TBNPortugal
Heir to Ray-Ban rejects 3.5 billion offer
Publication: ECO
Author: ECO IA
Source published: 01/11/2026, 13:46:39 UTC
Briefing created: 01/11/2026, 13:58:04 UTC
Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 01/11/2026, 13:56:24 UTC.
Briefings
Leonardo Maria Del Vecchio rejected a €3.5 million offer to acquire his half-sibling's 12.5% stake in Delfin, a family holding controlling EssilorLuxottica shares. The rejection follows his 2024 departure from EssilorLuxottica and ongoing family tensions with Francesco Milleri. Leonardo previously attempted to buy Luca and Paola's 25% shares for €10 million, but Delfin administration refused financial guarantees. Leonardo sold a small portion of his stake to Clemente Del Vecchio in October for €800,000. The company's shares are valued at over €40 million, including investments in Monte dei Paschi and Generali.
Key points
- Leonardo Maria Del Vecchio rejected a €3.5 million offer to acquire his half-sibling's 12.5% stake in Delfin, a family holding controlling EssilorLuxottica shares.
- Leonardo previously attempted to buy Luca and Paola's 25% shares for €10 million, but Delfin administration refused financial guarantees.
Context
Leonardo Maria Del Vecchio, 31, is the heir of Ray-Ban founder Leonardo Del Vecchio. He previously left EssilorLuxottica at the start of 2024. The Delfin holding controls nearly one-third of EssilorLuxottica. The family holds eight shares, each valued at 12.5%, though major decisions remain with Francesco Milleri and other managers.
Limitations
Information relies on Bloomberg and La Repubblica sources, which are paid or unverified. Delfin representatives and EssilorLuxottica officials declined to comment on the rejection. Leonardo sold a small portion of his stake in October for €800,000, but the total value of his holdings is not fully quantified. The article cites internal family dynamics and legal disputes but does not provide specific dates for the October sale or the exact timeline of the rejection.
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