Claudio Del Vecchio | |
---|---|
Born | 1956or1957(age 66–67) [1] Italy |
Occupation | Businessman |
Spouse(s) | Laura Ballis (divorced)Debra |
Children | 3 |
Parent |
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Claudio Del Vecchio (born 1956) is an Italian businessman and was the chairman, CEO, and owner of Brooks Brothers Group, Inc., the holding company of Brooks Brothers. [2] [3] [4] In April 2023, Forbes estimated his net worth around $3.9 billion. [5]
His father Leonardo Del Vecchio was the billionaire founder of Luxottica, an Italian eyewear company, and Claudio has been called his "heir apparent". [1] His mother was Luciana Nervo, Leonardo Del Vecchio's first wife (out of three). [6]
In 1982, Del Vecchio was sent by his father to the United States to lead the Luxottica's US development. During his tenure as CEO of Luxottica during the 1990s, Del Vecchio took the company public, and led the acquisition of LensCrafters in 1995. [5] [6] In 1998, he left Luxottica. He acquired and quickly turned around the struggling retailer Casual Corner. He acquired Brooks Brothers in 2001 and sold Casual Corner in 2005. Brooks Brothers filed for bankruptcy in September 2020 and was acquired by Authentic Brands. [6]
After the death of his father in 2022, he inherited 12.5% stake of the family's Luxembourg-based holding company Delfin. He owns shares of Generali, Mediobanca, UniCredit and Covivio. [5]
Claudio Del Vecchio lives in nine-bedroom estate in Muttontown, Long Island, that has been listed for $11 million in 2021. [6]
His brother Leonardo Maria is head of Italian retail for Luxottica. His son Matteo is a senior vice president of EssilorLuxottica North America. [6]
Luxottica Group S.p.A. is an Italian eyewear conglomerate based in Milan which is the world's largest eyewear company. As a vertically integrated company, Luxottica designs, manufactures, distributes, and retails its eyewear brands all through its own subsidiaries.
LensCrafters is an international retailer of prescription eyewear and prescription sunglasses. Its stores usually host independent optometrists on-site or in an adjacent store. The company has its corporate headquarters in Mason, Ohio, a suburb of Cincinnati in the US.
Brooks Brothers is an American high-end luxury fashion company founded in 1818, the oldest apparel brand in continuous operation in the United States. Originally a family business, Brooks Brothers produces clothing for men, women and children, as well as home furnishings. Brooks Brothers licenses its name and branding to Luxottica for eyewear, Paris-based Interparfums for fragrances, and Turkey-based Turko Textiles for its home collection.
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Leonardo Del Vecchio was an Italian billionaire businessman, the founder and chairman of Luxottica, the world's largest producer and retailer of glasses and frames, with 77,734 employees and over 8,000 stores. At the time of his death, his net worth was estimated at US$24.1 billion, the second richest person in Italy, and 54th in the world.
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