![Donatella Versace on the runway for Milan Fashion Week Spring/Summer 2018. Photo: Getty Images.](https://cdn.i.haymarketmedia.asia/?n=campaign-asia%2fcontent%2fVersace.jpg&h=570&w=855&q=100&v=20170226&c=1)
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The merger of the two fashion conglomerates will establish a "powerful global luxury house" that generates US$12 billion in annual sales.
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