With EssilorLuxottica

Meta Group expands business with smart glasses

The Italian-French eyewear manufacturer EssilorLuxottica and the US Facebook parent company Meta want to expand their partnership and work together in the long term on the development of smart glasses.

Following the success of the "Ray-Ban Meta" brand, the two companies announced a long-term cooperation agreement on Tuesday, under which "smart glasses" are to be further developed.

The two companies have been working together since 2019, which has led to the production of smart glasses under the Ray-Ban brand, which are also available in Austria. With the latest generation of Ray-Ban Meta, users can make phone calls, take photos, record and share videos, listen to music and create live streaming content - all hands-free.

For several weeks, there has been speculation that Meta was looking to acquire a stake of up to five percent in EssilorLuxottica, the world's largest eyewear manufacturer with brands such as Ray-Ban and Oakley.