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The Latest Breaking News from Delfin

Luxottica founder's son resigns, says company has lost its soul

Leonardo Maria Del Vecchio has resigned as Ray-Ban chairman, accusing EssilorLuxottica's leadership of growing distant from staff.

The Ray-Ban heir who wants to buy out his own family from the luxury brand

An heir to the Ray-Ban fortune has gone public with a direct appeal to his family's holding company, urging it to support his multi-billion-euro plan to buy out two of his siblings just days before a decisive shareholder vote.

Ray-Ban heir escalates fight for family fortune control

Ray-Ban heir escalates fight for family fortune control

Heir Leonardo Maria Del Vecchio is publicly challenging his family's holding company, Delfin, over a proposed 10 billion euro buyout of two siblings. He accuses the board of unclear governance and shifting positions, escalating a battle for control of a vast fortune. The deal, aimed at consolidating his stake and…

The Economic Times

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Italy’s banking clash: MPS, Mediobanca, and their billionaire backers

Although the EU is pushing for greater banking consolidation in Europe, the reality in Italy is proving complicated.

Italian bank Monte dei Paschi launches 13 billion euro takeover bid for peer Mediobanca

Italian bank Monte dei Paschi di Siena has announced it is launching a 13.3 billion euro takeover bid for larger peer Mediobanca in a surprise move that could reshape the country’s banking sector

The Independent UK

Nepo Baby Billionaires: Forbes' Youngest Are All Heirs

There are no self-made billionaires under the age of 30 on Forbes' list of the world's richest, for the first time in 15 years.

Luxottica Eyewear Empire Founder Leonardo Del Vecchio Dies

Leonardo Del Vecchio, who founded eyewear empire Luxottica in a trailer and turned an everyday object into a global fashion item, becoming one of Italy's richest men in the process, died on Monday, the eyeglass company said. He was 87. "EssilorLuxottica announces with deep sorrow the passing of Chairman Leonardo…

Asharq Al-Awsat

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What happens to Italian tycoon Del Vecchio's $29 billion Ray Ban fortune?

What happens to Italian tycoon Del Vecchio's $29 billion Ray Ban fortune?

Leonardo Del Vecchio leaves a business empire worth 27 billion euros ($29 billion), ranging from the eyewear company that was his life's work to the stake in merchant bank Mediobanca he built in his 80s.

Ray Ban eyewear empire founder Leonardo Del Vecchio dies

Ray Ban eyewear empire founder Leonardo Del Vecchio dies

Leonardo Del Vecchio, who founded eyewear empire Luxottica and turned an everyday object into a global fashion item, has died in Italy

The Independent UK

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