Luxottica Heir Breaks Away to Launch Independent Ventures
Leonardo Maria Del Vecchio distances himself from the family conglomerate, launching independent business projects that shake up the group's stability.
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Leonardo Maria Del Vecchio distances himself from the family conglomerate, launching independent business projects that shake up the group's stability.

The chairman of the Luxottica holding company confronts debts reaching €1.3 billion, complicated by frozen Delfin dividends and stalled refinancing talks with the Apollo fund.

Leonardo Maria Del Vecchio, heir to the Luxottica founder, sent a letter to Delfin shareholders, expressing concerns over the restructuring process and alleged interference with ongoing banking risks.

An agreement has been finalized by Leonardo Maria Del Vecchio and his siblings regarding the shares and inheritance related to Delfin, the family's holding company.

EssilorLuxottica is moving forward with leadership changes following Leonardo Maria Del Vecchio's exit, with Milleri taking on greater responsibilities to stabilize ownership-management relations.

Delfin shareholders convened in Luxembourg to unanimously approve the 2025 budget, with Leonardo Maria Del Vecchio notably absent from the meeting. Discussions are ongoing regarding dividends and the transfer of shares belonging to Clemente and Rocco.

Four additional banks, including Bpm, Bbva, Deutsche, and SocGen, have joined the financing pool led by Unicredit and Crédit Agricole to fund Leonardo Maria Del Vecchio's acquisition of a 25% stake in the Delfin holding company.

The majority of heirs in the Del Vecchio family have approved a share transfer within Delfin, the holding company, which will increase Leonardo Maria Del Vecchio's stake to 37.5%.

Leonardo Maria Del Vecchio has resigned from all his management positions at EssilorLuxottica, the parent company of Ray-Ban, amidst an escalating family dispute over the company's direction. His departure highlights ongoing internal conflicts within the Del Vecchio family regarding the management of Delfin.
A conflict is escalating within the family behind the Ray-Ban glasses conglomerate, with Leonardo Maria Del Vecchio aiming to acquire siblings' shares to become the largest single investor in the Delfin holding company.

Leonardo Maria Del Vecchio and Rocco Basilico have reached a deal regarding the Delfin dispute, ending their legal battles. This agreement signifies a reconciliation between the family members.

Leonardo Maria Del Vecchio says he is closing in on agreement to buy stakes of two siblings in family holding company Delfin