Luxottica is still in the dark in Piazza Affari where it loses about 2% at 38,15 euros after the substantial agreement reached between the controlling shareholder (Leonardo Del Vecchio) and the CEO Andrea Guerra for the latter's exit from the group. All of this, as anticipated by Il Sole 24 Ore, will probably be defined by a board of directors of the group scheduled for September 120st: on that occasion the manager's departure will be sanctioned, who according to the reconstructions of the last few hours will benefit from a liquidation (between stock options and indemnities) of around 6 million. The stock has lost almost XNUMX% since last Tuesday.
The market is already looking at his succession, for which the name of the current financial and general director Enrico Cavatorta is circulating insistently, even if the company will give a mandate to Egon Zhender to start a formal selection of the manager. Meanwhile, analysts remain optimistic about post-war Luxottica. In two reports released today, Mediobanca and Deutsche Bank confirm their assessments of the stock, respectively outperform with a target price of €49 and buy with a target price of €46,5. The German institute, in a study dedicated to luxury, underlines that Luxottica remains a key company in the sector despite speculation about the CEO's departure thanks to its exposure to the dollar and its undisputed leadership in its sector.
