Member access

4-Traders Homepage  >  News  >  Business Leaders  >  Business Leaders Biography

Business Leaders

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 
HomeAll newsMost read newsBusiness Leaders Biography 
Portrait de Leonardo Del Vecchio
Leonardo Del Vecchio
Birthday : 05/22/1935
Place of birth : Milan - Italy
Country of residence : Italy
Linked companies : Generali Group - Fonciere des Regions SA - Luxottica Group SpA
Biography

Leonardo Del Vecchio, second richest man in Italy and 71st global fortune in 2011, according to Forbes. He is the founder and president of Luxottica, the world leader in the development, production, marketing and distribution of glasses. He holds 68.5% of the group.

Fatherless, Leonardo Del Vecchio is constrained at 14 years old to find a job in order to help the family. For some years he worked at a tool manufacturer; and at 19 years old he began study industrial design; at evening classes while continue to work in a day-time.

Fascinated by glasses’ frames, in 1961 he moved to Agordo a small village in the region of Venice. In this valley, are concentrates all the important players specialized in the manufacture of glasses, from design to marketing.

In 1967, Del Vecchio decided to enter in glasses assemblage’s market. Big bet because the competition is very strong. In 1976, Luxottica decided to stop the furniture for others brand, and developed its own brand of eyewear.

For the following years, Del Vecchio has used the research to become leader in the sector. He also developed a real strategy for distribution, and the acquisition of Italian Scarronne, in 1974, allows him to set up an efficient sales network.

In 1981, he developed the international strategy and he opened a first international subsidiary, in Germany.
In 1988, Luxottica focused on luxury brands. First partnership with Giorgio Armani opens the way to other agreements in the luxury industry. Del Vecchio bought historical brands as Persol and Ray-Ban.

In May 2008, Luxottica bought for $2.5 billion the U.S brand Oakley, specialized in the sport segment.

Citations
“I am proof that you can you make money in Italy and be honest.”
Copyright © 4-traders.com / Photo © Maxppp
Latest news about Leonardo Del Vecchio 
New Strategic Plan Likely in January
2012 - MILAN--Italian insurance giant Assicurazioni Generali SpA could present a new strategic plan at the beginning of next year, a former member of its board said Thursday, MF-Dow Jones reports. "It seems to me [in January]," said Leonardo Del Vecchio--who
1  2  3  4  5  6  7  8  9  10Next
Advertisement
Popular Business Leaders 
Sheldon Adelson Paul Allen Mukesh Ambani Bernard Arnault Luc Besson Vincent Bolloré Martin Bouygues Richard Branson Warren Buffett Steve Case Benjamin De Rothschild Paul Desmarais Bill Gates Philip Green Carl Icahn Steve Jobs Li Ka-shing Eric Knight Arnaud Lagardère Lakshmi Mittal Rupert Murdoch François-henri Pinault Naguib Sawiris Stephen Schwarzman Carlos Slim George Soros Donald Trump Guy Wyser-pratte Jerry Yang Romain Zaleski
A-Z Business Leaders
Most Read News 
BlackRock Profit Climbs
04/17 - BlackRock Inc. said its first-quarter earnings climbed 20%, surpassing analysts' forecasts as revenue rose on strong pe...
Tech workers seek to use Steve Jobs evidence in upcoming trial on no-hire accords
6 days ago - SAN FRANCISCO (Reuters) - Four large technology companies should not be allowed to limit evidence about Apple Inc co-found...
Billionaire Usmanov remains Russia's richest tycoon - Forbes
04/17 - MOSCOW (Reuters) - Alisher Usmanov is Russia's richest tycoon for the third year in a row, with wealth of $18.6 billion (1...
James Murdoch joins board of ad platform company
7 days ago - (Reuters) - James Murdoch, the co-chief operating officer of 21 Century Fox, is joining the board of digital advertising p...
Fashion house Armani pays 270 mln euros to settle Italian tax dispute - paper
6 days ago - MILAN (Reuters) - Fashion house Giorgio Armani paid 270 million euros (222 million pounds) to Italian tax authorities last...
More news
Dynamic quotes  
ON
| OFF