Billionaire Leonardo Del Vecchio, who rose from childhood poverty to build an eyewear empire, dies at age 87.
MILAN — Italy’s Leonardo Del Vecchio, who rose from childhood poverty to build the eyewear empire that owns brands such as Ray-Ban and Oakley, has died at the age of 87, his company said on Monday.
Fashion designer Giorgio Armani was among those to pay tribute to Del Vecchio with whom he had worked since the 1980s. “Leonardo Del Vecchio was a great Italian. His story, from orphanage to leadership of a business empire, seems like a story from another time. But it is an example for today and tomorrow. RIP,” European Economy Commissioner Paolo Gentiloni said on Twitter.“EssilorLuxottica sadly announces today that its chairman has passed away,” the group said in a statement, adding that the the board would meet to “determine the next steps”.
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