Folli Follie
QCM head: FFG's loan problems could mark 'beginning of the end'
News that a creditor of luxury jewelry maker Folli Follie Group has terminated its loan agreement with the company could be the beginning of the end for the troubled firm, Gabriel Grego, the head of equity fund Quintessential Capital Management (QCM), told Kathimerini on Thursday.
The Folli Follie case has only just begun, warns QCM head
"The case of Folli Follie has just started, and the truly important developments are yet to come," the head of the QCM fund, Gabriel Grego, has told Kathimerini.
Folli Follie given a rather small fine
The Capital Market Commission has slapped Athens-listed Folli Follie Group and nine board members or officials with a fine of 4.02 million euros for market manipulation and violation of rules regarding data submission.
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Folli Follie creditors see protection as invalid
Folli Follie creditors - banks and bondholders - are expected to determine their stance this week toward the listed company's recourse to protection from bankruptcy.
The luxury jewelry firm's inclusion in the pre-bankruptcy procedure last week was meant to prevent the seizing of its assets and other measures that would have forced it to halt operations.
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Capital market regulator set to take Folli Follie to court
The Capital Market Commission is toughening up its attitude toward the listed Folli Follie group, with sources at the stock market watchdog saying that a decision has already been reached to take its board members to court on charges of manipulating the market.
Folli Follie says audit will be completed in August
Luxury jewelry maker Folli Follie, whose finances are being investigated by Greek authorities while its shares have been suspended from trading, said late on Monday that a financial audit would be concluded in August.
Probe into Folli Follie will be ready by August 10
Ernst & Young expects its inspection into the finances of troubled jewelry group Folli Follie to be completed by August 10, according to EY Greece Chief Executive Panagiotis Papazoglou.
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Market regulator sues Folli Follie management
The Greek securities regulator said on Tuesday it had filed a lawsuit against the management of luxury jewelry maker Folli Follie.
The Capital Market Commission said it had sued the board members and financial directors of the Folli Follie group and its Asian business, without giving details of the allegations.
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Plans to split Folli Follie into two firms
The creditors of the troubled Folli Follie Group - banks and bondholders - are examining all possible options for the listed company's future as there is a growing feeling that it will not emerge unscathed from its crisis regardless of the correctness of its financial reports.
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ATHEX: Folli Follie drags index to new year low
The suspension of Folli Follie's stock on Friday changed the mood from positive to negative at Athinon Avenue, turning mild gains into significant losses for the majority of listed companies, with the decline accelerating during the closing auctions.
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