Keenest Of Sight In Business
“I don’t like paying taxes but I like sleeping at night”
In 1935, Leonadro Del Vecchio was born in a poor Malinese family and fatherless. Due to this circumstances he was forced to live with nuns in an orphanage at the age of 7. When he turned 14 years old, he was required to work in order to provide the needs for his poor family. A tool manufacturer, that is his first work in Milan. And at the age of 19, he attends evening classes in industrial engineering.
Time after time he was fascinated and become passionate with eye glasses/ lenses and frames. It made him went to a small village in Venice known as Agordo, where eye glasses industries are offering a lot to learn about the trade from design to marketing. In 1967, he decided to enter glass assembly business. Competition got fiercer and fiercer so he expanded his work and made his own company named LUXOTTICA. After 10 years, their company stopped making frames for other brands and started launching their own eye wear brand. Lately, using his own style and strategy, their company become the market leader. It helped him developing a successful sales network.
Leonardo’s futuristic approach, timely decisions and strategies helped Luxottica to have full control and take over every stage of the eye glass manufacturing process. The Luxottica group now also began acquisitions in areas of distribution and retail. The group eventually took over some of the most famous Italian brands such as Lens Crafters, Persol and Vogue moving on to acquiring Ray Ban, the most famous American brand. Over the years, Luxottica has been seen to acquire all major eye glass brands including Oakley which was bought for $2.1 billion, giving Luxottica a major break in the sports segment. In addition to this, Luxottica now manufactures for the world famous brands such as Versace, Ralph Lauren, DKNY, Ferragamo, Prada, Chanel and Armani. (2018, Entrepreneurs.com)
Leonardo Del Vecchio ranked the 71st on the Forbes global fortune list, and is the second wealthiest man in Italy. The President and founder of the world’s leading company in the development, production marketing and distribution of glasses. World leader of eye glasses industry. Gaining $11 net worth. Because of his hard work and determination, he made himself a successful Italian business man. He proved that being poor is not a hindrance in making yourself a successful man.
INSPR 