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Five heirs to the Del Vecchio fortune are urging the board of their family holding firm to sell or distribute its financial assets, according to La Repubblica. The push could mark the end of the family’s strategic role in Italian industry, with the potential liquidation of stakes in major companies including the parent group of insurer Generali and defense giant Leonardo. The siblings want to unlock value from the estate of their father, billionaire Leonardo Del Vecchio, who built Ray-Ban maker EssilorLuxottica and died in 2022. The move highlights growing tension between preserving a dynasty and cashing out, as heirs seek liquidity over long-term control.
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