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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 · 5h

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.

eWeek · 21h

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 VR5h

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 ...

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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