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- Meta takes around 3% stake in Ray-Ban-parent EssilorLuxottica, source says</p>
<p>Elisa Anzolin and Juby BabuJuly 9, 2025 at 4:20 AM</p>
<p>By Elisa Anzolin and Juby Babu</p>
<p>(Reuters) -Meta Platforms has acquired a nearly 3% stake in eyewear maker EssilorLuxottica, a source told Reuters on Tuesday, amid growing consumer interest in AI-powered wearable devices.</p>
<p>Sprucing up its wearable technology with artificial-intelligence capabilities could help Meta attract new users as it invests billions of dollars in bolstering its AI infrastructure.</p>
<p>EssilorLuxottica declined to comment, while Meta did not immediately respond when contacted by Reuters.</p>
<p>Meta bought a stake worth around 3 billion euros ($3.52 billion) in EssilorLuxottica at the current market price and is considering further investments that could build its share to around 5% over time, according to Bloomberg News, which reported the development earlier in the day.</p>
<p>The social media giant teamed up with Oakley to release AI-powered smart glasses last month, expanding its push into wearable tech after the success of Ray-Ban Meta glasses, millions of which have been sold since their launch in 2023.</p>
<p>The "Oakley Meta HSTN" will feature a hands-free high-resolution camera, open-ear speakers, water resistance and Meta AI capabilities.</p>
<p>EssilorLuxottica planned to boost its production capacity for smart glasses and hopes to expand its collaboration with Meta to other brands, Chief Executive Francesco Milleri had said in February.</p>
<p>($1 = 0.8527 euros)</p>
<p>(Reporting by Juby Babu in Mexico City; Editing by Pooja Desai)</p>
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