SPITZER STRIKES AGAIN: Luxottica Group SpA reported that it has been notified by the office of New York Attorney General Eliot Spitzer that the company’s pricing and distribution practices relating to sunglasses are being investigated. The Milan-based owner of Sunglass Hut and maker of Ray Ban sunglasses said it will fully cooperate with the investigation. “Although the company believes it has not violated any applicable antitrust laws, it is unable at this time to predict the outcome of this investigation,” the company said in a statement. Luxottica made the news public last week in a Form 6-K filing with the Securities and Exchange Commission.
This story first appeared in the December 30, 2002 issue of WWD. Subscribe Today.