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Fashion

Italy sunglasses king gifts staff millions in birthday bash

The founder of Italian eyewear giant Luxottica is celebrating his 80th birthday by giving the firm's 8,000 employees in Italy shares worth around nine million euros. Leonardo del Vecchio, Italy's second richest man thanks to an eyewear brand sported by star designers including Chanel and Giorgio Armani, is gifting his staff 140,000 Luxottica...

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Business|ANALYSIS Featured

Luxottica turns to Asia and North America for growth

After a rocky end to the year, when Ray Ban sunglasses parent company Luxottica saw former CEO Andrea Guerra and his replacement to leave in quick succession, the new management is up and running...and with a clear view for growth. After the exit of long-standing CEO Andrea Guerra, the Italian group now holds a so-called ‘dual head’ management,...

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