“I’ve invested my fortune, the fruit of 70 years of work, my 62 per cent of Luxottica, in exchange for 32 % of EssilorLuxottica.” Self-made-man to the fine silhouette and tan, Leonardo Del Vecchio, founder of the giant Italian frames for glasses, not sulks not its pleasure: it is a CEO of a group of the CAC 40. But he does not hide his anger: he thinks to have been betrayed by Hubert Sagnières, the patron saint of Essilor, the world leader in corrective lenses, with which he must share until may 2021 the management of the enlarged group marriage sealed in January 2017.
Between the two men, it is now the war. On Wednesday, the Italian has made a request for arbitration with the international Chamber of commerce to arbitrate its dispute with the French. To 83-year-old, Leonardo Del Vecchio delivers his last fight as an entrepreneur. According to him, to enforce his rights ; according to Hubert Sagnières, to take control of the group, then he is committed to not climb to the capital. …
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