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Del Vecchio: rags-to-riches-to-mega merger

The 46-billion euro tie-up between his Luxottica and Essilor creates a global powerhouse in the fast-growing 95-billion euro industry and family is kept at arms length

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Mr Del Vecchio (right) with Essilor's Mr Sagnieres in Paris. Mr Del Vecchio will be effectively sharing the driving seat with Mr Sagnieres, who will, as deputy CEO, the same powers.

Milan

BY SEALING one of the biggest European merger deals of recent years, 81-year old spectacles tycoon Leonardo Del Vecchio has added another chapter to one of Italy's most legendary rags-to-riches stories.

The 46-billion euro (S$70 billion) tie-up between Del Vecchio's Luxottica

sentifi.com

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