
Del Vecchio Heirs Prepare to Transfer Delfin Shares to Personal Holdings
Luca and Paola Del Vecchio are set to transfer 25% of their Delfin stakes to personal holding companies, pending dividend resolutions in March.
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Luca and Paola Del Vecchio are set to transfer 25% of their Delfin stakes to personal holding companies, pending dividend resolutions in March.

Italian footwear company Delfin has granted regulatory approval for Luca and Paola Del Vecchio to transfer their respective 12.5% equity stakes to designated holding vehicles.

Basilico has challenged a resolution regarding the sale of 25% of shares belonging to Luca and Paola Del Vecchio in Delfin. Legal representatives for the opposing shareholder argue that the April 27 assembly violated the holding's statute, requiring unanimity rather than a 6-out-of-8 majority vote.