Jewellery maker Folli aiming for creditors deal 'within days,' says source

Greek jewellery maker Folli Follie is in talks with three bondholders hoping to firm up a restructuring plan "within days", a senior company source told Reuters on Friday.
The step is key for the company, which has debt of about 430 million euros due this year and in 2021, to avoid collapse.
Along with its luxury jewellery trademark, Folli distributes international apparel brands in Greece, including Nike and Calvin Klein. It employs 5,000 people in its home market and abroad, including in China and Japan.
A hedge fund report in May suggesting the company misrepresented sales sent Folli's shares into a tailspin, prompted a legal investigation, fines from the Greek securities watchdog and the resignation of the company's founders.
An initial audit into its Asian operations months later showed massive discrepancies in its 2017 financial statements. Since then,...

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