Luxottica Group SpA

Leonardo Del Vecchio is the founder and chairman of Luxottica, a $3 billion designer and manufacturer of high-quality eyeglass frames. The firm owns the Sunglass Hut and Lenscrafters chains with a total of over 6000 stores. According to Forbes magazine, he is the second richest man in Italy ... with a net worth of US$11 billion dollars, making him 71st in the world rankings as of March 2011. He was born in Milan, Italy in 1935 as a child of an impoverished family. His father died five months prior to his birth. He was given to an orphanage by his mother due to the reason that his mother was unable to support him financially. He began his career as the apprentice to a tool and dye maker in Milan, but decided to turn his metalworking skills to make spectacle parts. So in 1961 he moved to Agordo in the province of Belluno, which is home to most of the Italian eyewear industry. The new company was Luxottica s.a.s., a limited partnership. In 1967 he started selling complete eyeglass frames under the Luxottica brand, which proved successful enough that by 1971 he ended the contract manufacturing business.
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Leonardo Del Vecchio is the founder and chairman of Luxottica, a $3 billion designer and manufacturer of high-quality eyeglass frames. The... firm owns the Sunglass Hut and Lenscrafters chains with a total of over 6000 stores. According to Forbes magazine, he is the second richest man in Italy with a net worth of US$11 billion dollars, making him 71st in the world rankings as of March 2011. He was born in Milan, Italy in 1935 as a child of an impoverished family. His father died five months prior to his birth. He was given to an orphanage by his mother due to the reason that his mother was unable to support him financially. He began his career as the apprentice to a tool and dye maker in Milan, but decided to turn his metalworking skills to make spectacle parts. So in 1961 he moved to Agordo in the province of Belluno, which is home to most of the Italian eyewear industry. The new company was Luxottica s.a.s., a limited partnership. In 1967 he started selling complete eyeglass frames under the Luxottica brand, which proved successful enough that by 1971 he ended the contract manufacturing business.
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