Business EconomyPosted at: Jul 9 2025 6:44PM


Meta announces its stake in Ray Ban’s parent firm

New Delhi, July 9 (UNI) In a strategic collaborative move, Meta Platforms Inc., or Meta, takes a minority stake in Ray Ban’s parent organization, EssilorLuxottica.
This investment is to the mark of US$ 3.5 billion, accounting to three percent stake.
EssilorLuxottica, headquartered near Paris, is a major brand that designs and sells ophthalmic lenses, prescription glasses, and sunglasses.
Some analysts at Bernstein Research (a joint venture of AllianceBernstein and Societe Generale) pointed out the step of investment taken by Meta as a strong commitment to leverage the opportunities available in the eye care market.
According to the Chief Wearables Officer, EssilorLuxottica Rocco Basilico, “We are collaborating to bring the power of intelligent eyewear to more people in multiple ways.”
Meta and Ray Ban started their collaboration early on smart glasses in early 2019, and reportedly last year they agreed to continue this partnership also “in the next decade.”
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