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Why Italy is not likely to see the formation of a new luxury group

Italy is not likely to see the formation of a new luxury group, which is perhaps not in the DNA of the country’s majority family-owned businesses. “I don’t think there will ever be a large luxury group in Italy. I don’t see any aggregations, said Moncler CEO Remo Ruffini, during a fashion roundtable ‘Fashion business and consumption’, organised...

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