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frames for prescription glasses British jeweler Solange Azagury Partridge."A lot of these larger companies are going to be under even greater pressure to find ways to grow. And when they've penetrated even more of these international hamlets, acquisitions are going to be the way to grow," Kravetz said.Hong Kong luxury menswear operator Trinity Ltd, which last year bought Italy's Cerruti fashion house, said it is looking to acquire more heritage brands in Europe to fuel its expansion in China, set to become the world's biggest luxury market within the next decade. In January, Trinity raised USD 95 million specifically to fund acquisitions.Retailers operating in greater China, such as Trinity and YGM Trading Ltd, have been acquiring European brands as increasingly wealthy Chinese consumers turn to expensive foreign brands for suits, handbags and shoes."What we've seen obviously is that companies have a lot of cash on their balance sheets, confidence again. We've passed the financial crisis," said Scilla Huang Sun, Swiss Global Asset Management told the Reuters Summit in Paris."Many companies are planning IPOs and we think consolidation in the luxury sector will continue. That's positive because it will lift luxury stocks," said Laurent Belloni, a fund manager at Pictet Premium Brand.Pictet Premium says luxury stocks are trading at 17 times future earnings, but could rise to 20 to 22 times earnings, in line with historical averages.Italian fashion house Roberto Cavalli said it has a long line of suitors, but wants to deliver on its turnaround plan before looking at a sale or initial public offering."We have a long queue that is coming to us, because they can smell there is something positive going on," Gianluca Brozzetti told the Reuters Global Luxury and Fashion Summit in London.Clothing brands such as fast growing French fashion brand Zadig Voltaire and Swiss luxury watchmaker Quinting also said they have been approached several times over the last two years.They said they eventually turned down the offers as they preferred to keep control of their companies. "It was not our intention to sell," Quinting CEO Pascal Berclaz said."I have a lot of people knocking on my door but I usually don't answer them