Italian billionaire behind Ray-Ban is in no mood to take a backseat after €46bn deal

Jan 17, 2017 520

By Roger Baird

Italy's richest man, and the 81-year-old driving force behind the €46bn (£40bn; $49bn) merger in the glasses industry, shows no sign of slowing down. Leonardo Del Vecchio, founder of Luxottica, the world's biggest glasses maker, has agreed a merger with French lenses maker Essilor.

Luxottica owns such brands as Ray-Ban, Oakley and Sunglasses Hut. It also holds the license to manufacture eyewear for a number of major designer and technology brands including Burberry, Ralph Lauren, Channel and Google Glass.

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