Moncler is buying smaller Italian high-end streetwear and fashion brand Stone Island in a 1.15 billion euro ($1.4 billion) deal which could signal an intention to consolidate rather than be acquired.

Italian luxury group Moncler said on Monday it would buy Stone Island in a two-step acquisition deal giving its smaller rival a company value of 1.15 billion euros ($1.39 billion).

I spent hours trading with villagers just to get those sweet Mending books. One wrong trade could ruin everything.