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EssilorLuxottica profit surge and inheritance deadlock
Updated 2 times since CLSTR started tracking revisions of this situation.
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2026-08-01 03:53 UTC → 2026-08-19 16:52 UTC ·
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In late July 2026 2026, EssilorLuxottica reported a 15 % 15% rise in adjusted operating profit to €2.75 billion and a 9.7 % 9.7% increase in revenue to about approximately €14.8 billion, billion. This growth was driven by near‑doubling nearly doubling sales of AI‑enabled AI-enabled glasses made with Meta and a 24 % 24% jump in its myopia‑management myopia-management segment. The company also introduced a $299 AI smart‑glass model Despite these strong results, which beat analyst consensus, shares have fallen roughly 50% from their November peak due to uncertainty regarding the smart-glasses outlook and signalled further releases in September. shareholder governance at Delfin. The strong financial performance coincides with is overshadowed by a deepening inheritance dispute after deadlock following the 2022 death of founder Leonardo Del Vecchio’s death. Vecchio. His €46 billion estate was divided equally among six heirs, giving each a 12.5 % stake in estate, now estimated at up to €55 billion, is managed through the family holding company Delfin. The division of Delfin Sarl shares among his widow, Nicoletta Zampillo, her son Rocco Basilico, and requiring near‑unanimous consent for his six children has created a governance stalemate, as major decisions. decisions require near-unanimous consent. Tensions are further fueled by the fact that Delfin only distributes a mandatory 10% of its roughly €1.5 billion annual profit to its heirs. One heir, Leonardo Maria, has offered proposed a €10 billion buy‑out buyout to raise increase his stake to 37.5 %, 37.5%, but the deal plan stalled because due to financing could not be secured. difficulties. He is now in talks currently negotiating with Apollo Global Management to refinance roughly approximately €1.1 billion of debt, while in debt. Meanwhile, the family weighs a possible split of is considering splitting Delfin’s eyewear business from its banking and insurance assets. The dispute assets to resolve the dispute, which has contributed to a share‑price decline that erased loss of about €23.4 billion in the family’s primary asset value.
Versions
- 2026-08-19 16:52 UTC EssilorLuxottica profit surge and inheritance deadlock
- 2026-08-01 03:53 UTC EssilorLuxottica profit surge and inheritance deadlock
- 2026-07-30 16:32 UTC EssilorLuxottica profit growth and family feud
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