EssilorLuxottica has bought more of Nikon Corporation’s shares

EssilorLuxottica has become Nikon Corporation’s largest shareholder, with a 10.8 percent stake.
(Eyewear Intelligence)

The eyewear industry behemoth has received the greenlight of Japanese authorities to increase its stake to up to 20 percent.

That upper limit is linked to the Japanese group’s semiconductor lithography equipment business, which is deemed strategic for the country’s security. EssilorLuxottica officially describes its stake as a long-time financial investment. Industry observers see clear synergies with the group’s smart eyewear and med-tech ambitions.