Leonardo Maria Del Vecchio: from John Elkann to the Angelucci family the step is short. But the young heir of the giant Luxottica, son of Leonardo Del Vecchio, apparently has broader aims that reach as far as Riffeser Monti family, that is, the publishing group QN. After the attempt, later shelved, to take over the Gedi group (which controls the newspapers La Repubblica e The print), Lmdv Capital, the family office of Leonardo Maria Del Vecchio, announces that it has signed an agreement with Tosinvest Finance Company for the acquisition of the 30 % de The newspaper, a historic national newspaper owned by the well-known Angelucci family, owners of an "empire" that ranges from healthcare to publishing.
Leonardo Maria Del Vecchio: What He Bought and Why
The entry of Lmdv Capital – as explained in a note – “occurs as long-term investor, alongside the reference shareholder, with the aim of strengthening the newspaper's industrial project and supporting its digital evolution, while preserving its identity, autonomy and editorial line".
Does Leonardo Maria Del Vecchio deal exclusively with QN?
The note, however, continues until reaching the most important step: the operation – it is underlined – “is part of the wider path launched by Lmdv Capital in the media sector and is alongside theexclusive recently signed for the acquisition of the majority of an Italian publishing group, active in national and local newspapers and digital platforms. The two initiatives outline the initial scope of the Italian publishing hub that Leonardo Maria Del Vecchio intends to develop as the basis for its future media business plan.
And then, after the sights on Gedi, Del Vecchio seems intent on returning to a major operation, which could reshape the balance of Italian publishing. According to Radiocor, which cites financial sources, Del Vecchio is reportedly in exclusive negotiations to purchase the QN publishing group from the Riffeser Monti family.. National Daily Newspaper (which brings together The day, The nation e Il Resto del Carlino) to The newspaper According to Lmdv, they would represent the first two initiatives of the Italian publishing hub that the entrepreneur intends to develop as basis of its future industrial plan in the mediaAt the beginning of December, the entrepreneur had announced that he had also moved towards the Gedi group for which Exor (i.e. the Elkanns) is instead in exclusive negotiations with the Greek shipowner. Theodore Kyriakou.
Leonardo Maria Del Vecchio: what he said
“In a phase of profound reorganization of the sector – the note continues – Lmdv Capital confirms its desire to invest in the long term in Italian information by providing capital, managerial skills and know-how on digital transformation”. The project – it is explained – involves the construction of a integrated editorial platform, founded on: enhancing the historic brands of the Italian press; accelerating digital transformation (websites, apps, podcasts, videos, premium products, and subscription models); the responsible use of data and artificial intelligence to support the work of editorial staff, without replacing the role, independence, and value of journalists or reducing the centrality of editorial decisions; and professional resources, people working within the editorial structure who represent the human capital on which the group's growth, credibility, and identity are based.
“This investment, alongside the Angelucci family, represents a concrete step in the path I have outlined in recent months: Strengthen Italian publishing with patient, industrial Italian capital“, declares Del Vecchio. “We cannot accept that the future of information is decided exclusively by algorithms or from platforms that don't invest in journalism. The goal of those who can invest today is exactly the opposite: to put resources and expertise at the service of free newsrooms, capable—he concludes—of reaching new generations without sacrificing quality.
