Leonardo Maria Del Vecchio agrees €10 billion buyout to become largest Delfin shareholder
Updated
Updated · Bloomberg · Apr 27
Leonardo Maria Del Vecchio agrees €10 billion buyout to become largest Delfin shareholder
15 articles · Updated · Bloomberg · Apr 27
Leonardo Maria Del Vecchio, turning 31 next week, will acquire a 37.5% stake by buying siblings Luca and Paola’s combined 25% holding.
A majority of Delfin Sarl’s eight shareholders approved the deal, following months of negotiations and financing arrangements, making Leonardo Maria the leading figure in the Ray-Ban family empire.
The buyout aims to resolve governance deadlock at Delfin after Leonardo Del Vecchio’s 2022 death, streamlining decision-making for EssilorLuxottica’s parent company and consolidating family control.
With one heir now dominant, how will EssilorLuxottica's global strategy change?
Is a €10 billion leveraged buyout the only way to fix a family feud?
Could this family deal pave the way for a public IPO of the holding company?
Why do so many Italian family empires falter after the founder's death?
Was the founder's vision of dividing power equally a fundamental mistake?