FOLLI FOLLIE Commercial Manufacturing And Technical S.A.
FLLIY
Other OTC2.10
USD
-4.00
- -
ISIN
US3443361023
Return %
Stock
S&P500
1Y
-65.57
26.57
3Y
-65.57
76.60
5Y
-11.39
78.48
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- George Samios
- Full Time Employees
- 5,079
- Sector
- Consumer Cyclical
- Industry
- Luxury Goods
- Address
- 23klm Athinwn-Lamias National Highway, Athens Greece 14565
- IPO Date
- Feb 17, 2015
- Website
- ffgroup.com
- Similar Companies
- Business
- FOLLI FOLLIE Commercial Manufacturing And Technical Société Anonyme, established in Greece in 1982, historically engaged in the worldwide design, production, and distribution of jewelry, watches, and fashion accessories. The company's portfolio once included various luxury items such as handbags, wallets, leather goods, pashminas, and eyewear. Furthermore, it managed wholesale and retail activities, operating department stores in major Greek cities like Athens and Thessaloniki, alongside discount retail outlets and the distribution of branded apparel, footwear, perfumes, and cosmetics. However, the company has faced significant financial challenges, stemming from revelations in 2018 regarding substantial inaccuracies and overstatements in its financial reporting, particularly concerning its Asian operations. This situation led to a comprehensive financial restructuring process and legal proceedings. Consequently, Folli Follie initiated liquidation for many of its international operations, including its Asian retail networks and the Links of London brand subsidiaries globally. Currently headquartered in Athens, Greece, the company is engaged in a complex rehabilitation process. As of late 2021, a Greek court made a preliminary decision approving a restructuring agreement with creditors, though the finalization required amendments and was subject to ongoing legal actions, including trials against former executives. This endeavor aims to resolve its considerable liabilities and transfer remaining operational assets to new companies under creditor control, marking a strategic shift from its former extensive retail and manufacturing presence.