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EssilorLuxottica shares jump

Ray Ban-maker EssilorLuxottica shares climb on Meta stake report

Shares of Essilorluxottica climbed in early Wednesday trade after reports Meta has acquired an almost 3% stake in the luxury eyewear maker.

Reuters on MSN · 1d

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.

eWeek · 18h

Meta Invests $3.5B in Ray-Ban, Oakley Maker to Create AI Smart Glasses

Meta has reportedly invested $3.5 billion in EssilorLuxottica, the eyewear company that owns Ray-Ban and Oakley. The two companies have been in partnership since 2020, collaborating on glasses featuring artificial intelligence technology.

Road to VR2h

Meta Reportedly Invests $3.5 Billion in EssilorLuxottica, Further Strengthening Smart Glasses Partnership

It was rumored last year that Meta was seeking a minority stake in French-Italian eyewear conglomerate EssilorLuxottica, not only the largest eyewear manufacturer in the world, but also Meta’s partner ...

23h

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.

Meta's $3.5B Power Move: Why Zuckerberg Just Bought Into the World's Top Eyewear Giant

In Meta's eyes, smart glasses could finally give it something it's lacked: a native hardware platform that bypasses phones ...

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