Folli Follie
Business
Greece Sends Folli Follie Scandal Masterminds to Trial
A judicial panel in Greece has decided to send 13 defendants in the Folli Follie case to trial before a three-member Athens criminal appeals court.
The accused include Dimitris Koutsolioutsos, the founder of the jewelry-making company, his wife Katerina, and...
Business
Founders of Greek Luxury Goods Empire Folli Follie Jailed
The founders of Folli Follie, the luxury goods manufacturing and retail company, were led into a Greek jail on Wednesday, pending trial on a number of charges, including fraud, money laundering, market manipulation and forgery.
According to the indictment, the...
Crime
Ten People Charged for Money Laundering in Folli Follie Case
A financial prosecutor on Friday charged 10 people for fraud and money laundering in the Folli Follie Group case.
Among the 10 people investigated are founder Dimitris Koutsolioutsos, his wife Katerina and their son Giorgos, who is also CEO and...
Crime
Prosecutor Subpoenas 10 Suspects in Folli Follie Scandal
Ten individuals were summoned on Monday by a Greek prosecutor who is investigating the Folli Follie scandal.
As reported by Greek daily Kathimerini, the suspects were called to testify, and are facing charges of fraud and money laundering.
Following the prosecutor's...
Business
Folli Follie Assets to be Frozen as Investigation Continues
As investigations into possible fraud and wrongdoing continues, a Greek financial prosecutor has ordered all the assets belonging to a Folli Follie chartered accountant, along with the assets of an executive in the company's Hong Kong subsidiary, to be...
Business
Alvarez and Marsal Analysis on Folli Follie Shows Major Discrepancies
The Alvarez and Marsal report on the financial and legal audit of Folli Follie that was issued on Tuesday shows major discrepancies in the company's finances.
The report "Preliminary Restatement Findings with respect to the FF ASIA GROUP consolidated financial...
Business
Capital Markets Watchdog Looks into Folli Follie Share Plunge
Greece's capital markets watchdog has asked retailer Folli Follie to appoint an independent auditor to check over its 2017 financial reports after an equity fund accused the Greek company of overstating how many selling points it has worldwide.
Last week,...
Business
Greek Retail Chains Opening Stores in Tax-Friendly Romania
Large Greek retail chains see a great window of opportunity in Romania where consumer incomes are increasing while value added tax in food and other goods is dropping.
According to a Kathimerini newspaper report, Greek retail giants Jumbo, Sarantis, Folli...
Business
HotelBrain and Folli Follie Work Together for #FFIslandHopping Media Campaign (video)
Folli Follie, the Greek jewelry company has completed its latest photo shoot on the Island of Mykonos as a part of their #FFIslandHopping media campaign along with HotelBrain as host.
Thanks to this campaign the world will see many Greek islands,...
Economy
Athens Stock Exchange Recording Losses of 7.35% During Third Consecutive Day of Fall
New dramatic free fall recorded the Athens Stock Exchange (ASE), which sank to a new year low, amid the worsening climate in the markets due to political uncertainty, while the Greek 10-year bond recorded a worrying increase over 9%.
The...