Story perspectives

Del Vecchio Raises Delfin Stake, Announces 80% Dividends

4/27/2026

Summary

Story summary

Delfin shareholders approved a €10 billion acquisition that lets Leonardo Maria Del Vecchio purchase his siblings’ 25 % stake.
The transaction raises Del Vecchio’s personal holding in Delfin to 37.5 %.
Del Vecchio is negotiating financing with UniCredit, BNP Paribas and Crédit Agricole.
Shareholders also approved a plan to distribute 80 % of Delfin’s profits as dividends from 2025 to 2027, aiming to end the governance stalemate after founder Leonardo Del Vecchio’s death in June 2022.

History

Historical Context

After the 1980s Gucci family feuds ended with the 1993 sale of the last family shares, Pinault’s group bought a 42% stake for $3 billion in 1999 and later amassed 99.4% ownership; the conglomerate, renamed Kering in 2013, now oversees dozens of luxury brands, illustrating the shift from family control to corporate consolidation.

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Story summary

Delfin shareholders approved a €10 billion acquisition that lets Leonardo Maria Del Vecchio purchase his siblings’ 25 % stake.
The transaction raises Del Vecchio’s personal holding in Delfin to 37.5 %.
Del Vecchio is negotiating financing with UniCredit, BNP Paribas and Crédit Agricole.
Shareholders also approved a plan to distribute 80 % of Delfin’s profits as dividends from 2025 to 2027, aiming to end the governance stalemate after founder Leonardo Del Vecchio’s death in June 2022.

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