Folli Follie plans to open 80 new stores

Greek jewellery and fashion accessories company giant Folli Follie plans to open 80 new stores in the next three years.

The vision was announced by Giorgos Samios, the group’s former chief financial officer who has been appointed chairman and chief executive.

Founder Dimitris Koutsolioutsos, his son Georgios are facing a string of charges, including running, forming and joining a criminal organization, market manipulation, fraud against the investing public, money laundering and counterfeiting.

The former has been jailed in Athens’ high security Korydallos prison, while his son is being held at a detention centre in Trikala, central Greece.

Folli Follie

The Greek-based international company which was established in 1982, designs, manufactures and distributes luxury jewellery, watches and fashion accessories.

The first shop was in the commercial district of Athens.

Folli Follie started out by manufacturing jewellery and in 1994 it launched its line of watches.

In 1995 the first overseas store opened, in Japan.

It is now ranked among the top 10 brands in luxury goods in Japan, with 80 points of sale.

It is currently active in 25 countries, including the UK, Switzerland, Japan, France, the US, China (more than 120 shops) and Russia.