EssilorLuxottica's Quarelling Chiefs Seek Peace Ahead of AGM -FT

Date : 05/10/2019 @ 9:07PM
Source : Dow Jones News
Stock : EssilorLuxottica (ESLOY)
Quote : 76.49  0.14 (0.18%) @ 5:06AM
EssilorLuxottica share price Chart

EssilorLuxottica's Quarelling Chiefs Seek Peace Ahead of AGM -FT

EssilorLuxottica (USOTC:ESLOY)
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1 Year : From Nov 2018 to Nov 2019

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--EssilorLuxottica SA's chairman, Leonardo Del Vecchio, and vice chairman Hubert Sagnieres are trying to bring their long-running feud to an end ahead of the company's annual shareholders meeting next week, the FT reports, citing anonymous sources.

--The two executives are trying to reach a deal under which Essilor CEO Laurent Vacherot and Luxottica CEO Francesco Milleri--an ally of Mr. Del Vecchio--would hold more power, the FT says.

--Shares in EssilorLuxottica rise 4.2% to EUR110.45.


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(END) Dow Jones Newswires

May 10, 2019 08:52 ET (12:52 GMT)

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