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Essilorluxottica

All articles tagged with #essilorluxottica

Meta Unveils Budget Glasses With Built-In AI, Expanding Beyond Ray-Ban Partnership
technology20 days ago

Meta Unveils Budget Glasses With Built-In AI, Expanding Beyond Ray-Ban Partnership

Meta announces a cheaper standalone Meta Glasses starting at $299, built with EssilorLuxottica and featuring a Meta AI button, Muse Spark AI, live translation in 14 languages, open-ear audio, cameras with a privacy ring light, and 8 hours of use (up to 40 extra hours with a foldable charging case). The lineup includes 26 styles across Meta’s store and retailers, while continuing support for Ray-Ban and Oakley partnerships.

via bgr.com|
#essilorluxottica#meta#muse-spark
Meta Glasses go live at $299 to accelerate AI wearables
technology21 days ago

Meta Glasses go live at $299 to accelerate AI wearables

Meta unveiled Meta Glasses, a $299 line of smart glasses (three designs) built with EssilorLuxottica; they don’t carry Ray-Ban or Oakley branding, lack a built-in display, but include a camera and speakers and tap Meta's AI for translation or scene description and photo/video capture, signaling Meta's push to own a hardware platform for the AI era amid rising competition from Google and Snap.

via CNBC|
#augmented-reality#essilorluxottica#meta
fashion10 months ago

Giorgio Armani's Legacy: Heirs Prepare to Sell Major Stake Amid Final Collections

Following Giorgio Armani's death, major luxury companies like LVMH, L’Oréal, and EssilorLuxottica have expressed interest in acquiring his fashion group, with potential stakes to be sold over the next few years. Armani's will designates the Armani Foundation to oversee the company's future, emphasizing brand continuity, strategic growth, and cautious diversification, while maintaining control within the family and key partners like Leo Dell'Orco.

via WWD|
#essilorluxottica#fashion#giorgio-armani
EssilorLuxottica Acquires Supreme for $1.5 Billion
business2 years ago

EssilorLuxottica Acquires Supreme for $1.5 Billion

Italian eyewear manufacturer EssilorLuxottica is acquiring streetwear brand Supreme for $1.5 billion from VF Corp, which bought it for $2.1 billion in 2020. The sale reflects limited synergies between Supreme and VF Corp's other brands, and comes as Supreme's popularity has waned. EssilorLuxottica sees the acquisition as a way to connect with new audiences and expand its portfolio.

via CNN|
#acquisition#business#essilorluxottica
EssilorLuxottica Acquires Supreme for $1.5 Billion
business2 years ago

EssilorLuxottica Acquires Supreme for $1.5 Billion

EssilorLuxottica has agreed to acquire the Supreme brand from VF Corporation for $1.5 billion in cash. The acquisition is expected to close by the end of the year, subject to regulatory approvals. Supreme, known for its digital-first business and 17 global stores, will join EssilorLuxottica's portfolio, leveraging the eyewear giant's expertise and operating platform. VF Corporation, which bought Supreme for $2.1 billion in 2020, decided to sell due to limited synergies with its integrated model.

via WWD|
#acquisition#business#essilorluxottica