US health plan company WellPoint has signed deals to divest two of its online optical subsidiaries including the sale of glasses.com to Luxottica.
The company agreed to sell contact lens retail unit 1-800 Contacts to private equity firm Thomas H Lee Partners last week, while also entering into an asset-purchase agreement for glasses.com and its virtual try-on technology with Luxottica.
Following the deal, Luxottica said it would invest in innovations to create an enhanced online experience that will be accessible to the independent practitioners in North America.
Andrea Guerra, chief executive officer at Luxottica, said: ‘Today 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.
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