Leonardo Del Vecchio news and archive

EssilorLuxottica heir reportedly seeking larger stake in family holding company

Leonardo Maria Del Vecchio, an heir to Ray-Ban parent company EssilorLuxottica, is believed to be seeking expanded influence over the eyewear conglomerate's holding company as the future of the empire's ownership structure comes into question. According to Reuters, the 31-year-old executive, who serves as chief strategy officer at...

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Luxottica founder Leonardo Del Vecchio dies at 87

Leondardo Del Vecchio, the founder of eyewear emporium Luxottica, died in Milan at the age of 87. Del Vecchio sat at the helm of the largest distribution group in the eyewear world, and had a personal wealth of 25.8 billion dollars, making him the second wealthiest person in Italy. Awarded with Italy’s Knight of the Order of Merit for Labor, he...