Leonardo Maria Del Vecchio and Rocco Basilico, both 12.5% shareholders in the Luxembourg-based family firm, have been locked in a dispute that threatened the stability of their collective assets. The conflict centered on a controversial April shareholder vote to consolidate control, a move Basilico challenged through local authorities. Delfin, which holds a 32.4% stake in EssilorLuxottica, also maintains significant influence over Assicurazioni Generali and Banca Monte dei Paschi di Siena.
Del Vecchio Heirs Near Truce in Multi-Billion Euro Inheritance Feud
A bitter legal standoff over the late Leonardo Del Vecchio’s empire is nearing a resolution, as two key heirs have reached a provisional agreement to drop competing lawsuits. The move aims to clear the path for a 10 billion euro restructuring of Delfin, the holding company controlling the Ray-Ban maker.
Should the settlement finalize, it will effectively authorize a buyout that raises Leonardo Maria Del Vecchio’s stake to 37.5%. This consolidation is designed to streamline governance within the family empire, which was divided equally among six children, the founder's widow, and Basilico following the billionaire’s death in 2022. While sources close to the matter indicate that technical details remain under review, the cessation of litigation marks a significant pivot toward ending the public friction between the heirs.
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