Folli Follie Seeks Buyer for Links of London

RAPAPORT... Greek jeweler Folli Follie has confirmed reports it'sconsidering options for offloading its Links of London jewelry business. The ailing company, which purchased the UK-based chain ofjewelry stores in 2006, has appointed financial advisory company Deloitte andSavigny to weigh its options for the sale. Folli has been in troublefinancially since the results of an audit showed it had overstated its 2017revenue by more than EUR 1 billion ($1.11 billion). Since then, Links of London has been pursuing a turnaroundplan for the business that included closing its US-based retail outlets. Follimaintains it continues to support that plan. Image: A Links of London store. (Shutterstock)