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Don’t miss the latest developments in business and finance.
Ray-Ban's billionaire owner Leonardo Del Vecchio passes away at 87
Raised in a Milan orphanage, Del Vecchio struck out from the northern city to set up shop in the town of Agordo, in the Alps north of Venice, starting off as a small supplier of frame parts
Luxottica, Essilor agree on a $49-bn merger
Both the companies had already explored a possible tie-up a few years ago