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business · HLN

Ray-Ban heir offers family €3.7bn each to block billionaire

Leonardo Maria Del Vecchio, heir to Ray-Ban, wants to buy out his seven family members from investment company Delfin. He aims to prevent Czech arms billionaire Michal Strnad from taking a stake in EssilorLuxottica, the parent company behind the eyewear empire. Del Vecchio plans to offer €3.7 billion per family member. The deal is intended to preserve the family’s control of the group.

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