Ray-Ban Heir Rejects $3.9 Billion Offer for Stake in Family Firm
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Ray-Ban heir Rocco Basilico has rejected a bid of 3.5 billion euros for his stake in the family business Delfin, sources told news agency Bloomberg. The bid came from his stepbrother Leonardo Maria Del Vecchio, who wants to increase his share in the family business.
Ray-Ban Heir Rejects $3.9 Billion Offer for Stake in Family Firm
Rocco Basilico, heir to Ray-Ban, rejected an offer of €3.5 billion (US$3.9 billion) for his participation of 12.5% in the Delfin Sarl, holding of investments of the family that controls EssilorLuxotica, according to people familiar with the subject. The proposal was presented by his half-brother, Leonardo Maria del Vecchio, told the sources, that they asked for not to be identified. After successive disputes: Son of the founder of Ray-Ban leaves…
Reformatorisch Dagblad
Rocco Basilico, heir to the company behind eyewear brand Ray-Ban, among others, has rejected a bid of 3.5 billion euros for his 12.5 percent stake in Delfin Sarl, insiders say. Delfin Sarl is the investment company of the Italian family behind EssilorLuxottica, the world's largest eye care company. The group owns eyewear brands such as Ray-Ban, Oakley, and Persol, as well as the optician chain Pearle Opticians.
The proposal was ignored because Rocco is not a seller, the price is low and the buyer according to the half brother would not have the financial availabilities being already very indebted
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