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Ray-Ban maker shares hits all-time high as investors bet on Meta AI glasses boom
Yahoo Finance·2025-10-17 15:11

By Gianluca Lo Nostro and Elisa Anzolin (Reuters) -Shares in Ray-Ban maker EssilorLuxottica rose 14% to hit an all-time high on Friday, adding nearly 20billioninmarketvalueasinvestorenthusiasmforitsAIpoweredRayBanMetaglassesgatheredmomentum.TheParislistedgroup,foundedbylateItalianentrepreneurLeonardoDelVecchioandapossiblecontenderintheracetobuyfashiongroupArmani,reportedonThursdaythirdquartersalesgrowthof11.720 billion in market value as investor enthusiasm for its AI-powered Ray-Ban Meta glasses gathered momentum. The Paris-listed group, founded by late Italian entrepreneur Leonardo Del Vecchio and a possible contender in the race to buy fashion group Armani, reported on Thursday third-quarter sales growth of 11.7% from a year ago to 6.9 billion euros (8.1 b ...