Editions:  Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland

Italian sunglasses king gifts staff millions

Share this article

Italian sunglasses king gifts staff millions
Luxottica, owner of the Ray-Ban (pictured) and Oakley brands. Photo: Soumyadeep Paul
08:34 CEST+02:00
The founder of Italian eyewear giant Luxottica is celebrating his 80th birthday by giving the firm's 8,000 employees in Italy shares worth around €9 million ($10 million).

Leonardo del Vecchio, Italy's second richest man thanks to an eyewear brand sported by star designers including Chanel and Giorgio Armani, is gifting his staff 140,000 Luxottica Group treasury shares, the company said on Tuesday.

"A sincere thank you to the Group's employees in Italy, those at the heart of Luxottica's success," Del Vecchio said in a statement.

"With this small gesture, I would like to show how important the employees are to me. I truly feel as if we are a family," he said.

Luxottica, owner of the Ray-Ban and Oakley brands, reported a record profit for 2014 and began 2015 in style, boasting an increase in its first-quarter profit of nearly 34 percent thanks to strong growth sales in North America.

Get notified about breaking news on The Local

Share this article

From our sponsors

Change the world with a master's degree from Sweden's Linköping University

Master's students at world-leading Linköping University (LiU) aren't there simply to study. They solve real-world problems alongside experts in fields that can create a better tomorrow. Do you have what it takes to join them?

Advertisement