Leonardo Maria Del Vecchio, the 30-year-old son of the late EssilorLuxottica founder Leonardo Del Vecchio, is seeking a multibillion-dollar deal to acquire the stakes held by two of his siblings in the family’s holding company, Delfin, according to sources familiar with the matter.
The proposed transaction would see Del Vecchio increase his control over Delfin, which holds a controlling interest in the world’s largest eyewear company, EssilorLuxottica. He currently serves as chief strategy officer at EssilorLuxottica. According to reports, he is nearing an agreement to purchase the stakes from his siblings, though the exact terms of the deal remain undisclosed.
Reuters reported on February 19, 2026, that Del Vecchio is planning to buy an additional 25% stake in Delfin from two of his siblings. This move signals a potential consolidation of power within the Del Vecchio family and a reshaping of the ownership structure of the eyewear giant.
EssilorLuxottica, formed through the 2018 merger of Italian eyewear group Luxottica and French lens maker Essilor, has a significant presence in the global eyewear market, owning brands such as Ray-Ban, Oakley, and Vogue Eyewear. The company has been involved in numerous mergers and acquisitions, partnerships, and commercial real estate transactions, totaling 30 signals identified by Usearch.
The Financial Times reported that Del Vecchio is the only family member currently holding an executive role within EssilorLuxottica. The outcome of the proposed deal and its potential impact on the company’s strategic direction remain to be seen.
