lux – Scalper1

JD.com Eyes China Lux Market As Alibaba Targets U.S.

JD.com (JD) and sunglasses giant Luxottica (LUX) are teaming up to bring Ray-Bans, Oakleys and other sunglasses to the Chinese e-commerce site in a bid for China’s luxury consumers. “We’re delighted to be partnering with Luxottica, the clear global leader in luxury eyewear, to expand our offering in this market that is rapidly growing among Chinese consumers,” said JD.com VP Lijun Xin in a release. Meanwhile, Chinese rival Alibaba (BABA) disclosed

Intel dives further into wearables with Luxottica venture

Intel (INTC) announced Wednesday it will collaborate with eyewear maker Luxottica Group (LUX) to develop smart glasses. It’s one of several recent partnerships that Santa Clara, Calif.-based Intel has entered into as it expands into the wearable technology arena. Luxottica Group, based in Milan, Italy, designs, manufactures and distributes fashion, luxury and sports eyewear with brands such as Ray-Ban, Oakley and Persol. Luxottica also makes sunglasses branded Giorgio Armani, Burberry, Stella McCartney, Versace, Vogue and Donna Karan, among others. The two companies in a joint press release said the multiyear alliance will “push the boundaries of research and development to anticipate what smart technology for eyewear will look like in the future.” The first product is expected to launch next year. Intel stock was flat near 38 in midday trading on the stock market today Luxottica stock was little changed near 54. Intel CEO Brian Krzanich said in a statement…