Leonardo Maria Del Vecchio Nears €10 Billion Buyout of Siblings' Stakes

Leonardo Maria Del Vecchio, son of the late EssilorLuxottica founder, is moving to consolidate control of the family's eyewear empire. The 30-year-old is reportedly in advanced discussions to buy out siblings Luca and Paola for approximately €10 billion ($11.7 billion). This transaction represents a critical step in settling the estate of the Ray-Ban magnate, four years after his death. By acquiring a roughly 25% stake in the family holding company, Leonardo Maria Del Vecchio would significantly strengthen his position within the corporate structure. Sources familiar with the matter indicate that the discussions have accelerated, and a preliminary agreement could be finalized within the coming weeks. The move is seen as a way to streamline ownership and reduce potential governance friction among the heirs. While the buyout occurs at the holding company level, the consolidation of ownership provides greater clarity regarding the long-term leadership and stability of the luxury eyewear giant.