Folli Follie Group announces that the bankruptcy application filed by two bondholders of the company and heard on 8 January 2020, was rejected by the Multi-Member Court of Athens.
The Court said that the substantial legal conditions for the declaration of bankruptcy do not exist and the company is viable.
Meanwhile, more accurate conclusions on Folli Follie’s viability are expected with the release of the 2018 financial statements at the end of June, as well as those for the 2019 financial year in July.
Folli Follie has a presence in 31 countries with more than 600 points of sale, including shops in the most fashionable streets of the world’s major cosmopolitan cities.
In Greece, the company has more than 35 points of sale.