Nikon’s Shares Jump After EssilorLuxottica Raises Stake

Here is a 177-word summary of the news article: Nikon's share price jumped after EssilorLuxottica, the company behind Ray-Ban sunglasses, revealed it had increased its stake in the Japanese optical equipment manufacturer. The move reflects EssilorLuxottica's growing investment in a key supplier of optical and semiconductor manufacturing equipment. Nikon's stock rose the most in over two weeks following the disclosure of EssilorLuxottica's increased shareholding. The French-Italian eyewear conglomerate is expanding its stake in Nikon, which is a major provider of specialized equipment used in the production of optical lenses and semiconductor chips. The growing alliance between the two companies underscores EssilorLuxottica's strategic interest in securing its supply chain and strengthening its position in the optical and technology industries. Nikon, in turn, stands to benefit from the financial backing and market influence of the global eyewear giant as it navigates industry challenges and pursues new growth opportunities.