Meta Platforms, the parent company of Facebook and Instagram, is eyeing a significant investment in eyewear giant EssilorLuxottica. Reports from the Financial Times suggest that Meta is considering acquiring a minor stake in the Franco-Italian group, valued at €87 billion. This potential investment has created a notable market impact, with EssilorLuxottica’s shares spiking by 6 percent and Meta’s stock increasing by 1 percent in premarket trading.

EssilorLuxottica’s CEO, Francesco Milleri, highlighted the success of their new Ray-Ban Meta smart glasses. The second-generation iteration, introduced last October, has surpassed the previous model’s two-year sales figures within just a few months. This performance underlines the potential synergy between Meta’s technological prowess and EssilorLuxottica’s eyewear expertise.

Although both companies have yet to comment officially, the market response underscores the strategic significance of this potential collaboration. By combining Meta’s social media platforms with EssilorLuxottica’s innovative eyewear technology, the partnership could mark a significant development in consumer electronics and fashion integration.