All EssilorLuxottica articles – Page 4
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ArticleDel Vecchio heir and Essilux manager increases stake in controlling shareholder Delfin
Leonardo Maria del Vecchio, Chief Strategy Officer at EssilorLuxottica and one of the heirs of Luxottica founder Leonardo del Vecchio, has reached a deal that will make him the largest shareholder in Delfin, the Del Vecchio holding company that in turn controls Essilux with a 32.4 percent stake. Leonardo Maria ...
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News briefs
EssilorLuxottica acquires Italian CNC machinery company
EssilorLuxottica is further advancing its vertical integration through the acquisition of Faro, a Venice-based manufacturer of high-precision CNC machinery for milling and diamond cutting. Founded 20 years ago, Faro focuses on the jewelry and eyewear industries. Its capabilities extend to complete eyewear production, including “complex edging and processing of lenses ...
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EssilorLuxottica partners with NPO on ocular surface health
EssilorLuxottica has entered into a strategic partnership with the Tear Film & Ocular Surface Society (TFOS), an international NPO supporting research and education in ocular surface health, particularly on dry eye disease and its impact on various eye surgeries. As part of the agreement, the Franco-Italian group is sponsoring a ...
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ArticleEssilux topline still up double digits in Q1 despite wholesale slowdown
EssilorLuxottica reported Q1 sales up 4.1 percent year on year to €7,127 million, or 10.8 percent at constant exchange rates, with the gap largely reflecting the weaker US dollar against the euro in recent months. “With the third consecutive quarter of double-digit growth, we once again demonstrate the strength and ...
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ArticleSWITCH event highlights EssilorLuxottica’s accelerated wholesale momentum
EssilorLuxottica held the European edition of its SWITCH: Vision Innovation Summit in Monte Carlo on April 13–15, roughly one month after the first event in Orlando. Announced in October last year, the B2B event presented the group’s innovations and technology-driven sector evolutions to wholesale partners and eye care professionals in ...
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ArticleChinese smart glasses firms eye IPOs in race with big tech
Prominent Chinese smart glasses companies are increasingly turning to the stock market to fund their growth in a fast-moving, highly competitive sector. Beijing-based XREAL filed for an Initial Public Offering (IPO) in Hong Kong earlier this month, while Rokid, based in Hangzhou, is reportedly considering the same move. According to ...
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ArticleIs Gentle Monster running out of steam?
Financial filings by iiCombined for fiscal 2025 show that Gentle Monster’s growth trajectory came to a sudden halt last year, as total revenue declined by 2.1 percent year on year to 772.3 billion Korean won (€449m). This is a sharp contrast to the 29.7 percent growth reported for the previous ...
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ArticleEyewear companies’ average stock price down 3% in Q1
The stock prices of the 25 listed eyewear companies composing our quarterly chart decreased by 3.4 percent on a non-weighted average basis in Q1 2026. While the decline marks a sharp contrast with the 8.9 percent growth recorded in the preceding quarter, it largely reflects a difficult quarter for stock ...
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News briefs
EssilorLuxottica invests in leading Thai optical retailer
EssilorLuxottica has acquired a “meaningful stake” in Top Charoen, the leading optical retailer in Thailand and a longtime customer. The term usually refers to a a significant minority ownership position, typically 10-25% of a company’s shares, that provides strategic influence without full control. Founded in 1947, Top Charoen ...
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ArticleRay-Ban Meta Optics expected to widen consumer adoption, protect Essilux margins
Meta and EssilorLuxottica have officially announced two new Ray‑Ban Meta AI glasses, just days after FCC filings sparked media speculation, including in our publication. Called Ray‑Ban Meta Blayzer Optics (Gen 2) and Scriber Optics (Gen 2), the new products are described in the partners’ press release as “optical‑first styles designed ...
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ArticleNew Essilux-Meta glasses on the way, FCC filings suggest
The grantee known to the US Federal Communications Commission (FCC) as 2AYOA, and to us as Luxottica Group, has filed documents pertaining to what appear to be two new models of Ray-Ban smart glasses – as reported first by Janko Roettgers’ Lowpass newsletter and then by Road to VR and ...
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ArticleMeta reportedly renouncing the launch of its AR glasses in the EU, for now
Meta is, for now, renouncing the launch of its Meta Ray‑Ban Display AR glasses in the European Union (EU), according to an anonymous source “with knowledge of the situation” quoted in a Bloomberg article last week. In January, Meta officially announced a pause in the rollout of the product outside ...
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News briefs
EssilorLuxottica gradually increases its stake in Nikon
EssilorLuxottica has been steadily building up its stake in Nikon Corporation, since the Japanese authorities greenlighted an up-to-20-percent stake for the Franco-Italian group in October last year. The authorization was necessary as several Nikon businesses – lenses, sensors, and lithography – are considered “core” to the national security. ...
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SightGlass Vision reinforces medical and professional affairs team
SightGlass Vision, the EssilorLuxottica and CooperVision joint venture developing myopia management lenses, is reinforcing its medical and professional affairs team with two appointments. David Webley has been appointed Senior Director, Clinical, Medical and Professional Affairs. He has previously held similar roles at Vision Express in the UK and ...
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ArticleLeading electronics ODM and Ray-Ban Meta supplier to form lens JV with Asahi Lite
Goertek Optical, a subsidiary of Goertek, a leading Chinese original design manufacturer and components supplier for smart hardware, is about to form a joint venture with Asahi Lite, as we have just learned. The announcement was made a few weeks ago by Conant Optical, the Chinese-based lens manufacturer that fully ...
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News briefs
SightGlass Vision presents two new DOT lenses studies
SightGlass Vision, the joint venture between CooperVision and EssilorLuxottica, presented the results of two new clinical studies on its DOT myopia management lenses at the 2025 Netherlands Contact Lens Congress on March 9, 2025. Based on two different 12-month clinical trials – one in North America with Caucasian ...
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ArticleMeta AI glasses sending intimate data to third parties?
According to a joint report by two Swedish newspapers, workers in Nairobi, Kenya, have been reviewing intimate episodes – in the form of video and audio recordings and transcribed user interactions – from the lives of users of the smart glasses produced by Meta and EssilorLuxottica. Some of these episodes ...
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ArticleReported Meta-Essilux arm-wrestling on AI glasses pricing highlights diverging priorities
Meta and EssilorLuxottica are working through disagreements over the pricing and promotion strategy of their Ray-Ban Meta AI glasses, with the tech giant pushing for lower prices and the eyewear group pushing in the opposite direction, according to “people familiar with the matter” quoted by Bloomberg News earlier this week. ...
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ArticleFast topline growth, slightly squeezed margins for Synsam in FY 2025
Synsam Group ended fiscal 2025 on a strong note with Q4 revenue growing by 9.4 percent year on year to 1,784 million Swedish crowns (€167m), roughly in line with its pace in the preceding quarter. Q4 sales were up by 11.4 percent organically and by 9.1 percent on a like-for-like ...
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News briefsSmart glasses a no-no in California court
A judge threatened Meta CEO Mark Zuckerberg and others on Feb. 18 with charges of contempt of court should they use their Ray-Ban Meta glasses to record the proceedings, according to Forbes. Apparently, Zuckerberg and at least some of his personnel entered the court wearing the smart glasses. At issue ...
