Gucci-owner Kering aims to launch luxury Google glasses next year, CEO says [Yahoo! Finance]
ESSILOR LXTTCA UNSP/ADR (ESLOY)
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Source: Yahoo! Finance
next year, CEO Luca ?de Meo told Reuters, becoming potentially the first major luxury brand to enter ?the AI-powered eyewear sector. That will pit it against Italian-French eyewear leader EssilorLuxottica, which produces Ray-Ban smart glasses in partnership ?with Meta. "Probably next year, 2027," de Meo said when asked about the timeline for the smart glasses' launch during an interview on Thursday on the sidelines of Kering's capital markets day in Florence. Google did not immediately reply to a Reuters request for comment. The move is part of ?de Meo's broader strategy to scale ?up Kering's eyewear and jewellery divisions - which account for a fraction of the group's overall revenues - and help shield the luxury company from ?the shift in fashion tastes that has hit star brand Gucci. REVIVING GUCCI IN A CHANGING WORLD De Meo earlier on Wednesday said he aimed to more than double Kering's operating profit margin to ?put the ?group back into the same league as other ?major
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