By  on October 22, 2013

MILAN — Global M&A activity picked up in the first nine months of the year, despite a lackluster economy, according to the annual Pambianco study on deals in the fashion and luxury sector.

In the first nine months of 2013, there were 81 deals, up 8 percent compared with 75 in the same period the year before. Since 2011, M&A deals have grown almost 40 percent.

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