MILAN, July 25 (Reuters) - The head of eyewear company
EssilorLuxottica said Meta had informed him
that it might take a stake in the company, adding on Thursday
that he would welcome such a step.
The comments from CEO Francesco Milleri follow media reports
last week that Meta could invest in the Ray-Ban maker. The Wall
Street Journal said the two companies had discussed Meta taking
a 5% stake in the Franco-Italian group.
"We are informed of this kind of intention," Milleri
told analysts in an earnings call, adding that such interest was
welcome.
"We are proud that the company that know us very well now
after years of partnership is convinced that our company, our
group, can grow," Milleri said.
"We have no plan for a capital increase dedicated to Meta,"
he added, saying any share purchase would have to be made on the
market. EssilorLuxottica has a market capitalisation of around
88 billion euros ($95 billion), according to LSEG data.
The two groups already have a partnership for smart glasses
and Milleri said the relationship was really strong and it
would be a long-term one.
Milleri said earlier in July that the new generation of
Ray-Ban Meta smart glasses had sold more in a few months than
the old ones did in two years. The smart glasses went on the
market last October, allowing users to livestream directly from
them to followers on Facebook and Instagram.
($1 = 0.9221 euros)