Luxottica founder cuts back liquidity offer

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Luxottica founder cuts back liquidity offer

Leonardo Del Vecchio, the founder and chairman of €13bn sunglasses firm Luxottica, has faced down calls to increase liquidity in his firm by selling more stock for most of the 22 year public life of the firm, but was this week persuaded to sell up to 7%, one quarter of the existing free-float.

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