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EssilorLuxottica family inheritance dispute threatens €46bn empire
Leonardo Del Vecchio, founder of EssilorLuxottica, died in 2022 leaving an estate valued at more than €46 billion. His will split the family holding Delfin Sarl into equal 12.5 % stakes for six children, his widow Nicoletta Zampillo and step‑son Rocco Basilico, giving no single heir decisive control. Major decisions in Delfin require near‑unanimous consent, creating a governance deadlock.
Leonardo Maria Del Vecchio, one of the heirs, proposed a €10 billion buy‑out of his siblings’ shares to raise his holding to 37.5 %. The plan was initially approved by the family but stalled because financing could not be secured. The dispute has coincided with a sharp fall in EssilorLuxottica’s share price—below 49 % of its November peak—causing a loss of about €23.4 billion in the family’s main asset. Leonardo Maria is now negotiating with Apollo Global Management to refinance roughly €1.1 billion of debt, and the family is weighing a split of Delfin’s eyewear business from its banking and insurance investments.
Entities
Delfin Sarl · EssilorLuxottica · Francesco Milleri · Leonardo Del Vecchio · Leonardo Maria Del Vecchio · Nicoletta Zampillo · Romolo Bardin
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 4 SOURCES] Delfin Sarl is the largest shareholder of EssilorLuxottica and of Banca Monte dei Paschi di Siena. www.sozcu.com.tr · www.novinky.cz · halktv.com.tr · www.telegram.hr
- [● 2 SOURCES] Leonardo Maria is negotiating with Apollo Global Management to refinance €1.1 billion of debt. www.novinky.cz · www.telegram.hr
- [● 4 SOURCES] Each heir received a 12.5 % stake in the family holding. www.sozcu.com.tr · www.novinky.cz · halktv.com.tr · www.telegram.hr
- [● 4 SOURCES] The governance structure requires near‑unanimous consent for key decisions, giving no single heir control. www.sozcu.com.tr · www.novinky.cz · halktv.com.tr · www.telegram.hr
- [● 4 SOURCES] Leonardo Del Vecchio's estate is valued at over €46 billion. www.sozcu.com.tr · www.novinky.cz · halktv.com.tr · www.telegram.hr
- [● 4 SOURCES] EssilorLuxottica shares fell to below 49 % of their November peak, causing a €23.4 billion loss in the family's main asset. www.sozcu.com.tr · www.novinky.cz · halktv.com.tr · www.telegram.hr
- [● 4 SOURCES] Leonardo Maria Del Vecchio offered €10 billion to buy his siblings' shares, aiming for a 37.5 % stake, but the plan stalled due to financing problems. www.sozcu.com.tr · www.novinky.cz · halktv.com.tr · www.telegram.hr
- [● 4 SOURCES] The family is considering separating Delfin's eyewear business from its banking and insurance investments. www.sozcu.com.tr · www.novinky.cz · halktv.com.tr · www.telegram.hr