Will everything have to change for nothing to change at EssilorLuxottica?
On May 21, Leonardo Del Vecchio will finally be the all-powerful shareholder, with 32% of the capital, of the global optical giant.
But he does not intend to change the management pair in place, made up of the Italian Francesco Milleri, a very close friend of Leonardo Del Vecchio, and the French Paul du Saillant, respectively CEO and Deputy CEO.
The group was born, in October 2018, from the merger between Luxottica, global giant of frames founded by Leonardo Del Vecchio, and the champion of corrective lenses Essilor, headed at the time by Hubert Sagnières.
To pass the pill of a passage under the Italian flag of a French flagship, the two leaders had planned a pact (Business Combination Agreement or BCA) ensuring the two camps "equal powers" despite the shareholder imbalance.
This pact expires on May 21, 2021.
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