EssilorLuxottica
Canvas Category OEM : Medical Equipment
At EssilorLuxottica our mission is to help people see more, be more and live life to its fullest. Our groundbreaking products correct, protect and frame the beauty of our most precious sensory organ – our eyes. By combining our expertise in lens technology and eyewear manufacturing, a portfolio of brands that consumers love and global distribution capabilities, we enable people everywhere to learn, to work, to express themselves and to fulfill their potential.
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EssilorLuxottica bets on glasses replacing smartphones as value hits €100bn
Glasses equipped with artificial intelligence helped EssilorLuxottica achieve the final goal of its late founder Leonardo Del Vecchio last week — a €100bn valuation — capping its transformation from a workshop in the Dolomite mountains to the world’s biggest eyewear manufacturer.
His successor is betting that smart eyewear developed with social media giant Meta will one day replace the smartphone in customers’ pockets, and fuel future growth.
On an earnings call last month, the maker of Ray-Ban and Oakley sunglasses said glasses integrated with tiny cameras and Meta’s AI assistant were one of the strongest drivers of quarterly sales, helping to push up shares and taking it to a market capitalisation of €101.5bn last week.
Ray-Ban parent EssilorLuxottica reveals 5% stake in Nikon
Global eyewear giant EssilorLuxottica has a 5.1% interest in Nikon, according to a Japanese securities disclosure filed Monday. EssilorLuxottica boasts many eyewear brands worldwide, including Ray-Ban. It has a market capitalization of around 96 billion euros ($105 billion) and logged sales of 25.3 billion euros for 2023 – nearly six times Nikon’s revenue for the fiscal year ended March 31.