The rise of RayBan Stories and Mark Zuckerberg is planning to buy a 5% stake in EssilorLuxottica.
Late last week, The Wall Street Journal reported that Meta is in talks to acquire a 5% stake in EssilorLuxottica, the company behind those very Ray Ban sunglasses.
EssilorLuxottica, whom Meta has been working with on Ray Ban Stories for the past few years, owns various fashion brands, in addition to Ray Ban, including Oakley and Sunglass Hut.
Meta’s interest in buying 5% stake in EssilorLuxottica hints that RayBan and Meta partnership for sunglasses in going to be strong.
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