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leonardo del vecchio

May 24, 2021

Heineken brews acquisition of South Africa’s Distell Group, Berlusconi family's Fininvest exits Mediobanca, Nathan Cummings Foundation calls for racial equality in impact investing.

Heineken brews acquisition of South Africa’s Distell Group

Family-owned Heineken, the world’s second-largest brewer, could buy a majority share of a unique $1.8 billion South African wine and spirits company, making the deal its second acquisition in 2021.

The fourth-generation Dutch beer maker confirmed last week it is in talks with Distell Group Holdings over a “potential transaction”. The $23.7 billion brewer added discussions were ongoing and there was no certainty an agreement would be reached.

January 8, 2021

Arnault heir joins power trio in charge of Tiffany and Co, Founder Leonardo Del Vecchio steps back in EssilorLuxottica power transfer, Rockefeller Foundation divests $5 billion in fossil fuels.

Arnault heir joins power trio in charge of Tiffany and Co

Alexandre Arnault is being widely regarded as the heir apparent of his father’s French luxury goods empire LVMH with his appointment to the new executive leadership of Tiffany and Co.

Arnault (pictured), 28, is the second eldest son of Bernard Arnault (pictured below), 71, the billionaire chairman and chief executive of LVMH. The next-gen led luggage manufacturer RIMOWA since January 2017, after initiating and leading its acquisition by LVMH.

January 16, 2017

Family-owned eyewear group Luxottica and French rival Essilor have agreed to a €46 billion ($49 billion) merger that will create a leader in the eyewear industry with revenues of more than €15 billion.

Family-owned eyewear group Luxottica and French rival Essilor have agreed to a €46 billion ($49 billion) merger that will create a leader in the eyewear industry with revenues of more than €15 billion.

The merger, one of the largest tie ups in European history, combines Luxottica, known for brands such as Ray Ban and Persol, and Essilor, a French company leading the charge in ophthalmic lenses.

September 3, 2014

A luxury fashion expert says Luxottica’s founder most likely had his business’s future at heart when ousting the sunglass empire’s non-family chief executive last week, despite media speculation that the exit was personal.   

A luxury fashion expert says Luxottica’s founder most likely had his business’s future at heart when ousting the sunglass empire’s non-family chief executive last week, despite media speculation that the exit was personal.

The Italian eyewear firm, which has annual revenues of €7.3 billion and includes brands such as Oakley and Ray-Ban, was brought to prominence during Andrew Guerra’s decade-long tenure. 

February 23, 2011

Founder and chairman of family-controlled eyewear group Luxottica, Leonardo Del Vecchio, has resigned from the board of insurance firm Assicurazioni Generali due to concerns over the company’s governance, say various reports.

Founder and chairman of family-controlled eyewear group Luxottica, Leonardo Del Vecchio, has resigned from the board of insurance firm Assicurazioni Generali due to concerns over the company’s governance, say various reports.

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