A shopping spree looks set to begin in the world of luxury. Prada, one big-name Italian brand, is said to be in talks to buy another, Versace. On March 13th Donatella Versace stepped down as chief designer of the firm founded by her brother. Giorgio Armani, the 90-year-old founder of his eponymous label, has said he isn’t ruling out a merger as he plans for retirement. Last month the family that owns Ferragamo, one more Italian brand, had to reassure staff that it is not up for sale after its chief executive abruptly left.
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