Adds source, context
MILAN, June 27 (Reuters) – Leonardo del Vecchio, president of eyewear manufacturer EssilorLuxottica ESLX.PAand one of the richest businessmen in Italy, has died at the age of 87, Italian media reported on Monday.
JThere was no immediate comment from his company, but a source confirmed the reports.
Del Vecchio went from growing up in an orphanage to amassing a fortune of tens of billions of euros in one of the most famous stories of Italy’s post-war economic crisis.
The Italian businessman founded Luxottica in 1961 and created a company that owns the Ray-Ban brand and joined forces with French Essilor in a major merger in 2018.
HHis influence extended beyond his own business.
Its Delfin holding company is the main shareholder of the Italian financial services group Mediobanca MDBI.MI and has a stake of just under 10% in Italy’s largest insurer Generali GASI.MI.
(Reporting by Claudia Cristoferi, writing by Giulia Segreti Editing by Keith Weir)
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