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EssilorLuxottica is a stock I like. This Franco-Italian company is the worldwide leader in eyeglasses, including prescription spectacles and sunglasses. Their major brands are Ray-Ban, Oakley and Persol, and their retail outlets include LensCrafters, Sunglass Hut, and Vision Express.
The company is principally listed on the Euronext Paris stock exchange under the trading symbol "EL" but also trades in New York with the symbol "ESLOY". It has marginally outperformed the S&P 500 over the past five years.
The company is benefitting from widespread short-sightedness, and increased efforts to treat it properly in developing countries.
They also have an exciting partnership with Meta to develop web-connected, AI-powered, augmented reality smart glasses. The initial prototypes are still quite clunky, but they are getting there. Of course, Meta wants its users to access the web this way, not through an iPhone.
Finally, EssilorLuxottica has received FDA and EU (CE) approval for its new Nuance Audio Hearing Glasses. They sort out both your sight and your hearing problems, in one stylish, wearable device. I think I might get a pair, if my hearing deteriorates any further.
