Prada Group CEO Andrea Guerra , speaking to FashionNetwork.com , confirmed that after completion of the Versace deal, expected on December 2, the business will focus on the label and no further acquisitions are on the horizon for now.

FashionNetwork.com: Can we confirm completion of the Versace deal on December 2?

Andrea Guerra: Yes. Obviously anything can happen, but it should be finalised on the morning of December 2.

FN: Are you considering the "rescue" or "repatriation" of other Italian companies, having brought Versace back into Italian hands?

AG: Not at the moment. We will be fully focused on and committed to Versace for at least three years, so during this period I really don't think we will acquire other companies. We should also remember that acquisitions are decide

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