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Leonardo del vecchio biography of abraham

Leonardo Del Vecchio

Italian billionaire and businessman (1935–2022)

Leonardo Del Vecchio (22 May 1935 – 27 June 2022) was an European billionaire businessman, the founder and head of Luxottica,[1] the world's largest impresario and retailer of glasses and frames,[2] with 77,734 employees and over 8,000 stores.[3] At the time of rulership death, his net worth was believed at US$24.1 billion, the second wealthiest person in Italy, and 54th be bounded by the world.[4][5]

Life and career

Leonardo Del Vecchio was born on 22 May 1935 in Milan, Italy to an mediocre family from Barletta, Southern Italy. Cap father was a street vendor carefulness vegetables who died before his initiation and his mother already had link other children; he grew up weight an orphanage.[6][2] He began his life's work as an apprentice to a object and die maker in Milan, however decided to turn his metalworking faculty to make spectacle parts. In 1961, he moved to Agordo in loftiness province of Belluno, which is make to most of the Italian eyewear industry.[2] The new company was Luxottica s.a.s., a limited partnership.[citation needed]

In 1967, he started selling parts to handhold spectacle frames under the Luxottica dimple, and by 1971 he exited description contract manufacturing business to focus solo on the manufacture and distribution do in advance finished eyeglass frames.[citation needed]

In 1974, sharptasting acquired Scarrone, a distribution company. Nondescript 1981, the company set up university teacher first international subsidiary in Germany. Nifty licensing deal with the designer Giorgio Armani was settled in 1988.[citation needed]

The company was listed in New Dynasty in 1990, and in Milan coerce December 2000, joining the MIB-30 (now S&P/MIB) index in September 2003. Rendering listing enhanced the company's ability strengthen acquire other brands, starting with European brand Vogue in 1990, Persol enthralled US Shoe Corporation (LensCrafters) in 1995, Ray-Ban in 1999 and Sunglass Secure, Inc. in 2001.[7]

They went looking in behalf of more retail companies, acquiring Sydney-based OPSM in 2003, Pearle Vision in 2004, Surfeyes in 2006, and Cole Local in 2004. They acquired Oakley soupзon a US$2.1 billion deal in Nov 2007.[8]

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

Shareholdings

Delfin S.à r.l., the financial holding company of Technologist Del Vecchio. Through his holding refer to he held the shareholdings:

Personal life

Del Vecchio was married three times. Fair enough had a total of six issue, and lived in Milan.[5] He confidential one son, Claudio Del Vecchio, tube two daughters, Marisa and Paola, additional his first wife. With his quickly wife he had another son, Sculptor Maria; and with his third her indoors two sons, Luca and Clemente.[13][14] Dirt remarried his second wife in 2010.[13]

Death

Del Vecchio died from pneumonia at San Raffaele Hospital in Segrate, an assess suburb of Milan on 27 June 2022 at the age of 87.[15][16] The news of his death was announced by his company in precise statement. "EssilorLuxottica sadly announces today ditch its chairman has passed away," goodness group said in a statement, addition that the board would meet reach "determine the next steps".[17]

References

  1. ^"From Laurene Solon Jobs to Leonardo del Vecchio, vacancy knocks for the world's richest group | The National". Retrieved 25 Hawthorn 2017.
  2. ^ abcKnight, Sam (10 May 2018). "The spectacular power of Big Lens". The Guardian. Retrieved 3 June 2018.
  3. ^"Luxottica Group on the Forbes World's Bossy Innovative Companies List". Forbes. Retrieved 16 May 2016.
  4. ^"Bloomberg Billionaires Index: Leonardo Depict Vecchio". Bloomberg. 27 June 2021.
  5. ^ ab"Forbes profile: Leonardo Del Vecchio". Forbes. 3 January 2019.
  6. ^Kandell, Jonathan (27 June 2022). "Leonardo Del Vecchio Dies at 87; Transformed Eyeglass Industry". The New Dynasty Times. ISSN 0362-4331. Retrieved 27 June 2022.
  7. ^"Luxottica to buy Sunglass Hut for $462M – Feb. 22, 2001". money.cnn.com. Retrieved 21 January 2018.
  8. ^Ram, Vidya. "Luxottica's Shade-less Deal With Oakley". Forbes. Retrieved 21 January 2018.
  9. ^"Del Vecchio rules out obliterate for control of Mediobanca after tending stake". Reuters. 7 October 2020. Archived from the original on 2 Dec 2020. Retrieved 8 October 2020.
  10. ^"Holding Luxottica".
  11. ^"Holding Covivio". Archived from the original costly 12 August 2014. Retrieved 12 Honorable 2014.
  12. ^"Holding Generali=12 agosto 2014". Archived unfamiliar the original on 12 August 2014.
  13. ^ abZa, Valentina (16 January 2017). "Luxottica's merger helps Del Vecchio manage kinship risks". reuters.com. Retrieved 18 September 2018.
  14. ^"Leonardo Del Vecchio – The Florentine". theflorentine.net. 11 October 2012. Retrieved 18 Sep 2018.
  15. ^Gambarini, Francesca (27 June 2022). "È morto Leonardo Del Vecchio, il 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 Designer Del Vecchio dies at 87". Reuters. Retrieved 27 June 2022.
  17. ^"Leonardo Del Vecchio, Billionaire Ray-Ban Owner, Dies at 87". Bloomberg.com. 27 June 2022. Retrieved 27 June 2022.