WWD.com/fashion-news/fashion-scoops/share-sale-6228364
fashion-scoops
fashion-scoops

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.

fashion-scoops/news
Most Recent Articles In Fashion Scoops
Most Recent Articles In Fashion Scoops More Articles By

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.