Folli Follie
Capital Market Commission inspectors carry out spot check at Folli Follie HQ
Inspectors of the Capital Market Commission on Thursday carried out a spot check at the headquarters of disgraced listed Greek jewelry retailer Folli Follie in northern Athens, sources have told Kathimerini.
The surprise inspection is seen as part of the Commission's efforts to restructure the company and assign responsibility for its troubles.
Koutsolioutsos seeking to install new administration at Folli Follie
The main shareholder of disgraced listed Greek jewelry retailer Folli Follie is seeking to install a new administration at the company's helm and will be petitioning shareholders for the removal of the board's president and three other members and their replacement by executives from the company's existing roster, Kathimerini understands.
Folli secures Links of London brand in deal with administrator
Folli Follie has acquired the brand of its UK-based unit Links of London after an agreement with its administrator, the Greek jewellery maker said on Wednesday.
Folli last November reached a preliminary rescue deal with some of its creditors, four months after an audit revealed a one billion euro hole in its 2017 reported revenue.
Koutsolioutsos family face criminal charges
Less than 24 hours after a court order was issued for the ejection of George Koutsolioutsos from the board of troubled jewelry-maker Folli Follie, a financial prosecutor on Tuesday filed criminal charges against Koutsolioutsos and his family who founded the company.
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Senior executives of Greek jeweler Folli Follie prosecuted
A prosecutor has indicted 16 executives of Greek jeweler Folli Follie including its founder Dimitris Koutsolioutsos and his son George Koutsolioutsos.
The criminal prosecution includes allegations of running a criminal organization, forgery and stock manipulation involving members of the Koutsolioutsos family.
Senior members of Greek jeweler Folli Follie prosecuted
A prosecutor has indicted 16 executives of Greek jeweler Folli Follie including its founder Dimitris Koutsolioutsos and his son George Koutsolioutsos.
The criminal prosecution includes allegations of running a criminal organization, forgery and stock manipulation involving members of the Koutsolioutsos family.
Jobs lost at the British subsidiary of Folli Follie
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.
Folli says working to ensure Links of London business continues
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."
Folli Follie’s Links of London runs into trouble
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.
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Folli Follie expects rescue talks to bear fruit soon
Talks between Greek jeweler Folli Follie and creditors over a rescue plan are at a "critical" stage and are expected to conclude in the coming weeks, its chairman said on Tuesday.