Published by Global Banking & Finance Review®
Posted on July 8, 2025
2 min readLast updated: January 23, 2026
Add as preferred source on GoogleMeta Platforms has acquired a nearly 3% stake in EssilorLuxottica to enhance AI-powered wearable devices, with plans for further investment.
By Elisa Anzolin and Juby Babu
(Reuters) -Meta Platforms has acquired a nearly 3% stake in eyewear maker EssilorLuxottica, a source told Reuters on Tuesday, amid growing consumer interest in AI-powered wearable devices.
Sprucing up its wearable technology with artificial-intelligence capabilities could help Meta attract new users as it invests billions of dollars in bolstering its AI infrastructure.
EssilorLuxottica declined to comment, while Meta did not immediately respond when contacted by Reuters.
Meta bought a stake worth around 3 billion euros ($3.52 billion) in EssilorLuxottica at the current market price and is considering further investments that could build its share to around 5% over time, according to Bloomberg News, which reported the development earlier in the day.
The social media giant teamed up with Oakley to release AI-powered smart glasses last month, expanding its push into wearable tech after the success of Ray-Ban Meta glasses, millions of which have been sold since their launch in 2023.
The "Oakley Meta HSTN" will feature a hands-free high-resolution camera, open-ear speakers, water resistance and Meta AI capabilities.
EssilorLuxottica planned to boost its production capacity for smart glasses and hopes to expand its collaboration with Meta to other brands, Chief Executive Francesco Milleri had said in February.
($1 = 0.8527 euros)
(Reporting by Juby Babu in Mexico City; Editing by Pooja Desai)
Meta Platforms acquired nearly a 3% stake in EssilorLuxottica.
Meta's stake in EssilorLuxottica is worth around 3 billion euros, equivalent to approximately $3.52 billion.
The Oakley Meta HSTN will feature a hands-free high-resolution camera, open-ear speakers, water resistance, and Meta AI capabilities.
Meta is considering further investments that could increase its stake in EssilorLuxottica to around 5% over time.
Meta aims to spruce up its wearable technology with artificial intelligence capabilities to attract new users.
Explore more articles in the Finance category
