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Folli Follie

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...

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...

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...

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...

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...

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,...

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...

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,...

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...

Three Greek Firms Unaffected by Crisis

According to Kathimerini newspaper, three Greek companies, Jumbo, Folli Follie and Fourlis, remained unaffected by the six-year recession, planning to open new stores in the Balkans. Folli Follie group has a long standing presence in the Romanian market, in the wholesale...