Luxottica Closes on Glasses.com Acquisition From WellPoint

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MILAN, Italy—Luxottica Group S.p.A. (NYSE: LUX) announced last Friday that it had closed the acquisition of glasses.com from WellPoint Inc. The transaction was previously announced on Jan. 7, 2014, as reported by VMail.

When the asset purchase was announced, Andrea Guerra, CEO of Luxottica, said, “We are announcing the agreement to acquire a technology which we believe will benefit the overall eyewear sector and the optical industry in North America, a crucial market for our group and one we remain strongly committed to.” He said the acquisition will function “as a starting point to shape an independent, digital platform through which the North American market can and will access the unique domain, innovating the shopping experience and improving the quality of products and services available to consumers.” Luxottica added, it “will invest in innovations to create an enhanced online experience that will be accessible to independent practitioners in North America.”