Ray-Ban parent company Essilor Luxottica takes 5.1% stake in Nikon
French eye-wear maker Essilor Luxottica (the parent company of Ray-Ban) has taken a 5.1% stake in Nikon. As a result, Nikon’s share price surged as much as 10% after confirmation from a regulatory filing and LSEG data. Nikon’s share price is up nearly 20% since the start of the year (2024):
- Based on current prices, this stake is valued at around $184 million.
- Essilor Luxottica began accumulating Nikon’s shares from as early as August 5 through October 1.
- Essilor Luxottica has had a joint venture with Nikon since 2000.
- Meta is reportedly also considering a stake of up to 5% in Essilor Luxottica. Ray-Ban currently sells Meta glasses with built-in cameras:
Nikon + Ray-Ban + Meta, does anyone see it?
Source: Reuters