Published through 2026-11-02 15:11 UTC · Automated cloud publishing.
Del Vecchio Heir Proposes Delfin Buyout to Counter Strnad's €30 Billion Offer
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On October 30, 2026, Eyewear Intelligence reported that Czech businessman Michal Strnad offered €30 billion to acquire Delfin, the holding company controlled by the Del Vecchio family. Delfin holds a significant 32.4 percent stake in EssilorLuxottica, along with other minority interests not fully detailed in the initial report. This proposal represented a potential major shift in control dynamics for the optical giant. Subsequently, on November 2, 2026, Acuité reported a counter-move by Leonardo Maria Del Vecchio. In response to Strnad’s offer, Leonardo proposed acquiring all family shares within Delfin to prevent the Czech takeover. This development introduces a conflict between the external acquisition bid and an internal consolidation strategy by the Del Vecchio heirs. The situation remains fluid, with no resolution documented regarding whether the family buyout will succeed or if negotiations with Strnad continue. The core tension persists between Strnad’s attempt to gain control via Delfin and the Del Vecchio family’s effort to retain ownership through internal share acquisition.
AI-generated from reporting · updated 4 h ago
Developments
- 11-2 18:50 · 1 reportsDel Vecchio proposes to buy family shares in Delfin holdingAcuité：Leonardo Maria Del Vecchio Proposes Buyout of Delfin Family Shares to Block Czech Takeover of EssilorLuxottica
- 10-30 22:40 · 1 reportsCzech businessman offers €30 billion for EssilorLuxottica paEyewear Intelligence：Czech Businessman Michal Strnad Offers €30 Billion for Delfin, Parent of EssilorLuxottica Stakeholder Del Vecchio Family
Reporting timeline
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- AcuitéLeonardo Maria Del Vecchio Proposes Buyout of Delfin Family Shares to Block Czech Takeover of EssilorLuxottica
Leonardo Maria Del Vecchio has proposed acquiring all family shares in holding company Delfin, which controls 32.4% of EssilorLuxottica, to prevent a takeover by Czech billionaire Michal Strnad. In a letter to Italian newspaper QN, Del Vecchio stated he secured confidential international financial backing for an immediate or phased acquisition. The move aims to provide liquidity to family members while preserving Italian sovereignty over assets including stakes in Monte dei Paschi di Siena, Generali, UniCredit, and Covivio. This initiative follows Del Vecchio’s resignation from operational roles at Ray-Ban and strategy positions on August 31 due to disagreements with CEO Francesco Milleri. He retains 12.5% of Delfin and plans to present his full buyout proposal to other shareholders on November 7.
- Eyewear IntelligenceSelectedCzech Businessman Michal Strnad Offers €30 Billion for Delfin, Parent of EssilorLuxottica Stakeholder Del Vecchio Family
Czech businessman Michal Strnad has offered €30 billion to acquire Delfin, the holding company controlled by the Del Vecchio family. Delfin holds a 32.4 percent stake in EssilorLuxottica, along with minority interests in Italian insurance and banking groups Generali, UniCredit, and Banca Monte dei Paschi di Siena. The report, published on October 30, 2026, describes an offer rather than a completed transaction or confirmed acceptance.
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