Hidden Greek Gems Billionaire Emerges With Folli Follie

Dimitrios Koutsolioutsos, the founder and chairman of Folli Follie SA, has become a billionaire as the Athens-based maker of jewelry, handbags and fashion accessories increased almost 10-fold in the last two years.

Folli Follie, which owns jeweler Links of London as well as its namesake retail chain, weathered Greece’s economic turmoil selling mid-priced items such as $60 Match & Dazzle Bracelets and $135 K Chic Handbags, and partnering with Shanghai-based Fosun International Ltd. and Basel, Switzerland-based Dufry AG.