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

by Editor July 18, 2024, 1:51 pm 1.4k Views

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…

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