Luxottica-Essilor Merger

Meta invests $3.5 bn in world's largest eye-wear maker in AI glasses push

Facebook parent Meta acquired just under 3 per cent of Ray-Ban maker EssilorLuxottica. Menlo Park, California-based Meta is considering further investment

Updated On: 09 Jul 2025 | 10:58 AM IST

Meta adds live translation, AI video features to Ray-Ban smart glasses

The latest update adds video to Meta's AI chatbot assistant, which allows the Ray-Ban smart glasses to process what the user is seeing and respond to questions in real-time

Updated On: 17 Dec 2024 | 12:00 PM IST

Ray-Ban's billionaire owner Leonardo Del Vecchio passes away at 87

Raised in a Milan orphanage, Del Vecchio struck out from the northern city to set up shop in the town of Agordo, in the Alps north of Venice, starting off as a small supplier of frame parts

Updated On: 28 Jun 2022 | 1:10 AM IST

Luxottica, Essilor agree on a $49-bn merger

Both the companies had already explored a possible tie-up a few years ago

Updated On: 17 Jan 2017 | 12:29 AM IST