By Adria CalatayudEssilorLuxottica shares rose after the eyewear giant said Google and other big technology companies showed interest in exploring partnerships after its tie-up with Meta Platforms to make Ray-Ban smart glasses. The remarks came after The Wall Street Journal reported last week that Meta was in talks to buy a stake of about 5% in EssilorLuxottica. At 0859 GMT, shares in EssilorLuxottica trade 7.3% higher at EUR206.90, taking their year-to-date gain to 14%. In addition to Meta, the company has seen interest from Google and other big tech companies in exploring partnerships, EssilorLuxottica's CEO said. The Verge last week reported, citing unnamed sources, that Google approached EssilorLuxottica about putting its Gemini artificial-intelligence assistant in future smart glasses.

Source: Wall Street Journal July 26, 2024 09:28 UTC