Ray-Ban Maker EssilorLuxottica Sales Top Estimates Luxury eyewear giant EssilorLuxottica, the company behind iconic brands like Ray-Ban and Oakley, has once again surpassed sales estimates, showcasing its resilience and strong market presence. The latest financial report reveals that the company’s performance was particularly driven by robust growth in Europe, where demand for high-quality eyewear remains […]
The Smart Glasses Gold Rush, Explained
The Smart Glasses Gold Rush, Explained Meta’s recent $3.5 billion investment in EssilorLuxottica has sent shockwaves through the tech and eyewear industries, signaling a significant shift towards smart glasses as the next big thing. This move is not just a random investment; it represents a strategic bet on the future of wearable technology and augmented […]
Meta Invests $3.5 Billion in EssilorLuxottica in AI Glasses Push
Meta Invests $3.5 Billion in EssilorLuxottica in AI Glasses Push Meta Platforms Inc., formerly known as Facebook, has made a groundbreaking move by investing $3.5 billion in EssilorLuxottica, a global leader in the eyewear industry. This strategic partnership marks Meta’s foray into the realm of smart glasses, leveraging artificial intelligence (AI) to revolutionize the way […]
Supreme’s Sale to EssilorLuxottica, Explained
Supreme’s Sale to EssilorLuxottica, Explained The recent news of Supreme being acquired by EssilorLuxottica, the Italian eyewear giant, for a hefty sum of $1.5 billion in cash has sent shockwaves through the fashion and business world. This acquisition marks a significant shift in the streetwear landscape, as VF Corp, the owner of North Face, bids […]
New US sonar tech to hunt hidden WWII-era bombs buried at 400+ underwater sites
New US Sonar Technology to Hunt Hidden WWII-Era Bombs Buried at 400+ Underwater Sites More than 400 underwater sites across the U.S. may be contaminated with unexploded ordnance (UXO)—decades-old remnants of World War II that pose a significant threat to both marine life and human safety. The presence of these hidden dangers has long been […]
Ray-Ban Meta sales drive smart glasses growth
Ray-Ban Meta Sales Drive Smart Glasses Growth The wearable technology industry has been experiencing a significant boom in recent years, with smart glasses at the forefront of innovation. As consumers increasingly seek out tech-savvy accessories that merge style with functionality, companies like EssilorLuxottica are capitalizing on this trend by ramping up their production capacity to […]
EssilorLuxottica launches FDA-approved Nuance audio glasses
EssilorLuxottica Introduces FDA-Approved Nuance Audio Glasses: A Revolutionary Technology in Hearing Solutions In a world where technological advancements are constantly shaping the way we live and interact with our surroundings, the marriage of fashion and function has taken a significant leap forward with EssilorLuxottica’s latest innovation – the Nuance audio glasses. This groundbreaking technology has […]
Prada Group and EssilorLuxottica Extend Partnership for Eyewear Innovation
In a strategic move that underlines the resilience of high-end fashion in a challenging market, the Prada Group and EssilorLuxottica have renewed their ten-year licensing agreement. This partnership, which has thrived over the past twenty years, serves as a beacon for collaboration within the luxury sector, particularly as many brands retreat from licensing arrangements. The […]
EssilorLuxottica Extends Smart Glasses Partnership With Meta
In a significant move towards advancing smart eyewear technology, EssilorLuxottica has announced the extension of its partnership with Meta Platforms. The two companies have agreed to a new long-term contract that will guide their collaborative efforts into the next decade. This partnership builds on a relationship that started in 2019, during which they developed two […]