Luxottica, Google clinch partnership for Glass eyewear

Reuters News
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Posted: Mar 24, 2014 6:59 PM

MILAN (Reuters) - Ray-Ban sunglasses maker Luxottica said on Monday it had sealed a strategic partnership with Google to design and distribute a new kind of eyewear for the U.S. group's Internet-connected Glass eyewear.

In a statement, Luxottica said the two groups would work together to create innovative wearable devices for Google's iconic Glass brand.

No financial terms were provided.

Luxottica said its two major brands, Ray-Ban and Oakley, would be part of the collaboration with Glass but gave no further details.

"We believe that a strategic partnership with a leading player like Google is the ideal platform for developing a new way forward in our industry and answering the evolving needs of consumers on a global scale," Luxottica Chief Executive Officer Andrea Guerra said.

(Reporting by Stephen Jewkes)