Greece'S Fashion Jewellery Brand Folli Follie 2018 Is Selling 190 Million Euros In Fiscal Year.

Greek fashion jewelry company Folli Follie (Ve Liv Ali) recently released 2018 fiscal year performance data, sales of 190 million euros, compared with the 165 million euros in 2017 has increased.

With the recent opening of new stores, the company's sales are expected to grow by 15-20% this year.

Through cooperation with retailer G&B, Folli Follie has opened a new One-Off (flash) men's and women's concept store in Brescia, Italy, covering 400 and 800 square meters respectively.

"Our first store in Brescia was born in 1976.

After years of market changes, we have set new goals, including re examining store planning, and considering cooperation with our biggest competitor in the region, Gianni Peroni, "Folli Follie CEO Francesco Galli said.

He said: "I believe that through mutual cooperation, exchanging experiences, ideas and needs to update our multi brand structure, this represents a very new concept.

Based on Brescia, both of us have room for rethinking.

Compared with the past, the two One-Off boutique shops undoubtedly represent a breakthrough.

In addition to the two new stores, FolliFollie has previously set up boutiques in Bologna, Mantova, Verona and Riccione to sell men's and women's series (accounting for 30% and 70% respectively).

In addition to physical stores, the company also layout electricity supplier channels.

Folli Follie launched its online portal TheDoubleF in 2017, accounting for 8% of its total sales. Its goal is to increase this proportion to 20%.

In February this year, the FolliFollie board, which was deeply trapped in the financial turmoil, passed the latest version of the company reorganization proposed by a group of creditors.