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EssilorLuxottica
EssilorLuxottica to move into hearing aids after buying Israeli start-up
...The Franco-Italian group, created through a €50bn merger in 2017 of the late Leonardo Del Vecchio’s eyewear group Luxottica and French lens manufacturer Essilor, acquired Israeli hearing technology start-up...
July 25, 2023
Mediobanca SpA
The billionaires and the bank: the tussle at the top of Mediobanca
...Caltagirone and Del Vecchio have for years accused the bank of holding back Generali’s expansion....
October 26, 2023
FT Live
Global Insurance Summit
Strengthening resilience, capital and innovation as systemic risks evolve
Thursday, 13 JuneLondon, UK
Mediobanca SpA
Mediobanca CEO scores victory in power struggle with top investors
...The Del Vecchios’ company had sought to secure as many as a third of the seats on the 15-strong board, as part of a push to shake up the management of the bank....
October 28, 2023
Due Diligence
SBF tries to talk his way out of trouble Premium content
...Alberto Nagel and a competing minority roster selected by Italy’s Del Vecchio family....
October 27, 2023
Assicurazioni Generali SpA
Generali chief will not be ‘distracted’ by billionaire shareholders
...The company will also create a €250m venture fund to invest in insurance start-ups. A person close to Delfin, Del Vecchio’s holding company, has previously criticised Generali as a “fintech laggard”....
December 15, 2021
Inside BusinessSilvia Sciorilli Borrelli
Italy’s push to reform its capital markets hits a hitch
...It was also backed by Delfin, the holding company of the late Leonardo Del Vecchio which owns roughly 10 per cent in the insurer. The move lost out against the outgoing’s board list....
September 19, 2023
FT Live
Global Private Banking Awards 2024
Celebrating excellence in wealth management
Thursday, 7 NovemberThe Landmark London, London, UK
Live news updates from June 27: G7 to impose new sanctions on Russian arms industry, Property developer Evergrande faces winding-up petition
Luxottica founder Leonardo Del Vecchio dies
...Del Vecchio, who was born into a very poor family, was Italy’s second-richest man having built a fortune of more than €24bn....
June 27, 2022
Leonardo Del Vecchio
Luxottica founder Leonardo Del Vecchio dies aged 87
...Caltagirone on Monday expressed his sorrow over Del Vecchio’s death. “I will miss him as a friend, as a businessman and as a man with solid values,” he said in a statement....
June 27, 2022
John Gapper
The invisible science of eyewear beats augmented reality
...Del Vecchio’s first insight was that eyewear was ripe for transformation from a medical device into a fashion accessory....
July 1, 2022
LexAssicurazioni Generali SpA
Generali/Del Vecchio: investors should back Donnet against grandees Premium content
...Unfortunately for Donnet, Leonardo Del Vecchio and Francesco Gaetano Caltagirone — two of Italy’s richest men — are not typical investors....
December 15, 2021
Due Diligence
How not to value a company in crisis Premium content
...In today’s newsletter: EY’s $2.3bn NSO Group valuation The legacy of Leonardo Del Vecchio Prosus’s Tencent troubles Inside EY’s valuation of a company in crisis To the outside world, it would’ve seemed...
June 28, 2022
Live news updates from May 27: Texas police made ‘wrong decision’ in waiting to storm classroom, G7 urges Opec to raise output
Rebel investor quits Generali board after defeat in key vote
...Caltagirone and fellow Generali shareholder Leonardo Del Vecchio have been embroiled in an extended campaign at the insurer aiming to replace the current management team, under chief executive Philippe Donnet...
May 27, 2022
Assicurazioni Generali SpA
Generali shareholders back management after fight with rebel investors
...It has pitted Mediobanca against other large shareholders Caltagirone and eyewear billionaire Leonardo Del Vecchio, who also backed Costamagna and Cirinà....
April 29, 2022
News in-depthAssicurazioni Generali SpA
Billionaires in battle: power struggle at top of Italian finance
...Del Vecchio’s role as a power player in the industry came relatively late in his career....
November 28, 2021
Assicurazioni Generali SpA
Tensions intensify at Generali as rival CEO candidate suspended
...A person close to Del Vecchio’s holding company Delfin has accused the current management of a lack of ambition when it comes to dealmaking....
March 23, 2022
FT Live
Global Wealth Management Summit
Recalibrating business for multi-generational private clients
Wednesday, 6 November222 Marylebone Road, London NW1 6JQ, United Kingdom
Insurance
Generali chair expresses ‘sadness’ as he announces departure
...Generali has been caught up in a power struggle in recent months as two of its biggest investors — Italian businessmen Leonardo Del Vecchio and Francesco Gaetano Caltagirone — pitted themselves against its...
February 16, 2022
FirstFT
FirstFT: G7 explores energy price caps
...Raised in an orphanage, Del Vecchio went on to build a personal fortune of more than €24bn and become Italy’s second-richest man....
June 28, 2022
News in-depthAssicurazioni Generali SpA
Bitter battle for control of Generali nears climax
...The sides have taken aim at the other’s efforts to increase their stakes in Generali, with Costamagna and Del Vecchio criticising Mediobanca’s move to borrow 4 per cent of the insurer’s shares in a bid to...
April 26, 2022
Due Diligence
The private equity world gets Musked Premium content
...Tension between Nagel and Del Vecchio goes back to a disagreement over a charity donation a few years ago, according to people with knowledge of the relationship....
April 27, 2022
European prime property
Home sales in Florence continue to flourish
...The property, a 420 sq m penthouse, is in Palazzo Portinari Salviati, a prestigious family home converted into high-end apartments and hotel suites on Via del Corso, with views over Brunelleschi’s cathedral...
September 30, 2022
InterviewMediobanca SpA
Italy needs reform to be ‘business-friendly’, says Mediobanca chief
...Del Vecchio recently became the bank’s single largest shareholder with a 19.4 per cent stake....
January 24, 2022
The Aesthete
Moncler chief Remo Ruffini talks taste
...The best book I’ve read in the past year is a biography of Leonardo Del Vecchio, founder and former chairman of Luxottica, the great Italian eyewear brand....
October 13, 2022
Assicurazioni Generali SpA
Rebel investor quits Generali board after defeat in key vote
...Caltagirone and fellow top-three Generali shareholder Leonardo Del Vecchio have headed a campaign to replace the current management team, under chief executive Philippe Donnet, who is supported by the insurer...
May 27, 2022
LexAssicurazioni Generali SpA
Generali: tussle in Trieste requires conclusive outcome Premium content
...Caltagirone and eyewear mogul Leonardo Del Vecchio control about 17.4 per cent of votes....
April 21, 2022
LexAssicurazioni Generali SpA
Generali/Caltagirone: blurred lines bring voting practices under scrutiny Premium content
...With the support of eyewear mogul Leonardo del Vecchio and the Fondazione Cassa di Risparmio di Torino, Caltagirone controls 17.4 per cent....
April 13, 2022

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