Family feud over €40bn threatens EssilorLuxottica's largest shareholder

Leonardo Maria Del Vecchio resigned from executive roles at EssilorLuxottica, deepening a four-year inheritance dispute among eight heirs over €40 billion in assets. The conflict at Delfin, the company's largest shareholder, has destabilized Italy's investment sector and pressured EssilorLuxottica's stock, which fell 40% since year-start. A proposed €10 billion acquisition deal collapsed over governance disagreements.

"There is no longer enthusiasm as there was, there is no longer a sense of belonging as there was, and distance has become palpable."