Greece

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...

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...

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...

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...

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...

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,...

  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,...

Greek jewellery retailer Folli Follie Group reported a 7.5% rise in its 2011 profit on Thursday, as sales in China and a good tourism season at home helped it cope with the country's severe recession. Folli, which sells jewellery and...

Just when things get grim in Greece, you can always turn to the vanishing PASOK Anti-Socialists for a few yuks, featuring their answer to Abbott and Costello, current leader Evangelos "The Opportunist" Venizelos and the man he succeeded, so...

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...

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...

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...

The number of Chinese tourists visiting Greece will rise tenfold, said Fosun Senior Vice President Jim Jiannong Qian, according to a Bloomberg report. Fosun International Ltd., a Chinese conglomerate involved in the venture to transform the former Athens airport site into...

Shopping malls such as River West and Athens Metro Mall, discount malls such as McArthur Glen and Smart Park, IT stores Public and Plaisio, Germanos, Media Markt, furniture group ENTOS, Jysk, Folli Follie, GAP, Marks & Spencer and several...

Greek stocks nosedived 10.54% on Monday, with investors spooked by the losses in global markets, the slowdown in China and growing uncertainty over Greece's snap elections. The composite index sunk below 600 points to its lowest level since June...