Facebook Inc. - Meta will become the world's largest eyewear company
The Facebook corporation Meta is set to enter the world's largest eyeglasses provider EssilorLuxottica. The CEO of the French-Italian industry giant, Francesco Milleri, made the interest public without providing further details. The company feels honored, but Meta would have to buy the shares for it on the stock exchange at the current price, Milleri stated on Thursday. There was no reaction from Facebook yet. It has been rumored for some weeks that Meta wants to buy up to a 5% stake in EssilorLuxottica with brands like Ray-Ban and Oakley.
The two companies already have a promising cooperation. Together they developed a frame with a Camera and speakers, which is an important building block for Meta's AI future. With such glasses, the software can see what the human is looking at - and react better to the situation, emphasized Facebook founder and Meta CEO Mark Zuckerberg. In addition, a KI-Chatbot can communicate with users when they don't have a display in front of their eyes.
Milleri confirmed that Google also showed interest in a cooperation with EssilorLuxottica. We feel very good about the partnership with Meta, he added.
- The interest from Meta, a leading tech company based in the United States of America, in EssilorLuxottica, a renowned eyeglasses provider based in France, has sparked interest in the consumer goods market.
- The potential collaboration between Meta and EssilorLuxottica could revolutionize the mode of operation in the software industry, with the integration of cameras and AI technology in their consumer products.
- During a recent press conference, Francesco Milleri, the CEO of EssilorLuxottica, mentioned that other companies like Google have also shown interest in collaborating, indicating a global trend towards technological integration in the consumer goods sector.
- With the rumors of Meta planning to invest up to 5% in EssilorLuxottica and its popular brands such as Ray-Ban and Oakley, the internet and software industries will closely monitor this development in the Paris-based company.
