EssilorLuxottica designs, manufactures and distributes ophthalmic lenses, frames and sunglasses. The company's proprietary brands include Ray-Ban, Oakley, and Vogue Eyewear. It also offers licensed eyewear brands including Giorgio Armani, Burberry and Chanel. In addition, its portfolio also includes lens technologies, including Varilux, Transitions and Crizal. Late in the month, EssilorLuxottica agreed to acquire the AI-focused ophthalmology platform Optegra from MidEduropa, as part of the group's medical technology strategy. Last year, EssilorLuxottica extended a partnership with Facebook parent Meta to develop smart Ray-Ban glasses, as part of its push into artificial intelligence.
EssilorLuxottica is the largest eyewear manufacturer in the world, boasting more than 150 exclusive brands. eToro's LuxuryBrands Smart Portfolio invests in companies whose brands are synonymous with the highest levels of quality spanning sectors such as fashion, hospitality, and transport.