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leonardo del vecchio

January 16, 2017

Family-owned eyewear group Luxottica and French rival Essilor have agreed to a €46 billion ($49 billion) merger that will create a leader in the eyewear industry with revenues of more than €15 billion.

Family-owned eyewear group Luxottica and French rival Essilor have agreed to a €46 billion ($49 billion) merger that will create a leader in the eyewear industry with revenues of more than €15 billion.

The merger, one of the largest tie ups in European history, combines Luxottica, known for brands such as Ray Ban and Persol, and Essilor, a French company leading the charge in ophthalmic lenses.

September 3, 2014

A luxury fashion expert says Luxottica’s founder most likely had his business’s future at heart when ousting the sunglass empire’s non-family chief executive last week, despite media speculation that the exit was personal.   

A luxury fashion expert says Luxottica’s founder most likely had his business’s future at heart when ousting the sunglass empire’s non-family chief executive last week, despite media speculation that the exit was personal.

The Italian eyewear firm, which has annual revenues of €7.3 billion and includes brands such as Oakley and Ray-Ban, was brought to prominence during Andrew Guerra’s decade-long tenure. 

February 23, 2011

Founder and chairman of family-controlled eyewear group Luxottica, Leonardo Del Vecchio, has resigned from the board of insurance firm Assicurazioni Generali due to concerns over the company’s governance, say various reports.

Founder and chairman of family-controlled eyewear group Luxottica, Leonardo Del Vecchio, has resigned from the board of insurance firm Assicurazioni Generali due to concerns over the company’s governance, say various reports.

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