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Luxottica Heir €14B Bid to End Family Feud

Bloomberg Markets •
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A potential €14 billion buyout offer from one of Leonardo Del Vecchio's sons could resolve a bitter inheritance dispute within the EssilorLuxottica empire. The proposal would see him acquire his siblings' stakes in the family holding company, according to sources familiar with the matter.

The eyewear giant, formed through the 2018 merger of Luxottica and Essilor, has been navigating complex succession issues since Del Vecchio's death in 2022. The founder built the company from a small workshop into the world's largest eyewear manufacturer, with brands including Ray-Ban and Oakley. His estate is reportedly valued at over $30 billion.

This potential transaction represents one of the largest family business settlements in recent European corporate history. The deal could provide clarity for investors and stabilize governance at EssilorLuxottica, which has faced questions about leadership continuity. The buyout offer comes as the company continues to dominate the global eyewear market with annual revenues exceeding €20 billion.