Ray-Ban parent company Essilor Luxottica takes 5.1% stake in Nikon

By [NR] admin | Published: October 13, 2024


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

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