Luxottica-Essilor Merger

A governance crisis at EssilorLuxottica deepens as heirs of founder Leonardo Del Vecchio struggle to manage the fortune he built before his death

Updated On: 30 Jul 2026 | 10:22 AM IST

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

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

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

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

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