Leonardo Del Vecchio, the chairman of spectacles maker EssilorLuxottica (ESLOF) and one of Italy's wealthiest business figures, has died aged 87, his company said on Monday.
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.
The Italian businessman founded Luxottica in 1961 and built up a company that owned the Ray-Ban brand and combined forces with France's Essilor in a major merger in 2018.
He 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.
Source: https://edition.cnn.com
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