Sign inEssilorLuxottica's new year acquisition of an AI start-up just widened its avenue into the hearing market
As a form factor for delivering amplification, glasses have a conspicuous appeal, and the Nuance audio glasses being introduced by Milan-based EssilorLuxottica, for which FDA approval is anticipated to arrive in 2025, are already being welcomed and encouragingly reviewed on the market. A new acquisition by the Luxottica group can enhance this technology even more.
© EssilorLuxottica
In 2017, the global vision group Luxottica merged with the French giant, Essilor, creating a holding company employing over
200,000 people across 150 countries, 650 operations facilities, and 18,000 stores. In 2023 EssilorLuxotica generated consolidated
revenue of Euro 25.4 billion.
With figures like this shifting its hips around, EssilorLuxottica's venture into the hearing market can hardly be considered a dalliance; it can safely be reckoned a force likely to knock the names off a few tables as its bulky elegance acquires a swagger down the shopping aisles.
The tarnishing of integration of hearing technology into a glasses frame through past failure of other companies that tried it is fast being forgotten. Not only is this outfit too big and sassy to ignore; this time around there is new technology.
The Paris-listed owner of Oakley and Ray-Ban sunglasses is awaiting FDA approval for its Nuance Audio...
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