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Tag Archives: Folli Folie

Court rejects Folli Follie’s injunction for protection by creditors

A Greek court has rejected an injunction filed by jewellery maker Folli Follie for temporary protection of its assets from creditors, local and international media report. The court decision opens the way to creditors’ claims up to a certain amount of money. Folli, a luxury Greek brand with a distinct …

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Folli Follie “cooked books” for ten years, says prosecutor

A prosecutor in Athens referred to indications of fraud in the balance sheets of 18 Folli Follie subsidiaries dating back to 2007, in requesting the freezing of bank accounts and safe deposit boxes belonging to the embattled company’s principal owners, the Koutsolioutsos family, and board members. According to naftemporiki, economic …

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Greece’s market regulator fines Folli Follie with 4million euros

Greece’s securities regulator Capital Market Commission a 4 million euro ($4.64 million) fine on luxury jewelry maker Folli Follie on Thursday. The fines stem from violations dealing with market manipulation and failure to provide requested financial data for 2017, the commission said according to media. The fines were imposed on …

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