Consumer
Ray-Ban Maker EssilorLuxottica Says Meta Interested in Stake
- Eyewear firm says Facebook owner Meta could become shareholder
- Companies have been in partnership to develop smart glasses
This article is for subscribers only.
EssilorLuxottica SA said Meta Platforms Inc. is planning to buy a stake in the world’s biggest eye-wear maker, a deal which would see the US tech giant stepping up its push into smart glasses.
Chief Executive Officer Francesco Milleri made the comments about Meta’s interest during a call with analysts late Thursday, after weeks of speculation about the Facebook owner’s plans. A spokesperson for Meta declined to comment.