Prada expects last authorisations for Versace deal in next 15 days

Prada 1913 CEO Andrea Guerra tells analysts in a conference call :

• GROUP STILL WAITING FOR LAST AUTHORIZATIONS FOR VERSACE DEAL, HOPEFULLY THEY WILL COME IN THE NEXT FIFTEEN DAYS

• SALE TREND CONTINUED TO IMPROVE IN OCTOBER

• ASKED ABOUT A POSSIBLE INTEREST FOR ARMANI ALONGSIDE L'OREAL, SAYS DOESN'T THINK TOPIC WILL COME UP, NOT REALISTIC TODAY

• THINK THE WORST IS OVER IN CHINA, BUT WE WON'T SEE IN THE NEAR FUTURE THE GROWTH RATES SEEN IN LAST DECADE