Folli Follie

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Folli Follie
Folli Follie Group
S.A
Traded as AthexFFGRP
Industry Luxury goods manufacture and retail
Founded 1982
Headquarters Athens, Greece
Key people
George Koutsolioutsos (CEO)
Dimitris Koutsolioutsos (Chairman)
Products Jewelry
Services Duty-free shops
sporting goods
apparel retail and distribution
Revenue Increase998.1 million (2014)[1]
Increase€202.4 million (2014)[1]
Profit Increase€145.4 million (2014)[1]
Total assets Increase €1.969 billion (2014)[1]
Total equity Increase €1.360 billion (2014)[1]
Owner Koutsolioutsos Family (34.81%)
Fosun International (13.89%)
Number of employees
5,900 (end 2014)[2]
Website follifolliegroup.com

Folli Follie is a Greek-based international company which designs, manufactures and distributes jewellery, watches and fashion accessories. Through its subsidiaries it also operates duty-free shops and sporting goods retail outlets.

History[edit]

The company was founded in 1986 in Greece by Dimitris Koutsolioutsos (Greek: Δημήτρης Κουτσολιούτσος). The first shop was in the commercial district of Athens. Folli Follie started by manufacturing jewellery and in 1994 launched their watch line. In 1995 the first overseas store opened, in Japan. It is now ranked amongst the top 10 brands in luxury goods in Japan with 80 points of sale. Folli Follie fully acquired its affiliate in Japan in 2008.[3]

In 1997, Folli Follie was listed in the Athens Stock Exchange. Capital was used to fund growth and geographic expansion. Folli Follie is currently active in 25 countries, including the UK (London; Bond Street, New Bond Street) Cardiff & Glasgow; (St Enoch Centre), Switzerland (Geneva), Japan (Tokyo; Ginza area), France (Paris), the US (New York; Madison Avenue), China (more than 120 shops) and Russia (Moscow; Red Square); it has over 380 points of sale.[4]

Folli Follie employs more than 5,900 people.[when?][citation needed]

Design[edit]

The company's design team consists of Italian, Swiss and Greek top designers who work together to present two collections per year: Autumn/Winter and Spring/Summer. The collection's highlight is the "Premium K" collection which includes limited edition jewellery and accessories pieces. Folli Follie 's philosophy is to offer a "full fashion concept" of branded, modern jewellery, watches and accessories at affordable prices. The company also offers a men's watch collection under the brand name Folli Follie (previously Triton).

Acquisitions[edit]

Hellenic acquired the British jewellery company Links of London in 2006, with an enterprise value of ₤45 million.[5]

Distribution[edit]

The Folli Follie Group has a strong presence in the Greek travel retail market in through the Hellenic Duty Free Shops. It has several points of sale in duty-free shops in airports around the world as well as in-flight in major international airlines. The group represents other brands in Greece and abroad, such as Coach, Converse, Patrizia Pepe, Helly Hansen and Harley Davidson. The company also controls "Elmec Sport", "Factory Outlet" retail chains and a large department store in central Athens, "Attica".

Stores[edit]

The Folli Follie stores as of 14/11/2015 were:

Africa

Americas

Europe

Asia

References[edit]

  1. ^ a b c d e "Annual Results 2013" (PDF). Folli Follie Group. Retrieved 1 April 2014. 
  2. ^ "Annual Results 2010" (PDF). Folli Follie Group. Retrieved 16 July 2011. 
  3. ^ "Folli Follie buys out Japanese unit for 12.7 mln eur". Thomson Financial. Forbes NY. 2008-01-29. Retrieved 2008-02-26. 
  4. ^ http://www.follifollie.us.com/WHO_WE_ARE/10_11.html
  5. ^ Moodie, Martin. "Hellenic acquires Links of London". The Moodie Report. Retrieved 2006-07-27. 

External links[edit]