Google (NASDAQ: GOOG) is partnering up with Luxottica Group (NYSE: LUX) to bring Google’s latest invention the Google Glass to a mainstream level. Luxottica is the eyewear powerhouse most widely known for owning eyeglass brands such as Ray-Ban and Oakley. Luxottica is expecting to have the new Google Glass hit stores in 2015.
Luxottica has a lot to gain from this major deal with Google. Just after making the announcement about their partnership, Luxottica’s stock jumped more than 4%. This surge brought the founder, Leonardo Del Vecchio, another $700 million to add to his already existing $19 billion fortune.
Luxottica and Google are putting together a team to design, develop, and distribute their new breed of eyewear for Glass. Right now, Glass products cost more than $1,500 and are only available to a select few through Google’s Explorer program.
Google did not give any hints or details as to if they will be broadening their retail range when they release the new Glass eyewear, but we can all hope that the public will finally be able to get their hands on these wearable technological glasses.