All material subject to strictly enforced copyright laws. © 2022 Euromoney Institutional Investor PLC group

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.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Take a Free Trial or Login
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree