One of the Dublin registered firms has been heavily involved in promoting Calabrian holiday homes to British and Irish buyers.

BBC: Northern Ireland man arrested in 'Ndrangheta raids

The Calabrian town of Rende secured an exclusive loan of paintings from Malta for an exhibition at its Museo Civico.

ECONOMIST: Il Cavaliere Calabrese

Gucci's boss, Domenico de Sole, a fellow Calabrian, is thought to be friendly with the family, although Versace may prefer a flotation.

ECONOMIST: Families out of fashion