Delfin held its assembly to elect commissioners; the Del Vecchio heirs are split over the firm’s accounts and dividend policy. The discord creates uncertainty over the control of Delfin, the major shareholder of EssilorLuxottica, which reacted with a 3% share price decline. The Del Vecchio heirs (through Delfin), EssilorLuxottica’s management, and market investors. Further negotiations among the heirs could produce a revised governance proposal or a shift in dividend policy, with the market awaiting any clarification. The Delfin holding gathered its heirs to appoint new commissioners, but the meeting revealed a rift over the company’s financial accounts and the distribution of dividends. This internal disagreement has spilled over to the markets, where EssilorLuxottica – the eyewear group controlled by Delfin – saw its stock slip by about 3%. While no formal decision has been taken yet, the uncertainty over Delfin’s governance is being watched closely by investors and analysts.
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