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In Luxottica, 12.5% is the deadlock number, the saga of the family that controls Ray-Ban.

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 08/11/2026, 12:11:24 UTC.

Briefings

Leonardo Del Vecchio, founder of EssilorLuxottica, died in 2022 at age 87, leaving a 43 billion euro stake in the Delfin holding. His successor Francesco Milleri faces a stalemate: with eight 12.5% shares, only 87.5% of votes are held, requiring an 88% quorum to pass decisions. This year, the deadlock became public as the opposition bloc threatened to block key corporate moves.

Key points

• Leonardo Del Vecchio died in 2022 at age 87, leaving Francesco Milleri as CEO of EssilorLuxottica.
• The 88% voting quorum rule means a single 12.5% shareholder can block decisions requiring majority support.

Context

EssilorLuxottica controls the Ray-Ban brand and other Delfin holdings. The 12.5% stake is the core of the impasse, preventing the board from acting without unanimous consent from the minority bloc.

Limitations

Evidence is limited to the 2022 death and the 2026 voting deadlock. No specific dates for the impasse resolution are provided, and the article is exclusive to paid subscribers.

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