Latest news with #EssilorLuxottica
Time Magazine
a day ago
- Business
- Time Magazine
TIME100 Most Influential Companies 2025: EssilorLuxottica
The French giant behind Ray-Ban, Oakley, Oliver Peoples, LensCrafters, and other brands is bringing eyewear's tech potential into focus. Ray-Ban's second-gen Meta smart glasses, which allow wearers to snap pics, send texts, make calls, and translate languages (among other functions), have sold over 2 million pairs. There's more to come: EssilorLuxottica and Meta in September formed a long-term agreement to produce more smart eyewear products. This year EssilorLuxottica's innovative Nuance Audio 'hearing glasses'—with built-in directional microphones and speakers, the FDA has approved them as over-the-counter hearing aids—went on sale in the U.S. and Europe. The company's portfolio is expanding into eyecare as well. In May, EssilorLuxottica acquired Optegra, which operates over 70 eye hospitals and diagnostic facilities across Europe. The company's strategic vision, it seems, involves bringing everything involving eyes under one roof.
Canada News.Net
3 days ago
- Business
- Canada News.Net
Meta deepens eyewear push with Oakley smart glasses launch
MENLO PARK, California: Meta is taking another swing at smart eyewear—this time with a sporty edge. The company announced a new partnership with Oakley to launch AI-powered glasses, broadening its footprint in the growing world of wearable technology. The launch follows Meta's recent success with Ray-Ban Meta smart glasses and deepens its collaboration with eyewear giant EssilorLuxottica, the parent company of both Oakley and Ray-Ban. The first product from this expanded partnership is the Oakley Meta HSTN, a limited-edition smart glasses model that blends Oakley's athletic design with Meta's artificial intelligence. The glasses feature a hands-free high-resolution camera, open-ear speakers, water resistance, and Meta AI capabilities built into the frame. Meta said pre-orders for the HSTN glasses will open on July 11 and start at US$499. More models will roll out later this summer and begin at $399. The Oakley Meta HSTN will debut at several high-profile sports events this month, including UFC International Fight Week and Fanatics Fest, to target a fitness-focused audience. The product will initially be available in North America, Australia, and several European markets, with Mexico, India, and the United Arab Emirates set to follow by the end of the year. Since their launch, Meta has already sold millions of Ray-Ban Meta glasses, driven by rising interest in AI-enhanced accessories that blend fashion and function. With this new offering, Meta aims to cement its lead in the smart glasses space ahead of rivals like Snap, which said earlier this month that its Specs smart glasses will hit the consumer market in 2025. Other major tech players, including Google, are also exploring opportunities in the AI wearables space.
Fashion Network
4 days ago
- Business
- Fashion Network
Oakley taps Travis Scott for 'chief visionary' role
Oakley announced on Monday the appointment of Travis Scott to the role of chief visionary, a newly created position, as the U.S. eyewear giant looks to tap into the rapper's star power and "defining" style. The duo have formed a multi-year partnership that looks to evolve the brand's creative direction across eyewear, apparel, and more. Scott and his Cactus Jack team will work closely with the EssilorLuxottica -owned Oakley to create new campaigns, reimagine a classic catalog of styles, and bring unreleased eyewear and apparel to market, including some of Scott's styles that he has previously worn on stage during his "Circus Maximus" tour. The two parties will also create new eyewear styles and introduce collaborative apparel through Scott's Cactus Jack brand, according to a press release. 'I'm inspired by what people think can't be done. It's about pushing culture and reworking ideas to see how far they can go,' said Scott. 'Oakley's design game is next level, and I had to be part of that. We're building something that blends legacy with the future - this is just the beginning.' To mark partnership, three Day Zero items are available now via Scott's website, including a 3-poster pack and two apparel pieces offering an early glimpse into the new partnership. 'Today marks a bold new chapter in Oakley's history as we proudly welcome Travis Scott as our Chief Visionary--a title that speaks to creativity, belief, and purpose, to forge something that's not only different--it's defining,' said Caio Amato, global president of Oakley. In its most recent trading update, parent company EssilorLuxottica reported a 7.3% increase in first-quarter revenue at constant rates, and reaffirmed its target of mid-single-digit percentage growth in annual revenue between 2022 and 2026 at constant exchange rates, with a goal of 27-28 billion euros by the end of the period.
Fashion Network
4 days ago
- Business
- Fashion Network
Oakley taps Travis Scott for 'chief visionary' role
Oakley announced on Monday the appointment of Travis Scott to the role of chief visionary, a newly creative position, as the U.S. eyewear giant looks to tap into the rapper's star power and unique style. The duo have formed a multi-year partnership that looks to evolve the brand's creative direction across eyewear, apparel, and more. Scott and his Cactus Jack team will work closely with the EssilorLuxottica -owned Oakley to create new campaigns, reimagine a classic catalog of styles, and bring unreleased eyewear and apparel to market, including some of Scott's styles that he has previously worn on stage during his "Circus Maximus" tour. The two parties will also create new eyewear styles and introduce collaborative apparel through Scott's Cactus Jack brand, according to a press release. 'I'm inspired by what people think can't be done. It's about pushing culture and reworking ideas to see how far they can go,' said Scott. 'Oakley's design game is next level, and I had to be part of that. We're building something that blends legacy with the future - this is just the beginning.' To mark partnership, three Day Zero items are available now via Scott's website, including a 3-poster pack and two apparel pieces offering an early glimpse into the new partnership. 'Today marks a bold new chapter in Oakley's history as we proudly welcome Travis Scott as our Chief Visionary--a title that speaks to creativity, belief, and purpose, to forge something that's not only different--it's defining,' said Caio Amato, global president of Oakley. In its most recent trading update, parent company EssilorLuxottica reported a 7.3% increase in first-quarter revenue at constant rates, and reaffirmed its target of mid-single-digit percentage growth in annual revenue between 2022 and 2026 at constant exchange rates, with a goal of 27-28 billion euros by the end of the period.
Fashion Network
4 days ago
- Business
- Fashion Network
Oakley taps Travis Scott for 'chief visionary' role
Oakley announced on Monday the appointment of Travis Scott to the role of chief visionary, a newly creative position, as the U.S. eyewear giant looks to tap into the rapper's star power and unique style. The duo have formed a multi-year partnership that looks to evolve the brand's creative direction across eyewear, apparel, and more. Scott and his Cactus Jack team will work closely with the EssilorLuxottica -owned Oakley to create new campaigns, reimagine a classic catalog of styles, and bring unreleased eyewear and apparel to market, including some of Scott's styles that he has previously worn on stage during his "Circus Maximus" tour. The two parties will also create new eyewear styles and introduce collaborative apparel through Scott's Cactus Jack brand, according to a press release. 'I'm inspired by what people think can't be done. It's about pushing culture and reworking ideas to see how far they can go,' said Scott. 'Oakley's design game is next level, and I had to be part of that. We're building something that blends legacy with the future - this is just the beginning.' To mark partnership, three Day Zero items are available now via Scott's website, including a 3-poster pack and two apparel pieces offering an early glimpse into the new partnership. 'Today marks a bold new chapter in Oakley's history as we proudly welcome Travis Scott as our Chief Visionary--a title that speaks to creativity, belief, and purpose, to forge something that's not only different--it's defining,' said Caio Amato, global president of Oakley. In its most recent trading update, parent company EssilorLuxottica reported a 7.3% increase in first-quarter revenue at constant rates, and reaffirmed its target of mid-single-digit percentage growth in annual revenue between 2022 and 2026 at constant exchange rates, with a goal of 27-28 billion euros by the end of the period.
