As both the French and the Italian groups accused each other of trying to gain the upper hand at EssilorLuxottica’s leadership, the governance crisis has become uglier and the stock slumped c.6% on 21 March 2019 to hit a two-year low. The pain aggravated when the executive chairman of EssilorLuxottica, Leonardo Del Vecchio (also the biggest shareholder of EssilorLuxottica and founder of Luxottica), accused its deputy, Hubert Sagnieres (vice chairman of the new entity and ex-CEO of Essil
22 Mar 2019
Governance crisis worsens
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Governance crisis worsens
EssilorLuxottica SA (EI:WBO) | 0 0 1.9% | Mkt Cap: 24,290m
- Published:
22 Mar 2019 -
Author:
Sumit Sayal -
Pages:
2
As both the French and the Italian groups accused each other of trying to gain the upper hand at EssilorLuxottica’s leadership, the governance crisis has become uglier and the stock slumped c.6% on 21 March 2019 to hit a two-year low. The pain aggravated when the executive chairman of EssilorLuxottica, Leonardo Del Vecchio (also the biggest shareholder of EssilorLuxottica and founder of Luxottica), accused its deputy, Hubert Sagnieres (vice chairman of the new entity and ex-CEO of Essil