Click to Skip Ad
Closing in...

Luxottica Group Founder Selling Shares

Delfin Sarl, the holding company controlled by Leonardo Del Vecchio, is selling around 7 percent of its shares to increase trading liquidity.

SHARE SALE: To increase trading liquidity of Luxottica Group shares, Delfin Sarl, the holding controlled by the Italian eyewear giant’s founder and chairman Leonardo Del Vecchio, is selling around 7 percent of its shares, or a maximum of 33 million ordinary shares, through an accelerated book-building offer. Price of shares and the final size of the offering will be determined after closure of the books and no additional sale will follow, said Del Vecchio. According to Italy’s Bourse watchdog, Consob, Delfin has 66.5 percent of Luxottica, which produces collections for brands such as Burberry, Chanel and Prada, among others.

load comments


Sign in using your Facebook or Twitter account, or simply type your comment below as a guest by entering your email and name. Your email address will not be shared. Please note that WWD reserves the right to remove profane, distasteful or otherwise inappropriate language.
blog comments powered by Disqus