Chinese part­ner for Folli Fol­lie

Kathimerini English - - Business & Finance -

Athens-listed re­tail group Folli Fol­lie is con­sol­i­dat­ing its pres­ence in China by sign­ing a co­op­er­a­tion agree­ment with the Fo­sun Group, the two com­pa­nies told a joint press con­fer­ence in Athens yes­ter­day.

Their strate­gic al­liance will grant hold­ing com­pany Fo­sun a strong pres­ence in Greece, while promis­ing to turn China into one of the largest mar­kets for Folli Fol­lie and its brand Links of Lon­don, mak­ing it one of the lead­ing fash­ion and ac­ces­sories groups in the Asian coun­try. Fo­sun will ac­quire a 9.5 per­cent stake in Folli Fol­lie Group.

“Our al­liance with Fo­sun Group comes as a ver­i­fi­ca­tion of our ex­cel­lent busi­ness and com­mer­cial re­la­tions with China,” said Ge­orge Kout­so­liout­sos, chief ex­ec­u­tive of­fi­cer of the Folli Fol­lie Group.

”Nowa­days Folli Fol­lie and Links of Lon­don have more than 100 stores in China, a mar­ket that is dy­nam­i­cally in­cor­po­rated in the group’s strat­egy for busi­ness de­vel­op­ment,” he added.

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