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 
Paul Allen Mukesh Ambani Bernard Arnault Luc Besson Vincent Bolloré Martin Bouygues Richard Branson Warren Buffett Steve Case Benjamin De Rothschild Barry Diller John Fredriksen Bill Gates Philip Green Carl Icahn Steve Jobs Li Ka-shing Peter Lynch Maurice Lévy Lakshmi Mittal Rupert Murdoch Jean-charles Naouri Nelson Peltz Zong Qinghou Jim Rogers Johann Rupert Naguib Sawiris Carlos Slim George Soros Donald Trump
A-Z Business Leaders
Most Read News 
Philippine Airlines tycoon Tan to buy out minority investors in listed parent
10/16 - MANILA (Reuters) - Philippine Airlines (PAL) owner Lucio Tan plans to buy out minority shareholders in parent PAL Holdings...
HTC unveils a suite of breakthrough imaging products
6 days ago -    •  HTC Desire EYE is fully equipped for those who love to take great photos, videos and s...
Hong Kong Protests as Much About Dollars as Democracy
5 days ago - By Kathy Chu HONG KONG--A key reason why protesters in Hong Kong are demanding free elections for the first time i...
Greg Orman Liberal Millionaire Guest List
6 days ago - TOPEKA, Kan., Oct. 17 -- Sen. Pat Roberts, R-Kan., the Republican nominee seeking re-election to the U.S. Senate, issued ...
Billionaire Bollore sees shares tank over ad takeover proposal
3 days ago - FRENCH billionaire Vincent Bollore saw shares in his listed group close down 11.5 per cent last night after unveiling pla...
More news
Dynamic quotes  
ON
| OFF