Ray-Ban’s billionaire owner Leonardo Del Vecchio dies aged 87
MilanLeonardo Del Vecchio, the chairman of spectacles maker EssilorLuxottica and one of Italy's wealthiest business figures, has died aged 87, his company said on Monday.
"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."Del Vecchio rose from a childhood in an orphanage to amass a fortune of tens of billions of euros in one of the most famous rags-to-riches stories in Italy's post-war economic recovery."Leonardo Del Vecchio was a great Italian.
Watch Mark Zuckerberg announce new Facebook and Ray-Ban smart glasses 01:22Read MoreHe remained executive chairman of EssilorLuxottica until December 2020, when he handed the day-to-day leadership of the company to Chief Executive Francesco Milleri. He had personally supported Milleri as head of the Franco-Italian eyewear giant when the merged group was created.
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