Google Glass Signs Deal With Ray Ban's Parent Company 125
sfcrazy (1542989) writes with news that fancier Google Glasswear is coming soon "Google has signed a deal with The Luxottica Group, the world's largest eyewear company (controlling 80% of the eyewear market). Luxottica owns Ray-Ban, Oakley, Vogue-Eyewear, Persol, Oliver Peoples, Alain Mikli, and Arnette. The deal shows how serious Google is about Glass, contrary to the skepticism raised by high-profiled users like Robert Scoble who spelled doom for the device."
Re:80% of market in terms of what? (Score:3, Informative)
Re: 80% of market in terms of what? (Score:5, Informative)
Luxoticca not only owns a wide range of premium and "budget" eyewear brands (prescription glasses and sunglasses), they also own LensCrafters. Pearle vision, sears optical, target optical, and Sunglass Hut to name a few. Additionally they own the vision insurance company EyeMed.
The word "monopoly" comes to mind.
There was a 60 minutes piece about this not too long ago:
http://m.youtube.com/watch?v=g... [youtube.com]