EssilorLuxottica heir goes public with buyout plan to acquire siblings' stakes
By
Quirino Mealha
Summary
Leonardo Maria Del Vecchio, 31-year-old son of the late EssilorLuxottica founder, has gone public with an open letter urging his family's investment vehicle to support his multi-billion-euro plan to buy out two of his siblings. The move escalates a private succession dispute into the public eye, as he seeks to tighten his control over one of Europe's largest fortunes. EssilorLuxottica owns over 150 brands including Ray-Ban, Oakley, and Supreme. The decisive shareholder vote is expected within days.
Source
bskyEssilorLuxottica heir goes public with buyout plan to acquire siblings' stakesl.euronews.comKey quotes
· 3 pulledLeonardo Maria Del Vecchio, one of the children of the late EssilorLuxottica founder Leonardo Del Vecchio, has taken a private succession dispute into the open
The 31-year-old set out his case in an open letter published on Friday by Quotidiano Nazionale, the Italian newspaper owned by Del Vecchio
pressing the board of the family's investment vehicle to back a buyout that would tighten his grip on one of Europe's great fortunes
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