Meta Platforms Acquires 3% Stake in EssilorLuxottica, Plans Expansion

Meta Platforms (META) on July 8th has quietly acquired a 3% stake in EssilorLuxottica, valued at €3 billion, with potential plans to increase its holdings to 5%.

This strategic move aligns with Meta’s ambition in AI-powered wearable tech, reflected in products like Ray-Ban Meta smart glasses and Oakley Meta HSTN smart glasses.

EssilorLuxottica brings deep manufacturing expertise and a global distribution network, giving Meta a solid foundation to merge technology and fashion through iconic eyewear brands like Ray-Ban and Oakley.

The investment underscores Meta’s belief in AI-infused wearables as the next major computing platform, positioning it alongside Apple and Google in the race for dominance in spatial computing and AR glasses.

Meta’s bet on EssilorLuxottica signals a bold vision: integrating AI into everyday life through stylish, seamless hardware.