Meta Explores Stake in Ray-Ban Maker Essilorluxottica, FT Reports

Meta Platforms has explored a multibillion-euro investment in eyewear group EssilorLuxottica, the Financial Times reported on Thursday.

The Facebook and Instagram owner has considered taking a small stake in the 87-billion-euro Franco-Italian group, according to the report.

Shares of EssilorLuxottica jumped 6 percent on the report, while Meta stock was up 1 percent in premarket trading.

The two firms did not respond to Reuters requests for comment.

EssilorLuxottica CEO Francesco Milleri said earlier this week that the new generation of Ray-Ban Meta smart glasses, launched last October, have sold more in a few months than the old ones did in two years.

By Yuvraj Malik

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