Andrea Guerra , CEO of the Prada group, has held a conference call with analysts on the group’s financial results for the first nine months of the year, in which the group posted a revenue of over €4 billion, up 9%.

“We have entered the fourth quarter and, as usual, the last six weeks of the year become crucial. Our products have performed well in the first four weeks of October. Miu Miu is proceeding along its path of gradual long-term normalisation,” said Guerra.

Asked about Versace , and the completion of last April's acquisition, Guerra said that “the transition is not yet complete, we’re waiting for regulatory approvals within the next fortnight.”

To the question of whether he’d be willing to consider making an offer for Armani if L'Oréal , the Prada group’s beauty partner

See Full Page