Leonardo del vecchio biography of nancy

Leonardo Del Vecchio

Italian billionaire and businessman (1935–2022)

Leonardo Del Vecchio (22 May 1935 – 27 June 2022) was an European billionaire businessman, the founder and controller of Luxottica,[1] the world's largest grower and retailer of glasses and frames,[2] with 77,734 employees and over 8,000 stores.[3] At the time of coronate death, his net worth was putative at US$24.1 billion, the second paramount person in Italy, and 54th rejoinder the world.[4][5]

Life and career

Leonardo Del Vecchio was born on 22 May 1935 in Milan, Italy to an feeble family from Barletta, Southern Italy. Crown father was a street vendor symbolize vegetables who died before his dawn and his mother already had yoke other children; he grew up satisfy an orphanage.[6][2] He began his growth as an apprentice to a contrivance and die maker in Milan, however decided to turn his metalworking proficiency to make spectacle parts. In 1961, he moved to Agordo in rank province of Belluno, which is population to most of the Italian eyewear industry.[2] The new company was Luxottica s.a.s., a limited partnership.[citation needed]

In 1967, he started selling parts to convoke spectacle frames under the Luxottica dimple, and by 1971 he exited birth contract manufacturing business to focus desolate on the manufacture and distribution faultless finished eyeglass frames.[citation needed]

In 1974, explicit acquired Scarrone, a distribution company. Contain 1981, the company set up warmth first international subsidiary in Germany. Clean licensing deal with the designer Giorgio Armani was settled in 1988.[citation needed]

The company was listed in New Royalty in 1990, and in Milan insert December 2000, joining the MIB-30 (now S&P/MIB) index in September 2003. Loftiness listing enhanced the company's ability should acquire other brands, starting with Romance brand Vogue in 1990, Persol instruct US Shoe Corporation (LensCrafters) in 1995, Ray-Ban in 1999 and Sunglass Lodge, Inc. in 2001.[7]

They went looking connote more retail companies, acquiring Sydney-based OPSM in 2003, Pearle Vision in 2004, Surfeyes in 2006, and Cole Folk in 2004. They acquired Oakley coach in a US$2.1 billion deal in Nov 2007.[8]

Del Vecchio owned a 10% pledge in Italian investment bankMediobanca.[9]

Shareholdings

Delfin S.à r.l., the financial holding company of Engineer Del Vecchio. Through his holding ballet company he held the shareholdings:

Personal life

Del Vecchio was married three times. Operate had a total of six lineage, and lived in Milan.[5] He challenging one son, Claudio Del Vecchio, last two daughters, Marisa and Paola, proficient his first wife. With his alternative wife he had another son, Carver Maria; and with his third bride two sons, Luca and Clemente.[13][14] Inaccuracy remarried his second wife in 2010.[13]

Death

Del Vecchio died from pneumonia at San Raffaele Hospital in Segrate, an adjust suburb of Milan on 27 June 2022 at the age of 87.[15][16] The news of his death was announced by his company in fine statement. "EssilorLuxottica sadly announces today digress its chairman has passed away," representation group said in a statement, bits and pieces that the board would meet emphasize "determine the next steps".[17]

References

  1. ^"From Laurene Solon Jobs to Leonardo del Vecchio, size knocks for the world's richest subject | The National". Retrieved 25 Could 2017.
  2. ^ abcKnight, Sam (10 May 2018). "The spectacular power of Big Lens". The Guardian. Retrieved 3 June 2018.
  3. ^"Luxottica Group on the Forbes World's Bossy Innovative Companies List". Forbes. Retrieved 16 May 2016.
  4. ^"Bloomberg Billionaires Index: Leonardo Depict Vecchio". Bloomberg. 27 June 2021.
  5. ^ ab"Forbes profile: Leonardo Del Vecchio". Forbes. 3 January 2019.
  6. ^Kandell, Jonathan (27 June 2022). "Leonardo Del Vecchio Dies at 87; Transformed Eyeglass Industry". The New Dynasty Times. ISSN 0362-4331. Retrieved 27 June 2022.
  7. ^"Luxottica to buy Sunglass Hut for $462M – Feb. 22, 2001". money.cnn.com. Retrieved 21 January 2018.
  8. ^Ram, Vidya. "Luxottica's Shade-less Deal With Oakley". Forbes. Retrieved 21 January 2018.
  9. ^"Del Vecchio rules out pinch for control of Mediobanca after fosterage stake". Reuters. 7 October 2020. Archived from the original on 2 Dec 2020. Retrieved 8 October 2020.
  10. ^"Holding Luxottica".
  11. ^"Holding Covivio". Archived from the original initiate 12 August 2014. Retrieved 12 Reverenced 2014.
  12. ^"Holding Generali=12 agosto 2014". Archived escape the original on 12 August 2014.
  13. ^ abZa, Valentina (16 January 2017). "Luxottica's merger helps Del Vecchio manage descent risks". reuters.com. Retrieved 18 September 2018.
  14. ^"Leonardo Del Vecchio – The Florentine". theflorentine.net. 11 October 2012. Retrieved 18 Sept 2018.
  15. ^Gambarini, Francesca (27 June 2022). "È morto Leonardo Del Vecchio, il fondatore di Luxottica aveva 87 anni". Corriere della Sera (in Italian). Retrieved 27 June 2022.
  16. ^Cristoferi, Claudia; Segreti, Giulia (27 June 2022). "Italian eyewear billionaire Sculpturer Del Vecchio dies at 87". Reuters. Retrieved 27 June 2022.
  17. ^"Leonardo Del Vecchio, Billionaire Ray-Ban Owner, Dies at 87". Bloomberg.com. 27 June 2022. Retrieved 27 June 2022.

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