Salem Radio Network News Tuesday, August 16, 2022

World

EssilorLuxottica chairman Leonardo del Vecchio dies at 87- media

MILAN (Reuters) – Leonardo Del Vecchio, the chairman of spectacles maker EssilorLuxottica has died aged 87, Italian media reported on Monday.

The Italian businessman and billionaire founded Luxottica in 1961 and built up a company which owns the Ray-Ban brand and combined forces with France’s Essilor in a major merger in 2018.

His Delfin holding company is the largest shareholder in Italian financial services group Mediobanca and has a stake of just under 10% in Italy’s largest insurer Generali.

(Reporting by Claudia Cristoferi, writing by Giulia Segreti; Editing by Keith Weir)

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