Billionaire heir Matteo Del Vecchio drops $5.5M on Woolworth unit

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Home is within sight! 

Financier Matteo Del Vecchio, the Italian billionaire heir of Luxottica — the world’s largest eyewear company — is the buyer of a $5.5 million unit at the landmarked Woolworth Building.

The three-bedroom home is on the iconic building’s 45th floor. It was last asking $5.9 million. 

Residences at the 792-foot-tall neo-Gothic tower begin 580 feet above street level. 

Matteo is the son of Claudio Del Vecchio, who bought legendary American menswear company Brooks Brothers for $225 million in 2001.

But it became a COVID casualty, declared bankruptcy during the height of lockdown in July 2020 and was sold for $325 million to Simon Property Group and Authentic Brands Group. 

The Del Vecchios are the second wealthiest family in Italy.

Claudio is currently listing his 1916 home at 393 Mill River Road in Muttontown, New York, for $12.5 million, as we previously reported. 


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