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Italian Billionaire And Eyewear Mogul Leonardo Del Vecchio Dies At 87

June 27, 2022 by www.forbes.com

Share to Twitter Share to Linkedin Topline Leonardo Del Vecchio, the Italian billionaire and founder of eyewear giant Luxottica—which owns brands like Ray-Ban, Oakley and Sunglass Hut—died on Monday at the age of 87, according to Italian media reports. Key Facts According to Italian newspaper Corriere della Sera , the 87-year-old died on Monday morning at Milan’s San Raffaele Hospital. The cause of his death was not stated. In a separate report , the Italian daily noted that Del Vecchio’s fortune will be divided among six of his children. Luxottica is the world’s largest maker and seller of sunglasses and prescription eyewear and besides its own major brands like Ray-Ban and Oakley, it makes glasses for several luxury fashion brands like Chanel, Dolce and Gabbana, Bulgari, Armani and several others. Big Number $24.8 billion. That is the total net worth of Del Vecchio and his family, according to Forbes . His family’s … [Read more...] about Italian Billionaire And Eyewear Mogul Leonardo Del Vecchio Dies At 87

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1/OFF Paris: 400% Growth For The Upcycled Fashion Brand Taking Sustainability To Luxury’s Eco-Apathetic

June 27, 2022 by www.forbes.com

Share to Twitter Share to Linkedin One of the biggest challenges for any purpose-led brand pursuing game-changer status isn’t breeding a fanbase who ‘get it’ but selling a vital new narrative to the hardcore apathetic. For fashion, mired in climate crisis and battling the clock to cultivate a circular economy, retuning fans’ mindsets (America throws away and 2150 pieces of clothing every second and even people with positive eco intentions are loathe to sacrifice what they perceive as an identify-defining hobby ) is now mission imperative. Dutch fashion brand 1/OFF Paris, whose couturiers splice together or respectfully reinterpret iconic vintage garments to create ultra-covetable new pieces (think: a Levi’s denim jacket with Chanel’s quintessential ladies-who-lunch tweed; double layered jeans; or two oversized classic men’s blazers tailored into a freshly feminized silhouette) is doing just that. Selling to an audience including legions of the … [Read more...] about 1/OFF Paris: 400% Growth For The Upcycled Fashion Brand Taking Sustainability To Luxury’s Eco-Apathetic

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