Billionaire Ray-Ban heir escalates fight for control of family empire (opens original article in a new tab)

Leonardo Maria Del Vecchio, an heir to the Ray-Ban empire, is challenging his family's holding company to support his €10 billion buyout of two siblings ahead of a crucial shareholder meeting.

• Leonardo Maria Del Vecchio, 31, challenged his family's holding company to support his €10 billion buyout of two siblings
• Del Vecchio accused Delfin Sarl's board of not providing clear explanations for their changing stance on the transaction
• The shareholder meeting on June 30 is critical for the outcome of the buyout