Ray-Ban heir rejects stepbrother's $3.9 billion offer for family firm stake

Ray-Ban heir Rocco Basilico reportedly rejected a €3.5 billion ($3.9 billion) offer for his 12.5% stake in Delfin Sarl, the family investment company behind EssilorLuxottica SA. The bid was tabled by Rocco's stepbrother, Leonardo Maria del Vecchio. The offer marks latest attempt by Leonardo Maria, son of EssilorLuxottica founder Leonardo Del Vecchio, to increase his stake in the family holding.