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Inside Superyacht Moneikos: Leonardo Del Vecchio's $40 Million Superyacht

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Ownership of the superyacht, inside moneikos, what makes the superyacht special.

Italian billionaire businessman and the founder Luxottica, Leonardo Del Vecchio , has amazingly amassed a net worth of $33 billion. Luxottica is considered to be the world's largest producer and seller of frames and glasses worldwide. Del Vecchio owns about 62% of the shares in the company and holds the shares through his company called Delfin SARL. The company has over 77,734 employees and about 8,000 stores and branches across the world.

As of last year, Del Vecchio is estimated to be the second richest man in Italy and the 41 st richest man in the world. With this kind of money, it is safe to say that Leonardo Del Vecchio can buy whatever he wants and can do whatever he pleases. Among his purchases is the magnificent superyacht named Moneikos which he bought in 2006. Take a peek at the stunning superyacht owned by Leonardo Del Vecchio.

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The luxurious yacht that was designed by Anna Dellarole of Della Role Design has a lot of features to offer. Anna Dellarole of Della Role Design is also the person responsible for the beautiful interiors of the yacht. The Moneikos is owned by the second richest man in Italy, Leonardo del Vecchio, who made his wealth and fortune through the company Luxottica. The founder and owner Luxottica bought the superyacht Moneikos for $40 million in 2006. The modern interiors of the yacht are one of the reasons why Leonardo del Vecchio decided to make the purchase. Among the great features of the yacht that can make the millions of dollars spent on it are the humungous swimming pool with a continuous water flow generator, an elevator and its lavish design. Although the superyacht is already beautiful on its own, Leonardo del Vecchio decided to commission the Genoese Amico & Co shipyard to do the repair work that he wanted to be done on the vessel.

There can be about sixteen guests that can comfortably be accommodated by Leonardo Del Vecchio’s Moneikos and crew members totaling to sixteen people as well. The luxury motor yacht was built in 2006 at the Viagerrio shipyard by the Codecasa Yachts, an Italian shipyard. The exteriors of the yacht were done by the collaboration between Codecasa and Studio Dellarole. Studio Dellarole also did the interiors of the boat. The sizeable luxury motor yacht has about 62 metre of space and has a massive space for all its five levels. It offers ample space for accommodating all the people onboard who can easily access the deck of the yacht.

Moneikos is powered by two 3516B diesel Caterpillar that can bring a maximum speed of 17 knots and a normal cruising speed of 12 knots. The luxurious yacht also has a range of 6,000mm with an aluminum superstructure and steel hull. It also utilizes twin screw propellers and can approximately store 30,000 liters of fresh water on board. The yacht utilizes an HP of 4520 HP and the total kilowatts used by the yacht are about 3650. Moneikos is listed as 419 th largest yacht in the world and said to be the seventh largest yacht which was built by Codecasa. The superyacht is currently not available for charter.

Moneikos can be described as a luxurious modern and minimalistic yacht. The interiors of the yacht have ultra-modern juxtaposition of some dark wood flooring with some pale joinery and bulkheads. The interiors of the yacht give off a vibe of serenity and calmness. The soft furnishings of the yacht provide some comfort to the people on board without much unnecessary clutter. There is eight luxurious cabins that comprises an indulgent main suite, 4 deluxe cabins and 3 twin cabins. The main deck house of the yacht has two double bedded cabins and a twin room while the lower deck houses the two double bedded cabins with a spacious walk in closet and two twin rooms. The indulgent main suite has a stunning 180 degree sea view with a sprawling bathroom and an eye-catching walk-in cupboard. All the cabins on board are equipped with private bathrooms and some writing desks.

Aside from the cabins, there are also two salons on board which are located on the upper and main decks of the yacht. The location of the salons is ideal for some meetings and gatherings that can be held at the yacht. The upper deck of the yacht also houses a stunning dining area which can sit up to 16 guests that has some oversized pool with a spacious sun-bathing area. The lower deck has a garage where the tenders are being stored. There is an extraordinary staircase on the yacht and some internal lift service available to the people on board that can take them on all five levels of the yacht.

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Sources: Club Yacht , Super Yachts , Yacht Arbour , Super Yacht Fan

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Luxottica founder Leonardo Del Vecchio dies aged 87

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Silvia Sciorilli Borrelli in Milan

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.

Leonardo Del Vecchio, the billionaire founder of eyewear group Luxottica who rose from a childhood spent in an orphanage to become Italy’s second-richest man, has died at the age of 87.

EssilorLuxottica , created through the €50bn merger in 2017 of Del Vecchio’s company with its French rival, said on Monday it “expresses its deepest condolences to the family and to the global employee community for this enormous loss . . . The board will meet to determine next steps.”

Born into a working-class family in 1930s Milan, Del Vecchio was raised in an orphanage, an experience he described as “life-changing”. He started work as an apprentice aged 14 and would go on to build a personal fortune of more than €24bn.

At the age of 26, during Italy’s economic boom of the 1960s, he founded Luxottica in a small mountain town in the Veneto region, where the local administration offered land to anyone willing to start a business.

The eyewear group, which now employs 80,000 people worldwide, reported revenues of more than €19.8bn last year.

Following the Essilor deal, he also took large stakes in Generali, Italy’s biggest insurance group, and Milan-based investment bank Mediobanca.

While the Essilor merger has been mired with suggestions of a clash between Del Vecchio’s holding company Delfin and the French company, the Italian tycoon succeeded in appointing his closest confidant, Francesco Milleri, as chief executive of the combined group.

Where Del Vecchio struggled to show his magic touch was in the battle for control of Generali and Mediobanca.

As the bank’s largest investor with a stake of just under 20 per cent, he challenged Mediobanca’s reliance on its 13 per cent shareholding in Generali for profits.

At the same time, he engaged in a battle to replace Generali’s management alongside construction tycoon Francesco Gaetano Caltagirone. Their efforts failed in April when shareholders confirmed Philippe Donnet as chief executive.

While people in Milan’s financial circles saw it as an emotionally charged personal battle triggered by misunderstandings with Mediobanca chief Alberto Nagel, Del Vecchio’s entourage last year insisted he wanted to overhaul and rejuvenate Italy’s sleepy financial institutions. An endeavour, they say, that will be carried on by his successors.

Among bankers and executives in Milan, there are now questions about what the future holds for Delfin without its founder.

Del Vecchio was married three times, twice to Nicoletta Zampillo who will inherit a 25 per cent stake in Delfin. He is also survived by six children, including Claudio, the former owner of menswear brand Brooks Brothers. Each will hold a 12.5 per cent stake in the holding company, according to previously circulated plans.

His family members have never held leadership roles in his companies. “The reason is very simple, you can fire a manager, you can’t fire your children,” Del Vecchio once explained in an interview.

One executive who knew Del Vecchio well said that “after Leonardo, there isn’t another Del Vecchio even if he has many children . . . he had put Milleri in charge of many things”.

A person close to Del Vecchio said the billionaire “was too intelligent to be in denial about his own mortality”, and that plans that would allow his business empire to continue thriving were in place.

Caltagirone on Monday expressed his sorrow over Del Vecchio’s death. “I will miss him as a friend, as a businessman and as a man with solid values,” he said in a statement. “I always appreciated his loyalty, his determination and his detachment from power.”

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Essilorluxottica is extremely sad to announce its chairman leonardo del vecchio has passed away.

Charenton-le-Pont, France (June 27, 2022)  – EssilorLuxottica sadly announces today that its Chairman Leonardo Del Vecchio has passed away. The Company expresses its deepest condolences to the Family and to the global employee community for this enormous loss. The Board will meet to determine next steps.

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Luxottica and Essilor merger: How Leonardo Del Vecchio grows the success of his frame-making business

From the small factory he founded in 1961 near Venice, Leonardo Del Vecchio created an eyeglasses empire, and at 81 is invading the corrective lenses market by merging his Luxottica firm with Essilor

The logo of Italian company Luxottica is seen on the roof of the headquarter’s company in Milan (Photo credit: GIUSEPPE CACACE / AFP)

The merger story is the latest chapter in Del Vecchio’s rags-to-riches story. Born in 1935 in Milan , Del Vecchio was sent to an orphanage at a young age after his father died. At 15, he began working in a factory where the owner encouraged him to take night classes at the Brera Fine Arts Academy, in particular for design .

In 1958, Del Vecchio struck out on his own, opening his own eyeglasses workshop in the Venice region, the home of Italy’s eyeglasses industry. Three years later, he founded Luxottica , which specialised in making pieces for eyeglasses manufacturers.

The business began to take off in the early 1970s when Luxottica shifted focus to making its own eyeglasses frames, and then boomed in the 1980s when the company went after the US market.

The group is today a giant quoted on both the Milan and New York stock exchanges that generated more than 9 billion euros ($9.5 billion) in sales in 2015 and counts some 80,000 employees throughout the world.

It has a stable of top brands including Ray-Ban and Oakley sunglasses, while also manufacturing frames for luxury brands such as Chanel, Prada and Versace. Luxottica also owns the Sunglass Hut chain of retail shops.

‘Big vision’

The success of Luxottica has made Del Vecchio Italy’s second-richest person after Maria Franca Fissolo, the widow of Michele Ferrero, who transformed Ferrero into one of the world’s leading sweets companies.

Forbes magazine has estimated Del Vecchio fortune at $18.8 billion (17.75 billion euros).

“He owes his success to his own abilities. He was an orphan, he didn’t benefit from privilege. And despite that, he built an empire,” said Andrea Sianesi, dean of the business school at the Milan Polytechnic University.

“He’s someone who has a big vision,” said Sianesi, pointing out that Del Vecchio had the smarts to develop everything from “the factories, distribution networks to retail chains”. Del Vecchio “has a love for products and a deep knowledge of all the details. He knows all the elements of the cycle, from production to distribution,” said Sianesi, adding “he acquired all this experience on the ground”.

Having worked his way up himself, Del Vecchio has forged a strong bond with his employees. On his 80th birthday, he gave the firm’s 8,000 employees in Italy shares worth a total of around nine million euros.

“Luxottica has always been a very innovative company in terms of human resources management, for example allowing employees the possibility of setting their work hours depending on their personal obligations,” said Sianesi.

Succession turmoil

The issue of succession and the future of the company had raised concern and occasionally sparked turmoil in recent years.  In September 2014, Andrea Guerra quit after a decade as Del Vecchio’s right-hand man in charge of managing Luxottica, after falling out with the company’s founder. Guerra’s replacement lasted just 40 days.

After a year with two chief executives, Del Vecchio finally took over direct control of the firm in January 2016, along with the sales.

With the merger of Essilor, the world leader in corrective lenses, “…my dream to create a major global player in the eyewear industry, fully integrated and excellent in all its parts, comes finally true,” Del Vecchio said in the merger announcement.

Del Vecchio will be the chief executive of the new EssilorLuxottica.

The merger “is very coherent with the history of Luxottica’s development” as it will create a completely integrated group, said Sianesi at the Milan Polytechnic University.

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#8 Leonardo Del Vecchio Biography: The Man That Makes Glasses for the Entire World

• Post published: November 2, 2021
• Post category: Billionaires Series
• Post last modified: November 1, 2022

NB: Sadly, Leonardo del Vecchio died on the 27th of June 2022. He will be remembered as one of the greatest entrepreneurs of all time. This is his biography (written at the end of 2021, when he was still alive).

Leonardo del Vecchio is the founder, executive chairman, and former CEO of Luxottica, the biggest world manufacturer and retailer of eyeglasses, sunglasses, and eyewear.

His fortune stands as we speak at a staggering $33 billion, which makes him the second richest man in Italy.

Born in a poor family, he began working at 14 until he founded Luxottica 11 years later, at 25 years old, subsequently making it the giant it is today.

Here’s the story of Leonardo Del Vecchio.

Del Vecchio was born in Milan in 1935, the youngest of a poor family. He had four elder brothers.

His dad died shortly after he was born.

At seven years old, his family was so poor that Leonardo was entrusted to a catholic orphanage.

He began working at 14 years old in a steel factory, making cups and medals to help support his family.

That enabled him to save some money and encouraged by the factory owner, he enrolled in an evening design course at 19.

Three years later, he moved to another city to work in a metal engraving factory.

It was at that time that he became passionate about glasses.

At 25 years old, in 1958, he moved to Agordo which was the center of the Italian eyewear industry, to open an eyeglass frame shop.

His customers liked his products as they were of high quality.

In 1961, Leonardo created the company Luxottica. “Luxottica” was a combination of the words “luce”, meaning light, and “ottica”, meaning optics. He had 14 employees already, and specialized in making small metal parts for glasses.

Business was good, but it wasn’t enough for Del Vecchio. In 1967, he stopped making glasses parts and decided to assemble them from start to finish. He sold them to other companies and that’s how he started subcontracting.

He was so successful that four years later, he decided to sell glasses under the brand Luxottica on top of manufacturing for third parties.

Since he was now a B2C company, he attended a trade fair in Milan. He signed so many orders that he decided to stop manufacturing for others and to focus exclusively on Luxottica.

While Luxottica was doing great, Del Vecchio was unsatisfied. His position as a manufacturer-only did not enable him to get as close to his customers as he wanted to.

So he fixed this problem.

In 1974, Del Vecchio bought the retail chain Carrone to increase the vertical integration of Luxottica.

For the first time, Luxottica could control from start to finish the manufacturing, distribution, and sales of glasses.

But it wasn’t enough.

In 1981, he adventured himself out of Italy and set up a subsidiary in Germany.

Leonardo would never stop growing Luxottica from then on.

In 1981, Del Vecchio bought Avant-Garde, a US eyewear distributor, with a loan from an Italian bank. That same year, he opened four factories in the US and hired 4 500 people.

One year later, he had repaid his loan.

His manufacturing and R&D centers enabled him to pioneer new technologies, designs, and increase the quality of the glasses.

In 1985, Del Vecchio gave up his CEO seat to Roberto Chemello and became chairman to better focus on the growth of Luxottica instead of the daily operations.

That enabled him to notice a shift in the way customers used glasses.

While in the past, glasses were a medical device, they were becoming a fashion accessory.

Leonardo decided not to wait for the transition to complete and jumped into the fashion industry.

In 1988, Luxottica got a licensing deal with Armani.

Luxottica would manufacture, distribute and sell glasses under the Armani brand against a fee paid to Armani.

In 1990, Del Vecchio listed Luxottica on the New York Stock Exchange, which enabled him to go on a shopping spree the following decade.

His first purchase was the Italian brand Vogue.

In 1992, Luxottica signed another licensing deal with Brooks Brothers.

In 1995, Del Vecchio bought Persol, one of his direct competitors in Italy, and US Shoe Corporation, the owner of LensCrafters, North America’s largest optical chain.

That enabled Luxottica to become the largest producer and distributor of eyewear in the world, a place it still occupies to this day.

In 1997, they signed a licensing deal with Bulgari and entered the Chinese market with a Japanese partner.

In 1999, Luxottica bought Ray-Ban and signed a licensing deal with Chanel.

In 2000, Del Vecchio listed Luxottica on the Italian stock exchange in Milan, which enabled him to acquire retail chains to distribute his brands.

In 2001, they bought Sunglass Hut.

In 2002, their R&D efforts led to the creation of STAR, a supply chain and communication software platform for retail companies.

Then Luxottica bought Australian retail chain OPSM in 2003. That same year, they signed a licensing deal with Prada

In 2004, they bought Pearle Vision and Cole National and signed another deal with DKNY.

Del Vecchio took a step back from the leadership of Luxottica in 2004. His long-time CEO Roberto Chemello stepped down and was replaced by Andrea Guerra.

Still Growing

Now that he had a bit more time, Del Vecchio sought to diversify his investments.

He bought a majority stake into Beni Stabili, a real estate group, and entered an alliance with Foncière des Régions (today called Covivio), a French real estate group, to create the biggest real estate group in Europe.

During that time, he made sure that Luxottica kept on growing.

In 2005 Sunglass Hut began to expand into fast-growing foreign markets like the Middle East, South Africa, India, South-East Asia, Mexico, Brazil, and China,

Meanwhile, Luxottica bought Surfeyes in 2006 and signed with Dolce&Gabbana and Burberry.

In 2007, Luxottica bought US-based Oakley, a sports eyewear brand, for $ 2.1 billion in a hostile takeover. That same year, they signed yet another licensing deal with Ralph Lauren.

Then they signed with Tiffany in 2008, Tory Burch in 2009, and Coach in 2012.

In 2011, they bought Erroca, an Israelian eyeglass brand, for €20 million. In 2013, they bought Alain Mikli International.

And in 2014, they helped Google create the Google Glasses and bought glasses.com.

One year later, they signed a licensing deal with Michael Kors, then with Valentino in 2017.

In 2014, Andrea Guerra stepped down from his role as CEO and the structure of the company changed. It was decided there would be two CEOs to manage the in and out of the company.

However, it didn’t work out very well. After scrambling for two years, Del Vecchio decided to emerge out of his semi-retirement to come back as an executive chairman.

One year later, in 2017, Luxottica merged with Essilor, one of the biggest lenses companies in the world.

The new entity, called Essilor Luxottica, was estimated to be worth around €57 billion at the time of the deal.

Luxottica was simultaneously delisted from the NYSE due to the main share trading activity happening on the Italian stock exchange.

In 2018, Luxottica acquired a majority stake in Fukui Megane, a Japanese manufacturer of luxury frames.

Finally, in 2019, Luxottica delisted its shares from the Milan stock exchange as the merger with Essilor was completed.

At 86 years old, Del Vecchio still plays an active role in his company.

He has no plan to retire, which leaves many questions regarding the future of Luxottica unanswered.

While other billionaire founders like Richard Branson and Reinhold Wuerth got their children invested in their company, not even one of Del Vecchio’s six children has any managerial role in the company.

Luxottica is a classic mega-business tale.

Founders refused to list on the stock exchange, practiced vertical integration as much as they could, went on a buying spree of other companies to grow fast, invested enormous resources into R&D, and took good care of their staff.

In 2015, Del Vecchio gave shares worth nine million euros to 8000 Italian employees. Luxottica was also one of the first companies in the world to enable their employees to fix their working hours how it best suited them.

Even though Luxottica is today an eyeglass, lense, and eyewear monopoly, they are not planning on stopping growth just yet.

In their rapport of 2020, Del Vecchio and his co-chairman Hubert Sagnieres identified wearable and artificial intelligence as vectors for growth for the upcoming years.

This precisely, seems to be the secret of all of these mega-successful companies.

They never have enough. They don’t stop working, buying, developing, selling, and growing.

And this is why they succeed.

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Quanto costa Moneikos, lo yacht in vendita di Leonardo del Vecchio, fondatore di Luxottica

Leonardo Del Vecchio è venuto a mancare lo scorso 27 giugno e il suo yacht da 62 metri è stato messo in vendita in esclusiva da Royal Yacht International che ne ha svelato il lusso "intimo e familiare" della preziosa imbarcazione.

Moneikos è stato lo yacht della famiglia Del Vecchio dal 2006, che ne ha avuto cura in modo meticoloso. La lussuosa imbarcazione è stata in esposizione al Monaco show presso il Quai Chicane C22 del principato di Montecarlo fino al 1 ottobre ed è stata messa in vendita dopo aver avuto un solo armatore come proprietario.

Lo yacht può ospitare a bordo comodamente fino a 16 ospiti, oltre i membri dell'equipaggio, in otto cabine. La suite armatoriale, posizionata sotto il ponte prendisole, gode di una spettacolare vista panoramica a 180° e della totale indipendenza dal resto della nave.

Moneikos è stato costruito dal cantiere italiano di Viareggio Codecasa. Lo yacht è stato oggetto di restyling nel 2017 e nel 2020. È dotato di un ascensore interno che collega tutti i ponti della nave ed una scala a chioccola centrale unisce i vari livelli della nave.

La maggior parte delle generose cabine del personale si trova sul ponte inferiore. Mentre la zona prendisole è coperta per circa il 60% e offre agli ospiti la possibilità di rilassarsi in una piscina idromassaggio circolare con vista mozzafiato.

Gli interni dello yacht di Del Vecchio sono stati progettati dallo Studio Dedalo che ha scelto arredi di un eleganza senza tempo con legni pregiati e soffitti sono laccati a mano. Grande spazio è stato destinato alla palestra completamente attrezzata che offre a chi si allena una vista meravigliosa. Il costo per Moneikos è di 38 milioni di euro.

A post shared by ROYAL YACHT INTERNATIONAL (@royal_yacht)

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Parent item expand the sub menu, nike ceo john donahoe is out, prada spring 2025: a bolt of fashion lightning, seoul fashion week showcases new talent, programs, leonardo del vecchio’s delfin initiates arbitration process over essilorluxottica.

The request for arbitration has been deposited at the International Chamber of Commerce “to ascertain violations” to the Essilor and Luxottica merger inked in 2017.

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MILAN —  Leonardo Del Vecchio has officially thrown down the gauntlet.

The founder of Luxottica has, through his family holding Delfin, deposited a request for arbitration at the International Chamber of Commerce “to ascertain violations” to the Essilor and Luxottica merger inked in 2017.

Delfin attributes the violations to EssilorLuxottica and to Hubert Sagnières, chairman and chief executive officer of Essilor until the merger. He is now executive vice chairman of the combined entity.

Delfin stated that it demands to “obtain an injunction to respect the agreement until its deadline.”

As reported, six months after the merger of eyewear giants Luxottica and Essilor in-fighting between the combined group’s heads is reaching a fever-pitch.

An alleged power struggle is pitting Del Vecchio, who founded Luxottica in 1961 and holds 31 percent of voting rights in EssilorLuxottica, of which he is executive chairman, against Sagnières. Del Vecchio is also president of Delfin.

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In the arbitration request note, Delfin said it “will continue to act in the interest of the company, its employees and all its stakeholders” as it demands “rigorous respect of the agreements and in particular of the governance rules to be “conjoint and equal.”

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Delfin once again denied any effort to “take control” of EssilorLuxottica, whether “rampant” — a dig at Sagnières, who last week said that, “despite [Del Vecchio’s] denials, a certain number of his actions reflect a de facto attempt to take control of the new group, without any premium offered to shareholders” — or de facto.

“The accusations and other speculation circulated” about such a takeover “are groundless and only induce the market and the public in error,” continued Delfin.

In a letter of response to Essilor management on Thursday Sagnières reacted to Del Vecchio’s decision by reiterating that his claims are “unfounded and reflect an attempt by Delfin to destabilize Essilor. We staffed Essilor International (CGO) SA (now EssilorLuxottica) further to the hive-down in November 2017 of all activities of Essilor International (CGO) SA to Essilor International SAS. This was a requirement of the Combination Agreement to ensure that an appropriate management team required for a holding company of a listed group would be immediately in place. These executives benefit from a provision that allows them to be transferred back to Essilor International SAS if their employment agreements at EssilorLuxottica are terminated as a result of the hiring of joint executives. To be clear, Luxottica representatives knew of this hiring at the time of the closing of the transaction in October 2018.”

Sagnières accused Delfin of making “inaccurate statements” when it suggested that special arrangements had been made for these individuals.

“Despite denials by Delfin and its representatives, it has become clear that Mr. Del Vecchio wants to take control of EssilorLuxottica without paying a premium to the shareholders. He also wants to appoint Mr. Francesco Milleri as the CEO of EssilorLuxottica as stated several times. In this position, Mr. Milleri would have authority to impose his management style and views and, as such, he would breach the agreement that we have collectively agreed to and adopted,” Sagnières’ letter read.

The executive concluded by underscoring his commitment. “I will continue to ensure we accelerate operational efficiencies rather than becoming derailed by governance matters that often only reflect personal ambitions. The search for a future CEO of EssilorLuxottica is a priority for the success of the Group, and I give my full support to this effort. We must dedicate our energy to integrating the two businesses, under strong leadership, and implementing the synergies that we have promised to the market. These controversies do not prevent us from continuing to work to implement the different actions necessary for the full integration of the two groups. This is being carried out with the support of McKinsey alongside over 20 joint working groups involving hundreds of employees around the world.”

Last week, Sagnières responded to a statement issued by Delfin that accused Essilor’s executives of violating their merger deal. He also reacted to an interview given to Le Figaro newspaper that contained similar allegations.

“Delfin and its representatives published on Wednesday serious and false accusations regarding the group’s governance and management, accusations to which the board of directors had already responded, especially regarding the respect of the initial agreements,” Sagnières said last week.

Under their merger agreement of January 2017, the two executives agreed to co-manage until May 2021, with a new ceo for the group to be recruited, either internally or externally, by the end of 2020.

Sagnières claimed that as of Nov. 5, 2018 — before the first AGM of the combined group — Del Vecchio wished to “unilaterally delegate his role as ceo of EssilorLuxottica to Mr. Francesco Milleri,” referring to Del Vecchio’s longtime collaborator. “He has since then indicated that he would like to change the balance of powers established in the combination agreements,” he added.

He was responding to a note issued by Delfin last week that denounced “violations of the agreements and behavior contrary to the spirit of collaboration” that were the foundations of the merger between Essilor and Luxottica.

Delfin has stated that, following an EssilorLuxottica meeting held on March 18, its board had not released any communication in relation to the governance of the eyewear  giant.

Del Vecchio is “convinced of the enormous industrial value of the integration project, so much so that he has accepted a limitation to 31 percent of his voting rights and, for ‘an initial period’ that ends in the spring of 2021, also of equal power and representation on the board for Delfin and Essilor.”

The purpose of this “initial period” is to ensure “a gradual process of integration of cultures, values and organizations” of the two companies. At the end of this period, EssilorLuxottica will be ruled by the “normal governance mechanisms of a publicly listed company.”

Del Vecchio has accused Sagnières of naming four key managers, all from Essilor, to manage the group in January 2018 without consulting his counterpart or the advisory board.

EssilorLuxottica was formed through the 46-billion-euro merger of Italian eyewear giant Luxottica, the owner of Ray-Ban and the producer of eyewear under license for names including the Giorgio Armani Group, Bulgari, Burberry , Chanel, Coach, Prada and Versace, and France’s Essilor, billed as the world leader in ophthalmic optics and a key player in visual health.

The agreement was originally signed in January 2017, although the actual merger was delayed by around a year by investigations from competition authorities, and was finalized on Oct. 1, 2018.

The share’s value has fallen more than 20 percent since the merger, with analysts and investors concerned that the power struggle will hinder integration and synergy measures and the newly formed group’s long-term strategic focus.

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QUANT’È DIFFICILE PIAZZARE L'EREDITA’ GALLEGGIANTE DI LEONARDO DEL VECCHIO! –   NESSUNO VUOLE COMPRARE LO YACHT DA 62 METRI LASCIATO IN EREDITÀ DAL PATRON DI LUXOTTICA –   GLI EREDI LO HANNO MESSO SUL MERCATO MA HANNO DOVUTO ABBASSARE LE RICHIESTE GIA’ DUE VOLTE: DA 38 A 27,8 MILIONI – SE SIETE INTERESSATI, POTETE ANDARE A VEDERE LA SUPER-BARCA A MONACO, DOVE È ORMEGGIATA – OGNI ANNO LA FAMIGLIA DEL VECCHIO DEVE SBORSARE 3 MILIONI DI EURO SOLO PER TENERLA IN PORTO – SEMBRA COMPLICATO VENDERE ANCHE IL JET DA 70 MILIONI DI EURO… -

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Estratto dell'articolo di Mario Gerevini per www.corriere.it

Lo yacht e il jet. Un pezzo dell’eredità di Leonardo Del Vecchio è ormeggiato al porto di Monaco-Montecarlo ed è in vendita da novembre ma la cifra è stata appena ritoccata al ribasso, per la seconda volta, dal broker: 27.890.000 euro («prezzo imbattibile») contro una richiesta iniziale di 38 milioni.

Un altro pezzo del valore (da nuovo) di circa 70 milioni vola da un continente all’altro sotto il controllo della società lussemburghese (ex Isole Vergini) Vast Gain Group. Lo yacht Moneikos e il jet Gulfstream G650, sono due lussuosi e costosi “benefit” dell’ex Martinitt, una piccola porzione del patrimonio miliardario lasciato agli eredi.

Lo yacht era nel portafoglio personale del fondatore di Luxottica mentre il jet fa capo, indirettamente, alla holding di famiglia Delfin. Il panfilo di 62 metri è tra i beni dell’attivo ereditario da liquidare e dunque la somma andrà ad alimentare i conti ereditari presso Unicredit Luxembourg. Intanto però i costi di mantenimento sono enormi.

Per dare un’idea: 180 mila euro è la cifra pagata solo di premi assicurativi per le auto e le imbarcazioni ereditarie. Altre centinaia di migliaia partono per manutenzione, stipendi dell’equipaggio, spese di ormeggio (Monaco non è low cost), connessione, servizio satellitare ecc. Gli esperti stimano un costo di gestione annuale di circa 3 milioni. […]

L’altro mezzo di locomozione per benestanti è un business jet che fa capo alla Vast Gain Group Ltd, creata nel 2007 alle British Virgin Islands e traslocata in Lussemburgo nel 2015 . Si tratta di un Gulfstream G650, uno dei modelli top del mercato per il suo mix di autonomia, velocità (oltre 1.100 km/h) e spazio. […] Nuovo costa circa 70 milioni di dollari.

Nella società degli eredi Del Vecchio è a bilancio per un valore di 32 milioni. Sarà venduto? A differenza dello yacht non risultano mandati e per ora è noleggiato a una compagnia lussemburghese […]

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CHI FERMERÀ ORCEL NELLA SCALATA A COMMERZBANK?  UNICREDIT VUOLE CHIEDERE ALLA BCE IL VIA LIBERA PER PORTARE IL SUO CAPITALE DELL'ISTITUTO TEDESCO AL 30%, SOGLIA LIMITE PER LANCIARE L'OPA – DEUTSCHE BANK POTREBBE RILANCIARE MA HA I CAPITALI PER UNA FAIDA BANCARIA? – IL VERO OSTACOLO PER ORCEL SONO I SINDACATI TEDESCHI, CHE TEMONO UNA PESANTE SFORBICIATA AI POSTI DI LAVORO. ANCHE PERCHÉ LA GERMANIA VIVE UNA CRISI ECONOMICA PESANTE, COME DIMOSTRA IL CASO VOLKSWAGEN, CHE MINACCIA DI FARE FUORI 15 MILA DIPENDENTI…

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DAGOREPORT - SE LA MELONA NON L'HA PRESO BENE, TAJANI L'HA PRESO MALISSIMO L’INCONTRO TRA MARIO DRAGHI E MARINA BERLUSCONI , ORGANIZZATO DA GIANNI LETTA: NON SOLO NON ERA STATO INVITATO MA ERA STATO TENUTO COMPLETAMENTE ALL'OSCURO - L’EX MONARCHICO DELLA CIOCIARIA TREMA PER I SUOI ORTICELLI, PRESENTI E FUTURI: SE PIER SILVIO ALLE PROSSIME POLITICHE DECIDERA' DI SCENDERE IN CAMPO E PRENDERSI FORZA ITALIA, A LUI NON RESTERA' CHE ANDARE AI GIARDINETTI - E NEL 2029 PIO DESIDERIO DI ESSERE IL PRIMO PRESIDENTE DELLA REPUBBLICA DI CENTRODESTRA (ALMENO QUESTA E’ LA PROMESSA CHE GLI HA FATTO LA DUCETTA, IN CAMBIO DI NON ROMPERE TROPPO I COJONI A PALAZZO CHIGI)

FLASH! - COME MAI TOTI HA PREFERITO IL PATTEGGIAMENTO , QUINDI AMMETTENDO LA FONDATEZZA DELLE ACCUSE, AL MONUMENTO DI MARTIRE DELLA MAGISTRATURA CRUDELE, CHE ERA L'ASSO NELLA MANICA DEL CENTRODESTRA PER SPERARE DI MANTENERE IL POTERE IN LIGURIA? SEMPLICE: QUANDO, ANZICHE' CANDIDARE LA SUA FEDELISSIMA ILARIA CAVO, MELONI HA SCELTO IL SINDACO DI GENOVA, ANDREA BUCCI, LI HA SFANCULATI - E PER FAR VEDERE CHE TOTI CONTA ANCORA, PRESENTERA' LA PROPRIA LISTA CIVICA PER FAR ELEGGERE L'ADORATA CAVO...