EssilorLuxottica Heir Completes €10 Billion Buyout of Siblings
Leonardo Maria Del Vecchio has secured approval from Delfin shareholders to buy out his siblings' shares in the family holding company, which controls EssilorLuxottica, in a €10 billion deal. The transaction would make him the largest individual shareholder in the company, which owns major brands like Ray-Ban and Oakley. The deal requires final approval from lenders and may resolve a governance deadlock following the death of the company's founder in 2022.
Topics: corporate governance Delfin EssilorLuxottica family business shareholder buyout