09:11 AM EDT, 09/11/2026 (MT Newswires) -- Top officials at EssilorLuxottica (EL.PA) issued a memo to staff defending Chief Executive Officer Francesco Milleri against further criticisms made by Leonardo Maria Del Vecchio, a son of the company's late founder, Bloomberg News reported Friday. The memo, signed by the luxury eyewear maker's chief people, finance and operations officers, reportedly sought to shift blame for the drop in the company's share price, which they said reflects several factors including the macroeconomic and geopolitical environment. Earlier this week, EssilorLuxottica's board unanimously reaffirmed its full confidence in the company's management and strategy amid the ongoing public dispute between Milleri and Del Vecchio. EssilorLuxottica did not immediately respond to a request for comment from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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