EssilorLuxottica stock: Delfin bid puts family control in focus
Published on 10/30/2026 at 14:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSOwnership Questions Move to Center Stage
- Michal Strnad has offered EUR 30 billion for Delfin, the Del Vecchio family's holding company.
- The proposal targets EssilorLuxottica's key shareholder rather than the listed eyewear group directly.
- EssilorLuxottica reported EUR 7.486 billion in third-quarter revenue, up 9.00 percent year over year.
Michal Strnad has offered EUR 30 billion to acquire Delfin, the Del Vecchio family's holding company and a key shareholder in EssilorLuxottica. Reuters reported the approach on October 29, citing people close to the matter and a letter dated October 20.
The proposal is aimed at Delfin rather than EssilorLuxottica itself. According to Reuters, the Luxembourg-based holding company also owns stakes in Generali, Monte dei Paschi di Siena and UniCredit. The combined market value of those holdings and the EssilorLuxottica stake was reported at EUR 43 billion.
Approval Hurdles Remain High
Delfin is owned in equal parts by eight heirs: Leonardo Del Vecchio's six children, his widow Nicoletta Zampillo and her son from a previous marriage. Reuters reported that a sale would require a virtually unanimous decision.
Leonardo Maria Del Vecchio said his father's life's work should remain part of Italy's heritage. Delfin declined to comment, while a representative for Strnad was not immediately available. The proposal therefore puts the ownership structure behind EssilorLuxottica in focus without constituting a bid for the listed company.
Operating Momentum Stays Separate
EssilorLuxottica reported EUR 22.30 billion in revenue for the first nine months of 2026, up 6.80 percent. Third-quarter revenue rose 9.00 percent to EUR 7.486 billion, while S&P Global Ratings raised the group's long-term credit rating to A+ from A on October 23 with a stable outlook.
EssilorLuxottica stock traded at EUR 186.00 on Lang & Schwarz at 14:30:04 CET on Friday, October 30, 2026. That was 3.55 percent above the EUR 179.63 quote at 10:04:42 CET in the latest own report, a separate comparison from the Xetra session.
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More news and analyses on EssilorLuxottica stock will follow as Delfin shareholders consider the proposal.
EssilorLuxottica at a Glance
- Company: EssilorLuxottica S.A.
- ISIN: FR0000121667
- Lang & Schwarz quote: EUR 186.00 at 14:30:04 CET on October 30, 2026
- Change since latest own report: 3.55 percent above EUR 179.63 at 10:04:42 CET on October 30, 2026
- Third-quarter revenue: EUR 7.486 billion, up 9.00 percent
