Nikon shares are up by a big 21 percent following news that Ray-Ban owner, EssilorLuxottica SA, is considering increasing its stake in the historic optics manufacturer. That’s according to a Bloomberg report by way of Nikon Eye. The same report, obtained from an anonymous source, states that the Franco-Italian company, best known for housing luxury eyewear brands such as Persol and Oakley, “is considering a move to boost its Nikon stake to around 20%”.
Currently, EssilorLuxottica SA has close to a 9-percent stake in Nikon, up from the 5.1 percent purchased in October of last year, when Reuters reported that the holding company invested €170 million (approximately $187 / £142 / AU$275 million) in the Japanese optics manufacturer. This was before Facebook owner, Meta, invested $3.5 billion in EssilorLuxottica SA, which creates a tenuous link between Nikon and the tech conglomerate.
