Folli Follie
Economy
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...
Economy
Dufry Strikes Deal to Acquire Remaining 49% of Hellenic Duty Free
Swiss travel retailer Dufry said it was buying the 49 percent stake in Hellenic Duty Free it does not already own from Greek rival Folli Follie for 328 million euros ($452 million), a vote of confidence in the austerity-hit...
Business
Greek Business Activity Grows In China
Greek business activity in China is intense lately, mainly because of the Greek crisis that has forced companies to look to foreign markets for sales.
According to data from the Office of Economic and Commercial Affairs of the Greek Embassy...
Economy
Dufry to Buy 51% Stake in Folli-Follie Greek Travel Retail Unit
Dufry AG, the operator of Hudson News stores in airports, agreed to buy a 51 percent stake in Folli-Follie Group’s travel retail business to expand in the Mediterranean tourism market.
Dufry will pay 200.5 million euros ($258 million) for the...
Economy
Folli, Koc Seal Greek-Turkish Island Marina Deal
Greece's luxury retailer Folli Follie and Turkish conglomerate Koc Holding have teamed up to operate a small marina on the Greek island of Lesbos, in a rare instance of cooperation between the long-standing rivals.
The deal, announced by both firms...