Wednesday, August 20, 2014

STEP 1-Luxottica, AD Guerra could leave for contrasts with … – Reuters Italy

STEP 1-Luxottica, AD Guerra could leave for contrasts with … – Reuters Italy


       

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MILAN, August 20 (Reuters) – After ten years at the helm of the first group in the world of eyewear, the CEO Andrea Guerra, Luxottica could leave for a diversity of views on future strategies with the founder and majority shareholder of Leonardo del Vecchio.


       

This was reported three sources familiar with the matter, while the company does not want to comment on the rumors about the departure of War, however, confirms that “by the time the chairman Leonardo Del Vecchio and the CEO Andrea Guerra are facing on the best strategies for the future the group. ” No board of directors was convened, he added.


       

Del Vecchio, of humble origins, is now, according to Forbes rankings, the Italian second richest with a fortune of 15.3 billion dollars.


       

According to a person familiar with directly Guerra, Luxottica landed in the Merloni in 2004, relations with Del Vecchio have deteriorated in recent months. “A Del Vecchio did not like the fact that a war had been offered a ministry by Renzi and that he had considered but was not very clear with respect to their intentions,” said the source.


       

At the time war was declared in a statement to be “happy and peaceful” where he was, Luxottica, and therefore not to accept the offer policy.


       

According to the Corriere della, Evening among the reasons for friction between the two there would also be an agreement with Google for the production of ‘Google Glass’.


       

The title Luxottica, arrived to give today almost 7% today with exchanges supported, reduced losses after the statement of the company, updating the maximum session.


       

“Beyond the rebound from the lows the change at the top scares because if he leaves the CEO who brought the title Luxottica from 10 to 40 euro, scares the change in a company that goes well,” said a trader to explain the pressure on the title. Read more …

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