BusinessPhoto: Hindustan TimesRay-Ban Heir's Bid to Buy Italian Newspaper Rejected by Owners
Leonardo Maria Del Vecchio, heir to the founder of Ray-Ban maker EssilorLuxottica, proposed to take Italian newspaper Il Fatto Quotidiano private. The majority shareholders, including editor-in-chief Marco Travaglio, rejected the offer, stating no intention to sell. Del Vecchio claims his goal is to improve the paper's finances while protecting its editorial independence amid ongoing disputes.
Hindustan Times··Milan

