Who is Leonardo Del Vecchio? How became 74th richest man?

Leonardo Del Vecchio

Leonardo Del Vecchio, the founder, and president of the Italian manufacturer of glasses Luxottica was born from a mother World Health Organization couldn’t afford to require care of him. At the age of seven, Del Vecchio, whose father died 5 months before his birth, lived below the care of nuns in an associate orphanage.

When he was a youngster, he supported his family with the profits he earned as an associate apprentice from a maker in Milano. Then, within the mid-20s, Del Vecchio enraptured to Agordo, the glasses capital of Italia, wherever he started his own glasses company.

Luxottica

Now Luxottica is that the world’s largest manufacturer of glasses and also the owner of quite half-dozen,000 retail stores worldwide, as well as Sunglass Hut and Lenscrafters. That created Del Vecchio, 77, the 74th richest man within the world.The glasses empire, that created sales value quite $ eight billion in 2011, took off within the late Nineteen Eighties, once Del Vecchio approached Italian designer Georgio Armani with an apparently new idea for fashion glasses.

[Del Vecchio] understood that the glasses were thus vital for vision. however on the opposite hand, they were a part of} our personality; they were part of U.S., “Andrea Guerra, chief executive officer of Luxottica, told” CBS hr “in an associate interview broadcast Sunday.

The relationship between Armani and Del Vecchio has been tough over the years. In 2002, its brands canceled a long-standing license agreement. however each man has revived the association of their firms, sign language associate exclusive agreement earlier this year to manufacture and distribute Armani glasses from 2013.

Author: Prasad

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