Tuesday, January 17, 2017

Of the Old: “I have realized the dream of a lifetime, my group will be stronger” – Corriere della Sera

“And now a couple of rest days I take it.”

Leonardo Del Vecchio has just finished the presentation to the analysts of the integration between his company and the French Essilor. The “dream of a lifetime”, has been called.

Because now it became possible?

“The times they mature and also the competition evolves. Who is part of the market watch the actions of others. By a year, the company had started to invest in the production of lenses and this has prompted Essilor to think with greater depth to an agreement that – knew it by four years – it was in the interest of both. This time there was really the desire to connect ideas and productions. I would like to thank Romolo Bardin, managing director of Delfin, and Francesco Milleri, my right arm in the last three years, that with me have direct negotiations and have allowed me to realize in a very short time what in the past we never managed to achieve”.

Conferred your package: in short, you have also sold you to the French.

“no, Absolutely not. I understand that the mechanism of the operation is not of immediate understanding, but the result is very clear and simple. Our goal is to build a group that is fully integrated from the raw material of the glasses full, and cover in an integrated way all the channels from wholesale to retail up e-commerce. Therefore, we decided to dilute our participation in something much larger, it is still by far the largest shareholder. We have worked on with Delfin already something similar in the past with Fonciere des Regions and beni stabili. The world Luxottica will always remain firmly in the Italian the head in Milan, and the heart in the mountains of belluno.

it Is Essilor to become an Italian, or us to be more French?

“I Believe that it is wrong to put the question in these terms. We are all europeans, but it is above all in the market to be global. In our companies enter every year many young people from every part of the world, the contamination is now part of our wealth. I think that become more and more europeans first international and after, is a huge value that allows us to understand the markets and to be closer to consumers, taking the best from all cultures. I don’t expect absolutely opposition between the soul of the French and the Italian soul in the two companies, but only a added value from their combination.

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