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From EssilorLuxottica CEO Francesco Milleri faces public dispute over share price collapse

How could the dispute over EssilorLuxottica's leadership affect Leonardo Maria Del Vecchio?

Already happening What happens if… A possibility worth considering, not a forecast.

The leadership dispute intensifies the internal family feud among EssilorLuxottica heirs. The public dispute over Francesco Milleri's management of EssilorLuxottica has placed Leonardo Maria Del Vecchio at the center of a bitter family feud over the €55bn empire. Del Vecchio publicly accused Milleri of losing his way and blamed him for a collapse in the company’s share price. This conflict led Del Vecchio to resign as EssilorLuxottica’s chief strategy officer and Ray-Ban chairman in August.

Reported by 1 independent outlet Written Oct 25
Effect
Strong negative
How direct
Stated in the reporting
When
Right away
The story
Gone quiet

How it reaches Leonardo Maria Del Vecchio

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The facts so far

As reported. Each one links to where it comes from.

  • Leonardo Maria Del Vecchio accused the chief executive of losing his way and blamed him for a collapse in the company’s share price.aol.com
  • The family fortune is worth more than €55bn, with eight heirs fighting over their inheritance.aol.com
  • Leonardo Maria resigned as EssilorLuxottica’s chief strategy officer and Ray-Ban chairman in August.aol.com
  • Shares in EssilorLuxottica surged around 15pc after better-than-expected results, strengthening Milleri’s position.aol.com

Why it matters

The dispute is not merely about corporate governance; it is a high-stakes battle over the control of a vast family fortune. With eight heirs fighting for their inheritance, the conflict between the professional manager, Francesco Milleri, and the heir, Leonardo Maria Del Vecchio, represents a classic struggle between those who want control and those who want the business to thrive.

This internal drama is set against the backdrop of EssilorLuxottica's massive global operations, which span eyewear, vision care, and medical technology. The company's fortunes have already seen dramatic turns, from excitement over AI partnerships to subsequent sell-offs, making the fight for leadership critical to ensuring the business survives the struggle and creates value for future generations.

What we don't know yet

  • Will the board of EssilorLuxottica ultimately side with the professional management or the family heirs?
  • Will Delfin successfully ease the inheritance deadlock by buying back shares from some heirs?

Is this still moving?

Gone quiet Reached 2 outlets in its first 24 hours
Reports
2
Developments
1
Repetition
50%

What would change this answer

The EssilorLuxottica board publicly challenges Milleri's reappointment in 2027.This would significantly strengthen Del Vecchio's position and accelerate the power struggle among the heirs.
Delfin successfully reduces the number of beneficiaries from eight to six.This would ease the inheritance deadlock and potentially reduce the intensity of the family feud.

Who else could feel it

Other possible ripples from the same event.

Reporting

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The full eventEssilorLuxottica CEO Francesco Milleri faces public dispute over share price collapse Everything aboutLeonardo Maria Del Vecchio

Brind's analysis is written by AI from the reporting linked above and can be wrong. This explainer is a possibility worth considering, not a forecast: steps marked as Brind's reasoning are not stated in the reporting. It is not investment advice; do your own research.