Attica Department Stores

Attica Department Stores is targeting foreign tourists, especially those coming from third countries and making tax-free purchases, with its new 400-square meter store under the Attica Selections brand, which has opened an outlet at Athens International Airport.

Mike Ashley, the billionaire owner of British group Sports Direct International, is interested in the activities of Folli Follie, excluding those in Asia.

Greek banks are about to auction off Folli Follie's 35.7 percent stake in Attica Department Stores to recoup funds they loaned to the troubled jewelry group.

The holding was used as collateral for the loan issued to Folli Follie last May, when the group started feeling repercussions after the revelation of discrepancies in its financial reports.

The stake that the troubled Folli Follie group holds in Attica Department Stores has attracted the interest not only of the retailer's other shareholders but also that of another investor, Kathimerini understands.