Italian eyewear tycoon Leonardo Del Vecchio dies at 87

Published by
Reuters

By Claudia Cristoferi and Giulia Segreti MILAN (Reuters) -Italy’s Leonardo Del Vecchio, who rose from childhood poverty to build the eyewear empire that owns brands such as Ray-Ban and Oakley, has died at the age of 87, his company said on Monday. Del Vecchio added a dash of Italian style to spectacles and became one of Europe’s wealthiest men, investing some of his riches to build influential stakes in Italian financial companies Mediobanca and Generali. The billionaire founded the Luxottica business in 1961, initially to supply components for glasses, and remained the chairman and major shar…

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