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EssilorLuxottica shares jump

EssilorLuxottica shares jump after reports that Meta bought 3% stake

By Elisa Anzolin and Juby Babu (Reuters) -Shares in EssilorLuxottica, the maker of Ray-Ban glasses, jumped on Wednesday after reports that Meta Platforms had acquired a stake of nearly 3% in the Franco-Italian company.

CNBC on MSN · 1d

Shares of Ray-Ban maker EssilorLuxottica jump 6% on reported Meta stake in AI push

Meta and EssilorLuxottica first struck up a partnership in 2019, producing two generations of Ray-Ban Meta smart glasses.

GlobalData on MSN · 23h

Meta injects $3.5bn in Ray-Ban maker to push AI glasses development

Meta's $3.5bn investment enhances its partnership with EssilorLuxottica, advancing their long-term collaboration on AI-powered smart glasses.

TechCentral.ie32m

Meta continues wearables push with €3bn investment in Ray-Ban parent company

Meta Platforms has made a strategic move in the world of smart glasses. The company has taken a stake of nearly 3% in EssilorLuxottica, the parent company of Ray-Ban. The investment, estimated at ...

23h

Meta Invests $3.5 Billion in World’s Largest Eye-Wear Maker in AI Glasses Push

Meta Platforms Inc. bought a minority stake in the world’s largest eyewear manufacturer, EssilorLuxottica SA, deepening the ...

21h

Meta invests $5.3b in world’s biggest eye-wear maker

The minority stake in EssilorLuxottica will allow Meta to continue its push to manufacture smart glasses with AI features.

1don MSN

Meta buys minority stake in eyewear giant EssilorLuxottica worth $3.5B

Meta Platforms (NASDAQ:META) has acquired a small non-controlling stake in eyewear holding company EssilorLuxottica ...

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