$EL $ESLOY EssilorLuxottica Alternative Data Overview | TickerTrends.io
The TickerTrends Social Arbitrage Hedge Fund is currently accepting capital. If you are interested in learning more send us an email admin@tickertrends.io .
Ticker: $ESLOPY
Sector: Eyewear
Company Description
EssilorLuxottica is a leading global company in the optical and eyewear sector, headquartered in Paris, France. Formed through the merger of Essilor and Luxottica, the company combines expertise in advanced lens technology with iconic eyewear brands. Its portfolio includes well-known brands such as Ray-Ban, Oakley, Persol, and Oliver Peoples. Additionally, EssilorLuxottica holds licenses for luxury brands including Giorgio Armani, Burberry, Chanel, Dolce & Gabbana, Prada, and Brunello Cucinelli, among others. The company is at the forefront of innovation with products like the Ray-Ban x Meta, the first-ever eyewear featuring live streaming and Meta AI built-in. EssilorLuxottica continues to set industry standards by integrating cutting-edge technology with timeless design, reinforcing its position as a market leader in vision care and eyewear.
Meta Deal
Meta is considering a substantial investment in eyewear group EssilorLuxottica as it intensifies its efforts to develop smart glasses. This move follows discussions between the two companies to expand their existing collaboration, which has already seen success with the revamped “Ray-Ban Meta” smart glasses. Launched in October last year, the latest version of these glasses sold more in a few months than the previous generation did in two years, according to EssilorLuxottica’s CEO, Francesco Milleri. These new glasses allow users to livestream directly to Facebook and Instagram, and in the US, they are integrated with Meta’s AI assistant, enabling users to ask for information about their surroundings. They also used marketing strategies such as sending the glasses to influencers to post videos that they take with the glasses, broadening the audience to target younger people.
Meta’s CEO, Mark Zuckerberg, has been heavily investing in wearable technology, including virtual reality headsets, as part of a broader strategy to enter the wearable tech market. Simultaneously, EssilorLuxottica, has been pursuing deals aimed at attracting younger shoppers. For instance, they recently agreed to purchase US streetwear label Supreme for $1.5 billion. Sources close to the deal mentioned plans to launch Supreme smart sunglasses in partnership with Meta, targeting younger consumers and expanding their reach in the market.
Meta and Apple are vying to develop unobtrusive augmented reality glasses that could potentially replace smartphones as the next-generation computing device. However, the technology is still in its early stages, and consumers have been hesitant to adopt new types of devices. Zuckerberg noted in an April earnings call that the company’s outlook for smart glasses had “improved quite a bit” and highlighted this area as a significant investment within Meta’s AR and VR division, Reality Labs. He previously believed that glasses would need “full holographic displays to be a large market,” but the success of the Meta Ray-Bans indicated otherwise. He added that partnering with leading eyewear brands would help serve more of the market, given the varied design preferences among consumers for wearable AI.
Additionally, EssilorLuxottica has made strategic moves to expand its technological capabilities. The company recently acquired an 80% stake in Heidelberg Engineering, a German firm specializing in eye surgery technologies, as part of its push into the medtech sector. This acquisition aligns with EssilorLuxottica’s broader strategy to combine advanced technology with its eyewear expertise, potentially opening new avenues for growth and innovation in the eyewear and medical technology markets.
Other Brands
Oakley has seen a significant rise in the trend of sports glasses, not only for their functional benefits during activities like running but also as a fashion statement. Athletes and fitness enthusiasts have long appreciated Oakley’s cutting-edge technology and design that enhance performance and protect eyes from harsh environmental conditions. However, these high-performance sports glasses have now transcended their original purpose. They are being embraced in everyday fashion, often seen on influencers and celebrities who sport them in casual and urban settings. This fusion of functionality and fashion has positioned Oakley as a versatile brand that caters to both sports enthusiasts and style-conscious consumers.
EssilorLuxottica is making a significant move by acquiring the streetwear icon Supreme from VF Corporation. This acquisition, which follows VF’s $2.1 billion purchase of Supreme in 2020, represents EssilorLuxottica’s first major venture into the world of apparel. The deal is set to bring Supreme’s innovative and youthful edge into EssilorLuxottica’s portfolio, offering a fresh avenue to engage with new audiences and enhance its fashion credentials. EssilorLuxottica’s chairman and CEO, Francesco Milleri, highlighted that Supreme’s distinct brand identity and direct commercial approach will complement their existing eyewear business, adding a dynamic layer to their offerings. The acquisition is expected to close by the end of 2024, with Supreme founder James Jebbia continuing his involvement. It will be interesting to see how and if EssilorLuxottica will bring their current focus of technology to the brand while still maintaining Supreme’s identity especially given how the brand’s popularity has already peaked.
Ray-Ban remains a staple and reliable legacy brand in the eyewear industry. Known for its iconic designs, such as the Aviator and Wayfarer, Ray-Ban has maintained a strong presence over the decades. The brand’s commitment to quality and timeless style has earned it a loyal customer base that spans generations. Ray-Ban’s ability to stay relevant in a constantly evolving market is a testament to its enduring appeal and innovation. Whether through classic models or contemporary collaborations, Ray-Ban continues to be a go-to choice for consumers seeking dependable and stylish eyewear.
Discord Link: https://discord.gg/dGEW4Pyacd
Hedge Fund Enquiries: admin@tickertrends.io
Follow Us On Twitter: https://twitter.com/tickerplus