Meta Invests $3.5B in EssilorLuxottica

Platforms
Written By Rick Watson

Meta is an American multinational technology company that owns and operates prominent social media platforms and communication services, including Facebook, Instagram, Threads, Messenger, and WhatsApp, and is heavily investing in the development of the metaverse through its virtual and augmented reality technologies.

EssilorLuxottica is a global leader in the design, manufacturing, and distribution of vision care products and eyewear, formed in 2018 through the merger of French optical lens company Essilor and Italian luxury eyewear giant Luxottica.

Meta Platforms has reportedly acquired a 3% stake in eyewear maker EssilorLuxottica for $3.5 billion. EssilorLuxottica is the parent company of Ray-Ban and Oakley and has partnered with Meta since 2019. We will see more Ray-Ban Meta glasses in the wild.

Fashion Network: Meta invests $3.5 billion in world’s largest eye-wear maker in AI glasses push

Rick Watson

Rick Watson founded RMW Commerce Consulting after spending 20+ years as a technology entrepreneur and operator exclusively in the eCommerce industry with companies like ChannelAdvisor, BarnesandNoble.com, Merchantry, and Pitney Bowes.

Watson’s work today is centered on supporting investors and management teams incubating and growing direct-to-consumer businesses. Most recently, in partnership with WHP Global, Rick was a critical resource in architecting the WHP+ platform, a new turnkey direct to consumer digital e-commerce platform that powers AnneKlein.com and JosephAbboud.com.

Watson also hosts a weekly podcast, Watson Weekly, where he shares an unbiased, unfiltered expert take on the retail sector’s biggest players.

In the past year alone, Rick has spoken at many in-person and virtual events as well as podcasts on topics ranging from retail/ecom to supply chain/logistics and even digital grocery including CommerceNext IRL, ASCM Connect, and Retail Innovation Conference.

https://www.rmwcommerce.com/
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