A LOT OF OCTOGENARIANS would, offered the opportunity, rush to the sun lounger in Monaco. It was extensively assumed that Leonardo Del Vecchio, Italy’s wealthiest man, would do just that. He turns 86 in Might and some years ago moved his primary house to the principality. His four marital relationships and 6 offspring have actually produced a gaggle of grandchildren to have fun with. On March 12 th his corporate infant, EssilorLuxottica, reported a strong rebound in sales of the chic eyeglasses it makes in the 2nd half of2020 Its market capitalisation is once again above EUR60 bn ($72 bn) and near the all-time high it reached in early 2020, before the pandemic dinged up demand for costly accessories. What better time to slip on a set of Ray-Bans (which his company produces) and bask by the swimming pool?
Mr Del Vecchio’s idea of la dolce vita, it appears, is rather less passive. It is likewise ambitious– and not simply with respect to his company, over which he preserves an iron grip and which he wishes to thrust into the digital age. As an additional senior activity, the tycoon is also attempting to shock Italian high finance.
Mr Del Vecchio is certainly not short of the audacity and grit needed to pull off both endeavours. He invested part of his youth in an orphanage since his widowed mom could not afford to feed him, and constructed …
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