After a two-year hiatus, the luxury sector is poised for an uptick in merger and acquisition activity. The activity will be driven by a recovery in the sector, the weakness of the euro and a continuing convergence on price expectations. Swatch Group and Bulgari have denied speculation that they are in merger talks, but analysts and bankers say Salvatore Ferragamo, Roberto Cavalli, Gianfranco Ferre and other fashion companies could be in play.

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