EssilorLuxottica heir attacks CEO as shares halve; executives rally behind leader

Leonardo Maria Del Vecchio, son of EssilorLuxottica's founder, publicly criticized CEO Francesco Milleri following a 50% share decline, prompting top management to issue a letter defending Milleri. The dispute signals potential governance instability at the world's largest eyewear maker, though the market impact is uncertain. The conflict may pressure the board to address strategic direction amid falling valuation.