×
19 788
Fashion Jobs
CLINIQUE
Retail Beauty Sales Manager - Clinique - Northeast - Hurst, tx
Permanent · Hurst
AVEDA
Aveda Advisor - 8 Hrs - Cherry Creek - Denver,co
Permanent · Denver
NIKE
sr Director, Global Manufacturing - Air
Permanent · PORTLAND
NIKE
Director, ux Design
Permanent · Beaverton
TIFFANY & CO
CRM System Analyst
Permanent · Parsippany-Troy Hills
FOOT LOCKER
Overnight Operations Manager
Permanent · East Rutherford
LEVI'S
District Manager Retail Stores, San Francisco Bay Area
Permanent · Bakersfield
JBCSTYLE
Temporary Digital Creative Operations Manager
Permanent · NEW YORK
JBCSTYLE
Temp Payroll Analyst
Permanent · EL SEGUNDO
JBCSTYLE
Temp Accounts Payable Coordinator
Permanent · EL SEGUNDO
NIKE
Quality Manager
Permanent · Memphis
ESTÉE LAUDER COMPANIES
Part Time Keyholder - Ccs The Outlet Shoppes at Atlanta - 24 Hrs - Woodstock, ga
Permanent · Woodstock
ESTÉE LAUDER COMPANIES
Vice President, Corporate Innovation And Product Development
Permanent · New York
NIKE
General Manager, Partner Management, Americas
Permanent · Beaverton
AVEDA
Aveda Advisor -12 Hrs - Aveda Experience Center Keystone -Indianapolis,in
Permanent · Indianapolis
AVEDA
Part Time Advisor - Aveda Brea Mall - 20 Hrs - Brea,ca
Permanent · Brea
NIKE
Product Line Manager - Tennis Apparel
Permanent · Beaverton
NIKE
Principal Business Architect - Data & Analytics
Permanent · Beaverton
NIKE
Americas Payroll Tax & Accounting Manager
Permanent · Beaverton
AVEDA
Part Time Advisor - Aveda Cherry Hill - 12 Hrs - Cherry Hill, nj
Permanent · Cherry Hill
AVEDA
Aveda Advisor - 10 Hrs - Woodland Hills Mall - Tulsa, ok
Permanent · Tulsa
NIKE
Change Management Director, Global Human Resources
Permanent · Beaverton

Troubled Greek jeweller Folli Follie seeks protection from creditors

By
Reuters API
Published
Nov 16, 2018
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

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.

Reuters


"The application for the granting of protective measures was submitted in order to secure the time frame needed to finalise the terms of the company's restructuring plan," it said.

"This interim protection is of great importance both for the company and for all the financial stakeholders, as it will provide the company with a stable platform and sufficient time for the finalization of its restructuring."

Securing interim protection would mitigate the risk of a large number of job losses in Greece and abroad, Follie said, adding it had "strong support of over 50 percent of its unsecured creditors."

It said management was in the process of producing a revised business plan together with Deloitte for the total restructuring of its operations.

Follie plunged into trouble when hedge fund Quintessential Capital Management said in a May report that it had overstated the number of its outlets. It also questioned its accounting practices in Asia where the company had expanded rapidly.

That report sent Follie shares down sharply, led to a fine from the Greek securities commission and an investigation and the resignation of its founders, Dimitris Koutsolioutsos and Ekaterini Koutsolioutsou, in September, after a preliminary audit revealed wide discrepancies in 2017 financial statements.

Its shares have been suspended since May.

© Thomson Reuters 2020 All rights reserved.