The new board of the Greece-based accessory maker Folli Follie (FF) issued a press release this week warning of “serious repercussions” in the troubled company’s rescue due to a postponement of a trial where the defendants are FF’s founder and former top executives.
Among others, FF founder Dimitris Koutsolioutsos, and his son and successor as CEO, Tzortzis Koutsolioutsos, and several former executives are charged with felony breach of faith and embezzlement-related counts.
In a statement, the board members appointed by a receivership court said they do not want to enter into the substance of the trial, nor comment on the reasoning behind the postponement.
“(However), it (the board of directors) must point out the serious repercussions that a delay in the completion of the trail will have for the rescue of the company, which is the primary mission of the board. It’s reminded that the rescue of the company, as decided by relevant courts, is in the interest of the national economy, given that it detaches the company from the accused shareholders, and allow for its (company) survival…” the statement read.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
French Fund Meridiam Shows Growing Interest in Great Sea Interconnector
According to OT, the fund engaged in recent discussions regarding the Great Sea Interconnector with Greece’s Minister of Environment and Energy and the CEO of Greece’s Independent Power Transmission Operator (IPTO/ADMIE)
Everything to Know about Store Hours this Holiday Season
Stores and supermarkets across the country are operating extended hours, offering ample opportunities for holiday shopping
Greece Prepares for State Budget Vote as Debate Reaches Final Stages
Prime Minister Kyriakos Mitsotakis is expected to deliver his remarks late in the evening, shortly before the decisive vote that will conclude the session
DM Dendias: We talk With Turkey But We Always Bring Up Their Unacceptable Positions
Second and last day of closely watched conference, entitled 'Metapolitefsi 1974-2024: 50 Years of Greek Foreign Policy', also included appearances by PM Mitsotakis, Ex-PM Tsipras and PASOK leader Nikos Androulakis, among others
Rhodes Airport Tops Fraport Greece’s Regional Airports in 2024 Performance
According to Fraport's data, more than 35 million passengers (specifically 35.2 million) were handled by Fraport-managed airports during the 11 months.
European Central Bank Cuts Interest Rates by 25 Basis Points
It is the fourth cut of interest rates by Europe’s central bank, a move expected by the markets and financial analysts leading to the rate settling at 3%.
Airbnb: New Measures Add €600 in Extra Costs for Property Owners
Property managers face an immediate administrative fine of 5,000 euros if access to the inspected property is denied or any of the specified requirements are not met.
Economist: Greece Included in the Best Performing Economies in 2024
Meanwhile, Northern European countries disappoint, with sluggish performances from the United Kingdom and Germany.
EasyJet Expands Its Routes from Athens
The airline’s two new routes will be to London Luton and Alicante and they will commence in summer 2025.
Capital Link Forum Highlights Greece’s Economic Resurgence; Honors BoG Gov Stournaras
Capital Link Hellenic Leadership Award recipient, Bank of Greece Gov. Yannis Stournaras, an ex-FinMin, was lauded for his pivotal role during Greece’s economic recovery
![Φυσικό αέριο: Δυναμικό come back του LNG στην Ελλάδα [γραφήματα]](https://www.ot.gr/wp-content/uploads/2023/01/OT_naturalgas-90x90.jpeg)
![Fraport: Πάνω από 35 εκατ. επιβάτες στα αεροδρόμια το 11μηνο – Πτώση στη Μύκονο [πίνακας]](https://www.ot.gr/wp-content/uploads/2022/06/fraport-90x90.jpg)
