Meta Reportedly Seeking Stake in Eyewear Conglomerate EssilorLuxottica
Just a few days ago, it was announced that eyewear giant EssilorLuxottica would be buying Supreme for $1.5 billion USD, adding the streetwear label to its portfolio of over 150 brands.
It’s now being reported that Meta is gearing up to buy a 5% stake in EssilorLuxottica, which would effectively make the company a partial owner of Supreme, among other brands.
The tech corporation is in talks to acquire the stake, though that necessarily doesn’t mean it’ll pan out to a successful deal, The Wall Street Journal reported, citing people familiar with the matter.
Meta is already a partner with the EssilorLuxottica-owned Ray-Ban to make its collaborative smart glasses. Simply called the Ray-Ban Meta glasses, the pair uses a Ray-Ban frame, enhanced with Meta’s AI software.
Meta is reportedly looking to build on the success of the glasses and build more devices together by taking a minority stake, according to WSJ.
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Meta Reportedly Seeking Stake in Eyewear Conglomerate EssilorLuxottica
Meta Reportedly Seeking Stake in Eyewear Conglomerate EssilorLuxottica
Meta Reportedly Seeking Stake in Eyewear Conglomerate EssilorLuxottica
Meta Reportedly Seeking Stake in Eyewear Conglomerate EssilorLuxottica
Meta Reportedly Seeking Stake in Eyewear Conglomerate EssilorLuxottica
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