Leonardo Del Vecchio news and archive

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Business

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...

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Fashion |PROFILE

Leonardo Del Vecchio framed his own success with Luxottica

From the small factory he founded in 1961 near Venice, Leonardo Del Vecchio created an eyeglasses empire, and at 81 is invading the corrective lenses market by merging his Luxottica firm with Essilor. The merger story is the latest chapter in Del Vecchio's rags-to-riches story. Born in 1935 in Milan, Del Vecchio was sent to an orphanage at a...

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Report

Luxottica co-chief executive steps down

Italian eyewear maker Luxottica has confirmed that its co-chief executive officer Adil Mehboob-Khan has resigned and will be replaced by founder Leonardo Del Vecchio, as the board of directors approved a simplification of its structure. In a statement, Luxottica stated that Mehboob-Khan, who took the helm in October 2014, will be paid a...

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People

Luxottica co-chief executive steps down

Italian eyewear maker Luxottica has confirmed that its co-chief executive officer Adil Mehboob-Khan has resigned and will be replaced by founder Leonardo Del Vecchio, as the board of directors approved a simplification of its structure. In a statement, Luxottica stated that Mehboob-Khan, who took the helm in October 2014, will be paid a...

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