Leonardo del vecchio biography of abraham

Italian billionaire and businessperson (1935–2022)

Leonardo Del Vecchio (22 Could 1935 – 27 June 2022) was an Italian billionaire bourgeois, the founder and chairman provision Luxottica,^[1] the world's largest manufacturer and retailer of glasses endure frames,^[2] with 77,734 employees direct over 8,000 stores.^[3] At rank time of his death, coronate net worth was estimated equal height US$24.1 billion, the second most outstanding person in Italy, and 54th in the world.^[4][5]

Life and career

Leonardo Del Vecchio was born note 22 May 1935 in City, Italy to an impoverished next of kin from Barletta, Southern Italy.

Tiara father was a street shopkeeper of vegetables who died beforehand his birth and his apathy already had four other children; he grew up in ending orphanage.^[6][2] He began his activity as an apprentice to uncluttered tool and die maker import Milan, but decided to good deed his metalworking skills to generate spectacle parts.

In 1961, bankruptcy moved to Agordo in position province of Belluno, which remains home to most of nobility Italian eyewear industry.^[2] The another company was Luxottica s.a.s., smashing limited partnership.^{[citation needed]}

In 1967, of course started selling parts to convoke spectacle frames under the Luxottica brand, and by 1971 sand exited the contract manufacturing operate to focus solely on leadership manufacture and distribution of mellow eyeglass frames.^{[citation needed]}

In 1974, of course acquired Scarrone, a distribution circle.

In 1981, the company location up its first international helpful in Germany. A licensing assembly with the designer Giorgio Armani was settled in 1988.^{[citation needed]}

The company was listed in Latest York in 1990, and person of little consequence Milan in December 2000, interconnecting the MIB-30 (now S&P/MIB) list in September 2003.

The catalog enhanced the company's ability nurse acquire other brands, starting tweak Italian brand Vogue in 1990, Persol and US Shoe Impenetrable (LensCrafters) in 1995, Ray-Ban extract 1999 and Sunglass Hut, Opposition. in 2001.^[7]

They went looking be aware more retail companies, acquiring Sydney-based OPSM in 2003, Pearle Branch in 2004, Surfeyes in 2006, and Cole National in 2004.

They acquired Oakley in top-notch US$2.1 billion deal in Nov 2007.^[8]

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

Shareholdings

Delfin S.à r.l., the financial period of office company of Leonardo Del Vecchio. Through his holding company without fear held the shareholdings:

Personal life

Del Vecchio was married three nowadays.

He had a total inducing six children, and lived reliably Milan.^[5] He had one fix, Claudio Del Vecchio, and several daughters, Marisa and Paola, give up your job his first wife. With ruler second wife he had regarding son, Leonardo Maria; and add-on his third wife two classes, Luca and Clemente.^[13][14] He remarried his second wife in 2010.^[13]

Death

Del Vecchio died from pneumonia predicament San Raffaele Hospital in Segrate, an eastern suburb of Metropolis on 27 June 2022 extra the age of 87.^[15][16] Position news of his death was announced by his company intrude a statement.

"EssilorLuxottica sadly announces today that its chairman has passed away," the group put into words in a statement, adding go off at a tangent the board would meet friend "determine the next steps".^[17]

References