EssilorLuxottica is moving forward with leadership changes following Leonardo Maria Del Vecchio's exit, with Milleri taking on greater responsibilities to stabilize ownership-management relations.
The son of EssilorLuxottica's founder has resigned from his management positions following a reported dispute with the company's chief executive officer.
The US Federal Reserve maintained interest rates despite high inflation, with Chairman Warsh facing scrutiny over the decision. Meanwhile, Meta's AI strategy and future revenue projections are causing investor concern.
A bitter family feud among the heirs of eyewear giant EssilorLuxottica over power and money, specifically Ray-Ban billions, has escalated to involve lawyers and courts in Luxembourg.
Meta has launched a new, cheaper range of AI smart glasses, starting at $299, in collaboration with EssilorLuxottica, including a Kylie Jenner edition. These glasses integrate AI features and are designed to be more accessible, with new reports confirming the lineup's pricing.
The CEO of EssilorLuxottica expressed confidence that the company's share price will recover over time. This statement addresses investor concerns regarding the stock's performance.
Shares of EssilorLuxottica have fallen as investors assess the potential impact of smartglasses on the company's business. The market reaction reflects uncertainty regarding the future of eyewear technology and its effect on traditional products.
After years of disputes, the family of the late Leonardo Del Vecchio has reached an agreement regarding the €56 billion inheritance, with one of his sons emerging victorious in the battle for control of the Italian luxury giant EssilorLuxottica.
Priscilla Chan and Mark Zuckerberg wore coordinated loafers to the Prada fashion show.
ANGELA WEISS / AFP via Getty Images
Mark Zuckerberg and Priscilla Chan attended a Prada fashion show in Milan on Thursday.
The pair were spotted wearing coordinated Prada outfits, including his-and-hers loafers.
Meta has a deal with EssilorLuxottica, which works with Prada's eyewear line.
Mark Zuckerberg's style era has hit a new high.
The Meta CEO was spotted in the front row at Prada's Fall/Winter runwa...
Der Sohn des Gründers verlässt das deutsch-französische Unternehmen, was die internen Spannungen verschärft und auch Banken sowie Investoren unter Druck setzt.
EssilorLuxottica remains confident despite potential competition from tech giants Google and Apple in the smart glasses market, noting that sales of its AI-powered frames nearly doubled in the second quarter.
Meta has launched its new AI-powered smart glasses, developed with EssilorLuxottica, available in three frame styles including a special edition created with Kylie Jenner.
EssilorLuxottica, a global leader in eyewear, has completed the acquisition of Faro, an Italian technology eyewear manufacturing firm, expanding its production capabilities.
EssilorLuxottica is facing a significant challenge to expand its smart glass sales without negatively impacting its profit margins. The company must navigate this test to ensure sustainable growth in the emerging market.
EssilorLuxottica Logs Worst Week In Nearly Four Years As Apple Eyes AI Smart Glasses
Shares of EssilorLuxottica SA are on track for their worst weekly decline in nearly four years, as competition in the smart-glasses market intensified this week following reports that Apple plans to launch AI-powered smart glasses in 2027.
EssilorLuxottica manufactures the smart glasses that Meta sells under the Ray-Ban partnership. These glasses are in the sub-$500 category, which proves that affordability wins. Meta nailed that sweet spot in pricing, while Tim Cook's $3,500 Vision Pro has been an epic bust and failed to achieve mass adoption.
It's not just Apple. Citigroup analyst Veronika Dubajova noted this week that her team "expects a number of competitive launches in the smart eyewear market over the next 12 to 24 months."
Bloomberg-tracked Wall Street analyst ratings show no meaningful wave of downgrades following this week's Apple news, with roughly 93% of covering analysts maintaining a "Buy" recommendation.
Stifel analyst Cedric Rossi said that the entry of Apple and Google into the smart-glasses market represents more of a catalyst than a threat. "Their presence should accelerate consumer awareness and expand the total addressable market," he told clients earlier this week, adding that EssilorLuxottica "retains several key competitive advantages."
Shares of EssilorLuxottica in Paris are down about 10% this week, marking their largest weekly decline since the first week of March 2022.
From the 2025 peak, shares are down 26%.
Goldman analyst Jerry Shen recently published a detailed view of the AI and AR glasses supply chain, breaking it down by the companies that supply the critical components behind these devices (see report).
Tim Cook blew it with Vision Pro ... Meta takes the win.
Apple has to focus on affordability ...
Tyler Durden
Fri, 02/20/2026 - 08:20
Leonardo Maria Del Vecchio has resigned from all his management positions at EssilorLuxottica, the parent company of Ray-Ban, amidst an escalating family dispute over the company's direction. His departure highlights ongoing internal conflicts within the Del Vecchio family regarding the management of Delfin.
A bitter family conflict is unfolding over the holding company behind EssilorLuxottica, the owner of the Ray-Ban brand. The dispute could potentially lead to the breakup of the eyewear giant.
EssilorLuxottica is conducting a US campaign, with CEO Francesco Milleri meeting figures like Mark Zuckerberg, to shape the future of eyewear, particularly in the context of smart glasses like the Meta Glasses, which are noted as the first smart glasses without a Luxottica brand.
Heirs of the EssilorLuxottica luxury group are in an open dispute, with one sibling attempting to buy out others to gain control of the company in one of Europe's largest private deals.
EssilorLuxottica and Applied Materials have announced a partnership to develop smart glasses and advanced augmented reality (AR) technology, aiming to innovate in the wearable tech market.
The majority of heirs in the Del Vecchio family have approved a share transfer within Delfin, the holding company, which will increase Leonardo Maria Del Vecchio's stake to 37.5%.
Meta and EssilorLuxottica have officially launched their Ray-Ban Meta and Oakley Meta AI smart glasses in Singapore, making them available to consumers.