MILAN — In the latest shakeup in the Italian eyewear industry, Prada has ended its four-year joint venture with De Rigo and signed on with industry giant Luxottica Group.

Prada bought out De Rigo’s 51 percent stake in their joint venture company, EID (International Eyewear Distribution), and subsequently sold 100 percent of it to Luxottica for $30.4 million or, in local currency, 26.5 million euros.

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