
Links of London, the jewellery chain owned by scandal-hit Greek retailer Folli Follie, is on the brink of collapse, putting 500 employees at risk of redundancy.
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Links of London, the jewellery chain owned by scandal-hit Greek retailer Folli Follie, is on the brink of collapse, putting 500 employees at risk of redundancy.
Greece’s securities regulator on Thursday imposed fines worth 20.3 million euros on luxury jeweller Folli Follie and 10 former and current top executives, citing market manipulation over 2016 financial information.
Greek jewellery maker Folli Follie will seek creditor approval for a planned overhaul of the business, it said on Tuesday after announcing the resignation of the troubled company’s CEO.
Troubled Greek jewellery maker Folli Follie has asked for protection from creditors in order to finalise a restructuring plan, it said in a statement on Thursday.
Greek jewellery maker Folli Follie said on Thursday it had appointed a new CEO and an operations chief for its Asian business.
Greek jewelry maker Folli Follie appointed Nicolaos Kanellopoulos as its chairman on Monday to replace one of its founders who stepped down last month amid an investigation into the company’s finances.
A Greek court has rejected an injunction filed by jewellery maker Folli Follie for temporary protection of its assets from creditors, according to a court document seen by Reuters.
Troubled jewellery maker Folli Follie said in a bourse filing on Wednesday that its chairman and vice-chairperson resigned after a preliminary audit revealed discrepancies in its 2017 financial statements.
Greece’s securities regulator on Thursday imposed a 4 million euro fine on luxury jewelry maker Folli Follie and nine incumbent and former top executives, citing market manipulation over 2017 financial information.
Luxury jewellery maker Folli Follie, whose finances are being investigated by Greek authorities, has obtained a temporary court injunction to protect its assets, it said on Monday.