links of london

UK-based jeweler Links of London's fall into administration has led to loss of 38 jobs at its head office in London, administrator Deloitte said on Friday, adding that there have been no job losses in any stores.

Greek jewellery maker Folli Follie said on Friday it wanted to ensure that operations at its wholly owned subsidiary Links of London are not disrupted after the UK-based peer entered administration this week.

Folli said that its board intends to work with the joint administrators of Links of London to ensure that "business continues as a going concern post administration."

Greek jewelry maker Folli Follie's Links of London appointed Deloitte as an administrator on Wednesday, putting about 350 jobs at risk and adding to the list of high-profile retailers that have run into trouble on Britain's high street.

Financially troubled jewelry and fashion accessories firm Folli Follie has confirmed it is looking to sell jewelry subsidiary Links of London.

Links has filed for bankruptcy in the United States but continues to operate.

Folli Follie is seeking 60 million euros for all its stake in Links of London, but markert insiders believe the real value is between 10 and 20 million euros.

Greek jewellery maker Folli Follie has mandated Deloitte and Savigny Partners to look into the possible sale of its UK-based jeweller Links of London, it said on Monday.