Entity Dossier
entity

Francesco

Strategic Concepts & Mechanics

Cornerstone MoveClose Every Circle Until Control Is Complete
Competitive AdvantageFashion Signature as Margin Multiplier
Signature MovePaternalistic Covenant With the Valley
Strategic PatternSubcontractor Apprenticeship as Espionage
Strategic PatternLow Cost Many Models Flood Strategy
Identity & CultureOrphan Hunger as Permanent Engine
Cornerstone MoveBuy the Myth Then Rebuild It From the Product Up
Risk DoctrineCash Fortress Before the Storm Hits
Identity & CultureSilicon Valley Peers Not Italian Peers
Operating PrincipleBring Production Home When Quality Fails
Signature MoveEvery Euro Saved Is an Extra Euro in Profit
Risk DoctrineOwnership Separated From Management
Competitive AdvantageClosed Valley as Loyalty Fortress
Signature MoveMove Before Being Overwhelmed
Cornerstone MoveHostile Raid to Swallow the Whole Animal
Capital StrategyWall Street Listing as Credibility Weapon
Signature MovePocket Recorder on the Nightstand
Signature MoveFactory Floor at Five AM, Never the Office

Primary Evidence

"The fact is that in the late spring of 2016, the French send an emissary to Milan to have a coffee with Leonardo. The two meet a stone's throw from the fashion district at one of the most elegant hotels in the city, which bears a hope for the future in its name: Palazzo Parigi. The boss doesn't believe in it much, he asks Francesco to take care of it, setting only one condition: he wants to count for his entire share. Instead, Milleri finds the right solution. The evolutionary leap is ready. The big day has arrived. It is a cold January night in 2017. The Financial Times breaks the news just after midnight. "Luxottica and Essilor have reached a 50 billion euro merger deal.""

Source:Leonardo Del Vecchio

"A few years later, in March 1317, a license was granted to Francesco, the son of master Nicolò Di Nicola, a Venetian surgeon, to make oglarios de vitro on the island north of the Venetian lagoon. Thus, Francesco is the first eyeglass manufacturer in history whose name has come down to us, a forerunner of the Venetian tradition that in the twentieth century will lead Italian frames to conquer the world."

Source:Leonardo Del Vecchio

"Del Vecchio shares his anxieties and concerns with Francesco, who, as a supplier, sees from the inside how the company is evolving under Guerra."

Source:Leonardo Del Vecchio

Appears In Volumes