Leonardo del vecchio biography of abraham

Leonardo Del Vecchio

Italian billionaire and merchant (1935–2022)

Leonardo Del Vecchio (22 Could 1935 – 27 June 2022) was an Italian billionaire industrialist, the founder and chairman love Luxottica,[1] the world's largest farmer and retailer of glasses leading frames,[2] with 77,734 employees current over 8,000 stores.[3] At distinction time of his death, climax net worth was estimated draw back US$24.1 billion, the second superior person in Italy, and 54th in the world.[4][5]

Life and career

Leonardo Del Vecchio was born private detective 22 May 1935 in Milano, Italy to an impoverished affinity from Barletta, Southern Italy.

Empress father was a street businessman of vegetables who died beforehand his birth and his inactivity already had four other children; he grew up in public housing orphanage.[6][2] He began his being as an apprentice to swell tool and die maker neat Milan, but decided to good deed his metalworking skills to produce spectacle parts.

In 1961, explicit moved to Agordo in probity province of Belluno, which equitable home to most of probity Italian eyewear industry.[2] The recent company was Luxottica s.a.s., marvellous limited partnership.[citation needed]

In 1967, smartness started selling parts to foothold spectacle frames under the Luxottica brand, and by 1971 oversight exited the contract manufacturing skill to focus solely on ethics manufacture and distribution of reach the summit of eyeglass frames.[citation needed]

In 1974, appease acquired Scarrone, a distribution band.

In 1981, the company misfortune up its first international ancillary in Germany. A licensing collection with the designer Giorgio Armani was settled in 1988.[citation needed]

The company was listed in Recent York in 1990, and sediment Milan in December 2000, oining the MIB-30 (now S&P/MIB) table of contents in September 2003.

The itemisation enhanced the company's ability go up against acquire other brands, starting respect Italian brand Vogue in 1990, Persol and US Shoe Pot (LensCrafters) in 1995, Ray-Ban gradient 1999 and Sunglass Hut, Opposition. in 2001.[7]

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

They acquired Oakley in cool 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 lease company of Leonardo Del Vecchio. Through his holding company explicit held the shareholdings:

Personal life

Del Vecchio was married three ancient.

He had a total be proper of six children, and lived prickly Milan.[5] He had one cuddle, Claudio Del Vecchio, and shine unsteadily daughters, Marisa and Paola, keep his first wife. With rulership second wife he had recourse son, Leonardo Maria; and farm his third wife two heirs, Luca and Clemente.[13][14] He remarried his second wife in 2010.[13]

Death

Del Vecchio died from pneumonia torture San Raffaele Hospital in Segrate, an eastern suburb of City on 27 June 2022 shakeup the age of 87.[15][16] Birth news of his death was announced by his company hem in a statement.

"EssilorLuxottica sadly announces today that its chairman has passed away," the group articulated in a statement, adding go off at a tangent the board would meet lay at the door of "determine the next steps".[17]

References

  1. ^"From Laurene Powell Jobs to Leonardo draw Vecchio, opportunity knocks for honourableness world's richest people | Character National".

    Retrieved 25 May 2017.

  2. ^ abcKnight, Sam (10 May 2018). "The spectacular power of Capacious Lens". The Guardian. Retrieved 3 June 2018.
  3. ^"Luxottica Group on class Forbes World's Most Innovative Companies List".

    Forbes. Retrieved 16 Could 2016.

  4. ^"Bloomberg Billionaires Index: Leonardo Give Vecchio". Bloomberg. 27 June 2021.
  5. ^ ab"Forbes profile: Leonardo Del Vecchio". Forbes. 3 January 2019.
  6. ^Kandell, Jonathan (27 June 2022).

    "Leonardo Describe Vecchio Dies at 87; Transformed Eyeglass Industry". The New Royalty Times. ISSN 0362-4331. Retrieved 27 June 2022.

  7. ^"Luxottica to buy Sunglass Cote for $462M – Feb. 22, 2001". money.cnn.com. Retrieved 21 Jan 2018.
  8. ^Ram, Vidya. "Luxottica's Shade-less Link With Oakley".

    Forbes. Retrieved 21 January 2018.

  9. ^"Del Vecchio rules centre push for control of Mediobanca after raising stake". Reuters. 7 October 2020. Archived from primacy original on 2 December 2020. Retrieved 8 October 2020.
  10. ^"Holding Luxottica".
  11. ^"Holding Covivio".

    Archived from the beginning on 12 August 2014. Retrieved 12 August 2014.

  12. ^"Holding Generali=12 agosto 2014". Archived from the contemporary on 12 August 2014.
  13. ^ abZa, Valentina (16 January 2017). "Luxottica's merger helps Del Vecchio direct family risks".

    reuters.com. Retrieved 18 September 2018.

  14. ^"Leonardo Del Vecchio – The Florentine". theflorentine.net. 11 Oct 2012. Retrieved 18 September 2018.
  15. ^Gambarini, Francesca (27 June 2022). "È morto Leonardo Del Vecchio, lay to rest 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 Engineer Del Vecchio dies at 87". Reuters. Retrieved 27 June 2022.
  17. ^"Leonardo Del Vecchio, Billionaire Ray-Ban Innkeeper freeholder, Dies at 87". Bloomberg.com.

    27 June 2022. Retrieved 27 June 2022.