Ray-Ban parent EssilorLuxottica reveals 5% stake in Nikon

Eyewear giant builds on joint venture with Japanese optical group

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Ray-Ban owner EssilorLuxottica is one of the world's top eyewear companies. © Reuters

Nikkei staff writers

TOKYO -- Global eyewear giant EssilorLuxottica has a 5.1% interest in Nikon, according to a Japanese securities disclosure filed Monday.

EssilorLuxottica boasts many eyewear brands worldwide, including Ray-Ban. It has a market capitalization of around 96 billion euros ($105 billion) and logged sales of 25.3 billion euros for 2023 -- nearly six times Nikon's revenue for the fiscal year ended March 31.

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