Overview

• Meta purchased a nearly 3% equity stake in EssilorLuxottica for about €3 billion, according to Reuters.
• Bloomberg reports that Meta could expand its holding to around 5% over time through further investments.
• The Oakley Meta HSTN glasses launched last month feature hands-free high-resolution cameras, open-ear speakers and integrated Meta AI capabilities.
• EssilorLuxottica CEO Francesco Milleri said the company plans to ramp annual production of AI-powered smart glasses to 10 million units by the end of 2026.
• Meta and EssilorLuxottica have collaborated since 2019 and sold over 2 million Ray-Ban Meta units since late 2023.