By Mauro Orru

EssilorLuxottica SA said late Wednesday that it is joining forces with Facebook Inc. for the development of smart glasses.

The Franco-Italian optical giant didn't disclose financial details, but said the partnership would be a multi-year collaboration effort.

The announcement came from Facebook Chief Executive Mark Zuckerberg at the annual Facebook Connect conference in California.

EssilorLuxottica said the first product would carry the Ray-Ban brand and is expected to launch in 2021.

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

(END) Dow Jones Newswires

September 17, 2020 01:35 ET (05:35 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
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