Del Vecchio Heirs Challenge Delfin Governance
Three heirs to late Italian magnate Leonardo Del Vecchio have asked a Luxembourg court to change Delfin voting bylaws. The legal challenge aims to ease board control and follows growing family disputes over the holding company.
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Three heirs to late billionaire Leonardo Del Vecchio launched a legal challenge in Luxembourg on Wednesday to overturn strict governance rules at family holding company Delfin. The move threatens the stability of a 12.5% stake-backed business empire spanning eyewear and banking.
