Folli Follie tightens grip on Hellenic

1-Aug-2006

GREECE. Greek jeweller Folli Follie has increased its stake in national travel retailer Hellenic Duty Free Shops to 52.28%

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The company acquired an additional 1.54m shares late last month, raising the value of its total holding in Hellenic to about €18.5m ($23.4m).

Hellenic Duty Free Shops was privatised in

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(18-Jul-2006) - The Greek jewellery company now controls over half the stock in formerly state-owned Hellenic Duty Free Shops
(1-Feb-2003) -
(23-Oct-2003) - By Jonathan BrownJewellery supplier Folli Follie has signalled its international ambitions for Hellenic Duty Free Shops after completing the acquisition of a further 20% stake in the Greek duty-free operator.