related Topics: click to Comment(Comment) Up Next Clip-On Sun Lenses Are Back In Style for Men Don't Miss Former Optician Is a “Hero” For His Work with Kids SPONSORED VIDEO Shamir Glacier Plus Metaform: Stronger. Thinner. Lighter. It’s time for a new compromise-free lens technology that completely changes our concept of what's possible. Glacier Plus™ Metaform enables customers to enjoy strength and safety alongside the aesthetics of thin and light lenses. Now Available: The next technical revolution in the world of optics. You may like Promoted Headlines Recommend a Simple Solution for Your Patients’ Daily Dry Eye Challenges Alcon See What’s Possible with EssilorLuxottica 360 EssilorLuxottica Shamir Glacier Plus Metaform: Stronger. Thinner. Lighter. Shamir Lens Advertisement Latest Trending Videos Press Releases11 hours ago VSP Ventures Acquires EYEcenter Optometric Press Releases12 hours ago Treehouse Eyes Partners with Johnson & Johnson Vision Press Releases12 hours ago Valley Contax Announces New Directors Press Releases14 hours ago Prevent Blindness Declares First-ever Geographic Atrophy Awareness Week as Dec. 6-12, 2021 Press Releases15 hours ago New Paper Explores Connection Between Vision and Cognitive Function Photo Gallery2 days ago 16 Painfully Relatable Memes About Working Holiday Retail Sponsored Content2 weeks ago Shamir Glacier Plus Metaform: Stronger. Thinner. Lighter. Photo Gallery2 weeks ago 12 Images That Show Why Spectrum Eye Care in Hamilton, ON, Was Named One of (North) America’s Finest Optical Retailers Headlines3 weeks ago Warby Parker Will Soon Have 161 Stores Headlines4 weeks ago Store Owner Grapples with Thief in Witness Video Sponsored Content2 weeks ago See What’s Possible with EssilorLuxottica 360 INVISION Podcast2 months ago INVISION Podcast New Season: Dee Talks With Dr. Diana Canto-Sims on the Challenges of Serving the Nation’s Largest Ethnic and Racial Minority Press Releases3 months ago Global Vision Campaign Seeks to Achieve 1M Vision Screenings and Eye Exams for World Sight Day Sponsored Content3 months ago Introducing the VariluxⓇ Challenge Press Releases4 months ago Sun Pharma Launches 4th ‘Dry Eye Gets Personal’ Video Campaign Advertisement SubscribeBULLETINS Get the most important news and business ideas for eyecare professionals every weekday from INVISION. Advertisement Most Popular Photo Gallery2 days ago 16 Painfully Relatable Memes About Working Holiday Retail Headlines1 week ago New Look Vision Acquires Luxury Optical Holdings The Big survey1 week ago So Overrated! ECPs Tell Us the Top 10 Things About The Profession That Don’t Deserve the Hype Headlines3 days ago Feds Seize $479K Worth of Illegal Contact Lenses Headlines2 days ago Eyewear Seller Says ‘Online Hitmen’ Are Destroying Her Business Sponsored Content2 days ago Recommend a Simple Solution for Your Patients’ Daily Dry Eye Challenges The Big survey6 days ago Big Survey: Most ECPs Still Expect to be Working Past 65 Tools and Equipment6 days ago Stumped on Holiday Gifts for Your Eye Loving Loved Ones? We Got You Covered!