All EssilorLuxottica articles – Page 5
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ArticleDel Vecchio heir looks to increase stake in controlling shareholder
Leonardo Maria del Vecchio, Chief Strategy Officer at EssilorLuxottica and one of the heirs of Luxottica founder Leonardo del Vecchio, is looking to increase his stake in Delfin, the Del Vecchio holding company that controls the eyewear group with a 32.2 percent stake, according to media reports. Delfin has not ...
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ArticleLeaked Apple AI glasses plans suggest group is mostly playing catch-up in category
Apple is planning to start the production of its smart glasses in December this year before a commercial launch in 2027, according to “people with knowledge of the plans” cited by Bloomberg. The business news outlet already reported in October last year that Apple was shifting priorities from VR headsets ...
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Meta reportedly working on facial recognition feature for its AI glasses
Meta is considering the launch of a facial recognition function to its AI glasses, perhaps as soon as this year, according to a report by The New York Times, based on a leaked internal document from May last year. “Name Tag”, by its code name, would allow the glasses wearers ...
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ArticleEssilux wraps 2025 with startup-like topline growth but slightly lower profits
EssilorLuxottica ended fiscal 2025 with a bang as the group’s revenue in Q4 jumped by 12.1 percent year-on-year to €7,600 million, or by a whopping 18.4 percent in constant currencies. For the full year, the topline rose by 7.5 percent in reported terms and by 11.2 percent at constant rates ...
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Meta and Essilux ready for another Super Bowl push
After the Ray-Ban Meta commercial last year, Meta and EssilorLuxottica will again use the Super Bowl to promote their smart glasses this year, this time focusing on Oakley Meta with a new slogan “Athletic Intelligence is Here.” The new commercial will first air on Feb. 8 during the event and ...
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ArticleHong Kong smart eyewear company seeks 'billions of dollars' in damages from Meta-Essilux
Solos Technology, a Hong Kong-based smart glasses company, is suing Meta Platforms, Meta Platforms Technologies, Oakley, Luxottica of America and EssilorLuxottica USA for “willful direct and indirect patent infringement” of its own “foundational technologies.” The case was filed with the US District Court of Massachusetts on Jan. 23, 2025, and ...
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Turkish competition authorities investigate EssilorLuxottica
Rekabet Kurumu, the Turkish market-competition watchdog, is opening an investigation into EssilorLuxottica’s commercial practices after a preliminary inquiry at the end of last year. The agency suspects that the eyewear group “has created de facto exclusivity via various practices in the markets for the wholesale of ophthalmic lenses, wholesale of ...
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Essilux presents two clinical studies on Nuance Audio Glasses performance
Up to 29 percent of Nuance Audio Glasses wearers reported improvement in speech understanding in challenging acoustic conditions, according to a study of the Western University in Canada with 21 participants, EssilorLuxottica has announced. Users also noted a “significant reduction in listening effort as measured through standardized rating scales,” the ...
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ArticleMeta and Essilux reported AI glasses capacity doubling no easy task
Meta and EssilorLuxottica are discussing boosting their Ray-Ban Meta AI glasses annual production capacity to 20-30 million units to address growing demand, Bloomberg reported yesterday. The leak came from people familiar with the matter who asked to remain anonymous, which may also mean that it is a deliberate communication strategy ...
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ArticleEyewear industry stock up 8.9 percent in Q4, 6.2 percent in FY2025
As usual at this time of the year, we complement our quarterly analysis of the stock listed eyewear companies in the last quarter with our market capitalization ranking as we enter the new year. You will find the corresponding tables below. The Q4/FY overall performance Starting with the last ...
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ArticleMeta pauses international Ray-Ban Display launch amid AR supply-chain crunch
Meta has postponed the international launch of its Ray-Ban Display AR glasses, citing overwhelming US demand and waitlists extending into 2026. The delay highlights critical supply chain bottlenecks in waveguide production and memory chips, as the smart eyewear market reaches a tipping point for consumer adoption.
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EssilorLuxottica and Burberry renew eyewear license
EssilorLuxottica has announced the renewal of its license agreement with Burberry for the design, manufacture and global distribution of eyewear under the luxury fashion brand until 2035. Both companies have been partnering since 2006 and the current deal was set to expire at the end of this year. It is ...
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EssilorLuxottica acquires another ophthalmology clinics group
EssilorLuxottica is set to acquire Signifeye, a prominent Belgian ophthalmology platform, the group has announced. This acquisition adds to the group’s growing presence in ophthalmology clinics, with Signifeye operating 15 eye centers in the Flanders region. The move follows the recent acquisition of Optegra, which manages over 70 clinics across ...
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ArticleCooper announces strategic review, 5% uptick in annual CVI sales
CooperVision reported Q4 sales of $709.6 million, up 4.6% year-on-year, with growth driven by the Americas region and strong performance from its MyDay contact lens portfolio. CooperCompanies stock price shot up after the group announced that it was conducting a strategic business review, seemingly in response to activist investor pressures.
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ArticleEssilorLuxottica wearables chief steps down
Rocco Basilico, Chief Wearables Officer at EssilorLuxottica, will be leaving the group at the start of next year, Reuters revealed on Monday. The information was confirmed to the press agency by EssilorLuxottica: “After six years supporting our smart eyewear journey, Rocco Basilico has decided to pursue his personal interests outside ...
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EssilorLuxottica forms interdisciplinary scientific advisory committee
EssilorLuxottica has announced the creation of a Scientific Advisory Committee, composed of five scientists working in the fields of physics, mathematics, otolaryngology (study of the the ear, nose, and throat and related parts of the head and neck), ophthalmology and bioethics. They are Pr. Alain Aspect (Nobel Laureate and Wolf ...
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ArticleEssilux takes a local approach to the Chinese smart glasses market
EssilorLuxottica is using an existing deal to probe the market for smart eyewear in China, where, as the company tells us, the focus is on Chinese tech and the preferences of Chinese customers. To align its products and marketing accordingly, it appears that Essilux is for now setting aside any ...
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French Essilux workers start three-day strike
FO Metaux, a French trade union federation, has announced that 9,000 employees of EssilorLuxottica in France will go on a three-day strike from Nov. 27, 2025, asking for higher wages and pointing to the group’s record sales and to the top management team’s compensation package. It is the first time ...
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EssilorLuxottica reportedly offering to take a 5-10% stake in Armani
EssilorLuxottica has offered to buy a 5 to 10 percent stake in Armani, Il Sole 24 Ore reported on Nov. 22, quoting unnamed sources. The eyewear group would, however, not be interested in taking an active role in the management of Armani, according to the Italian financial newspaper. As previously ...
