EssilorLuxottica

LEONARDO Maria Del Vecchio, an heir to the Ray-Ban empire built by his late father, publicly challenged his family’s holding company to back his 10 billion euro (S$14.8 billion) buyout of two siblings’ shares, days before a crucial Jun 30 shareholder meeting.

LEONARDO Del Vecchio, the Italian entrepreneur who started with a tiny optics workshop in the Dolomite mountains and ended up as the undisputed world leader in eyewear, has died. He was 87.

[BRUSSELS] EssilorLuxottica's 7.2 billion euro (S$10.85 billion) bid for Dutch opticians group GrandVision will face a full-scale European Union antitrust investigation after the company declined to offer concessions during an initial review, people familiar with the matter told Reuters on Friday.