1030 GMT - EssilorLuxottica should benefit from Google's partnership with both Warby Parker and Kering to develop artificial intelligence-powered glasses, Equita Sim analyst Domenico Ghilotti writes in a note. The deal signals the expected reaction of players like Google to the commercial success of Ray-Ban smart glasses, which EssilorLuxottica develops with Meta Platforms, Ghilotti says. It marks "a confirmation of the growing relevance of this product for the penetration of AI solutions," the analyst adds. EssilorLuxottica and the Facebook parent company are leading the category to date, with 2 million of Ray-Ban smart glasses sold at the end of 2024 and a new release expected for the second half of the current year, he says. Shares in EssilorLuxottica are down 0.8%. (andrea.figueras@wsj.com)
(END) Dow Jones Newswires
May 21, 2025 06:30 ET (10:30 GMT)
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