(BFW) Prada FY Net EU627.8m Trails Est.; Miu Miu Ebitda Falls

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MORE: Prada FY Net EU627.8m Trails Est.; Miu Miu Ebitda Falls 2014-04-02 08:52:01.759 GMT

By Billy Chan and Moxy Ying April 2 (Bloomberg) -- 4Q same-store sales growth at 6%; full-yr same-store sales growth 7%: statement to H.K. stock exchange. * FY Ebitda of Prada brand +11.1% y/y to 1.05b euro * FY Ebitda of Miu Miu -10.9% y/y to 89.3m euro * Miu Miu Ebitda margin decreased to 17.1% from 19.5% because of increase in oper. expenses on expansion of directly operated store network * Total 540 stores owned by co. vs 461 yr ago * 330 Prada brand stores as at end-Jan. vs 283 stores yr ago; 24 franchises vs 19 yr ago * 150 Miu Miu brand stores as at end-Jan. vs 126 stores yr ago; 8 franchises vs 6 yr ago * 52 Church’s brand stores as at end-Jan. vs 45 stores yr ago * Final div/shr 0.11 euro * Earlier: Prada FY Net Income EU627.8m; Est. EU656.3m

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To contact the reporters on this story: Billy Chan in Hong Kong at +852-2977-6114 or bchan101@bloomberg.net; Moxy Ying in Hong Kong at +852-2977-4736 or yying13@bloomberg.net To contact the editors responsible for this story: Jan Dahinten at +65-6212-1164 or jdahinten@bloomberg.net Shiyin Chen

>>> Quiksilver +6.9% on the last 2 days - K.Slater stopped 23y partnership with

K.Slater stopped his partnership with Quiksilver to launch his own brand backed by Kering, Should see some pressure on the stock.


WWD : Kering Partners With Kelly Slater

PARIS — American professional surfer Kelly Slater is separating from sponsor Quiksilver after 23 years and launching his own brand as part of a new partnership with Kering.

Kering confirmed the partnership with Slater, adding that it would be “a multilayered relationship” with Kering “supporting Slater in the launch and the development of his own apparel brand, acting as an operational partner providing assistance where possible in areas like sourcing, logistics, e-commerce, etc.”

Slater would become an ambassador for Kering and take part in initiatives across some of the group’s brands, namely in relation to sustainability, it added. A spokeswoman for the group declined to say whether Kering would take a stake in Slater’s brand.

Slater, 42, earlier took to his Facebook page to reveal the news. He paid tribute to Quiksilver, which signed him to a 100 percent sponsorship deal in 1990.

“There aren’t enough pages or words to express my heartfelt thanks and appreciation for the experiences that have come from this relationship we’ve shared together. So it is with a heavy heart and a lifetime of positive memories that I move in a new chapter of my life,” he wrote.

“For years I’ve dreamt of developing a brand that combines my love of clean living, responsibility and style. The inspiration for this brand comes from the people and cultures I encounter in my constant global travels, and this is my opportunity to build something the way I have always wanted to,” he added.

Slater did not provide any additional details about the partnership with Kering. “They share my values and have the ability to support me in all of my endeavors. I look forward to exploring all of the new opportunities this partnership will provide,” he said.

(BFW) Bouygues Keeps Earlier SFR Offer Open to Vivendi

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Bouygues Keeps Earlier SFR Offer Open to Vivendi 2014-04-02 06:44:32.276 GMT

By Sam Chambers April 2 (Bloomberg) -- In response to requests from Vivendi shareholders, Bouygues maintains validity of an earlier offer for SFR, which it made on March 12. * Under terms of its March 12 offer, Vivendi would receive EU11.3b cash, 43% stake in merged co. * Under terms of Bouygues’s most recent offer, Vivendi would receive EU13.15b cash and a 21.5% stake in merged co. * Says both offers remain valid until April 25. Statement * NOTE: Altice said to be considering raising cash portion of its SFR offer. Story * NOTE: A three-week exclusivity period for Vivendi and Altice to reach an agreement expires on April 4

For Related News and Information: First Word scrolling panel: FIRST<GO> First Word newswire: NH BFW<GO>

To contact the reporter on this story: Sam Chambers in London at +44-20-7673-2021 or schambers7@bloomberg.net To contact the editor responsible for this story: James Ludden at +44-20-7673-2645 or jludden@bloomberg.net

>>> MannKind(MNKD) +131.6% after Hours on FDA Approval of Afrezza - see details

Mannkind: FDA Advisory Committe votes in favor of safety and efficacy of AFREZZA for the treatment of both type 1 and type 2 diabetes (stock halted) (4.02 0.00)
The Endocrinologic and Metabolic Drugs Advisory Committee recently concluded it's review of new drug application (NDA) 22-472, proposed trade name AFREZZA (TECHNOSPHERE Insulin Inhalation System), 3 unit and 6 unit cartridges for oral inhalation, manufactured by MannKind Corporation. The proposed indication (use) for this application is to improve glycemic control in adult patients with type 1 or type 2 diabetes mellitus.

The panel voted 13 yes, 1 no, with 1 abstain in favor of the safety and efficacy of AFREZZA for the treatment of type 1 diabetes.

The panel voted 14 yes, 0 no in favor of the safety and efficacy of AFREZZA for the treatment of type 2 diabetes.


--> Co confirmed that the Endocrinologic and Metabolic Drugs Advisory Committee of the FDA voted 13 to 1 to recommend that AFREZZA (insulin human [rDNA origin]) Inhalation Powder be granted marketing approval by the FDA to improve glycemic control in adults with type 1 diabetes and voted 14 to 0 to recommend that AFREZZA be granted marketing approval by the FDA to improve glycemic control in adults with type 2 diabetes. If approved, AFREZZA would be the first ultra rapid-acting mealtime insulin therapy available in the United States.

>>> Pernod Ricard preparing sale of Jan Becher, sale price could reach USD 200m

Pernod Ricard preparing sale of Jan Becher, sale price could reach USD 200m

Pernod Ricard, a French wine and spirits company. is preparing a sale of its Czech liquor producer Jan Becher, a newswire reported on Tuesday.

Stock Spirits Group and SPI Group are likely to be among the potential bidders, according to Reuters, which cited undisclosed sources. Societe Generale was named as a transaction advisor, sources claimed.

The first round of the sale tender is to start this Friday, one of the sources noted. Jan Becher produces Becherovka, a popular digestive liquor, the item said.

The selling price could reach USD 200m, noted the report.


Source Newswire Round-up

>>> What to look at today : 02/04/2014

US MArket Closed, with S&P Settling at a fresh record high (1885.52), Nasdaq is still leading the move, top name leaded the move...(AAPL+0.91% , NFLX +3.44%, GOOG+1.83%, AMZN+1.66%...Consumer Staples(-0.1%), Telecom Service(+0.3%) & Utilities(-0.7%) ended behind the broader market...VIX @ 13.10 -5.62%...Volume was on the light side @ 700mil shares
Today eco MBA Mortgage, ADP employ. & Factory Orders...Chinese property sector saw some relief following a report from Shanghai Securities News indicating the govt in some of the lower tier cities - more vulnerable to a housing downturn - are considering easing some of the curbs....Tokyo markets got a boost from strong economic data in the US session, with rising treasury yields translating into stronger dollar/weaker yen and subsequently higher equity prices....Nikkei225 breached the psychological 15,000 mark - also its 3-week high. BOJ March Tankan survey revealed diminishing expectations of the economy being able to achieve the 2% inflation target, noting that firms of all sizes see CPI at 1.5% in 1 year and just 1.7% in five years. This follows overnight disappointing manufacturing Tankan for Q1, which prompted economists at Nomura to forecast more BOJ policy easing in July....Nikkei +1.10% (below the 15k)... HS+0.22% ... Shanghai+0.57%

Eur$ 1.3806 S&P Fut +0.12% European Fut. +0.35%

- Europe May Enter New Period Market Volatility, Weber Tells FD {NSN N3E0KZ6K50ZT <go>}
- European Investors Concerned China Growth Unsustainable: Goldman
- JP Morgan Lowers 2014 Iron Ore Price Forecast on Steel Outlook

Keep an eye on :
- AAL LN : Anglo American May Divest Platinum Division: Chicago Tribune
- ASC LN : Asos 1H Pretax Beats Ests., GBP2.5b Sales Next `Staging Post'
- BLT LN : BHP Asset Spin-Off May Have Enterprise Value of $48B, MS Says
- BLT LN : BHP Portfolio Simplification Unlikely to Create Value: Liberum
- BNP FP : BNP Paribas Sells Miami Private Bank to Santander, Echos Says
- DAI GY : Nissan to Offer Mercedes Engine in New Skyline, Nikkei Says
- DL NA : Delta Lloyd CEO Plans to Step Down at May 2015 AGM at Latest
- DPW GY : Deutsche Post Forecasts Ebit to Rise 8% Per Year Through 2020
- EDF FP : EDF Should See More Supportive News Flow in Next 6-9 Mos.: JPM
- EDP PL : EDP Says Iberdrola Decreased Stake to 1.58% From 2.9%: CMVM Link
- GLJ GY : Grenkeleasing 1Q New Business Up 13%; Says Had Successful Start
- IBE SM : Spanish Regulator Says 1st Month Power Tariff Deficit EU1.1b
- MEO1V FH : Weir’s Metso Merger Opposed by Finnish State Fund: Reuters
- MEO1V FH : Cevian Capital May Support Weir/Metso Merger, Times Says
- RB/ LN : Reckitt Benckiser Likely to Spin Off Pharma Unit, JPMorgan Says
- RDSA NA : Shell Using More Chinese Equipment in U.S. Shale Business: FT
- RNO FP : Renault Samsung Aims to Boost Sales by 70% in 2016 vs. 2013
- RSA LN : MORE: Moody’s Cuts U.K. Life Insurers Outlook to Negative
- RXL FP : *REXEL, ADVENT, CVC SAID TO DECIDE NOT TO BID FOR ANIXTER
- SBMO NA : SBM Offshore: Evidence Payment to Officials in Angola/Eq. Guinea
- GENP FP : Stallergenes Says FDA Has Approved Oralair
- SL/ LN : Standard Life, St James's Place Top U.K. Life Picks: JPMorgan
- VONN SW : Vontobel CEO Says He Has ‘Cautious’ Outlook for 1H 2014
- ZAG AV : Zumtobel Sees Sales Rising 3%-5%/Yr Until 2016/2017; Cuts Jobs