Luxottica, Google clinch partnership for Glass eyewear
MILAN (Reuters) - Ray-Ban sunglasses maker Luxottica (LUX.MI) said on Monday it had sealed a strategic partnership with Google (GOOG.O) 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)
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