Meta buys nearly 3% stake in EssilorLuxottica worth $3.5 billion

Meta acquired a stake of just under 3% in EssilorLuxottica, maker of Ray-Ban and Oakley, worth roughly €3 billion ($3.5 billion) at market prices, according to reports published July 9, 2025. An independent EssilorLuxottica board director confirmed the stake was 'at least 3%' and said nothing prevents it from growing toward 5% over time. The move deepens a hardware partnership that began in 2019 and has produced the Ray-Ban Meta and Oakley Meta smart glasses lines. EssilorLuxottica shares jumped about 6% on the news.