Skip to content
Subscriber Only

Folli Follie Says Asia Sales Grew Even as China Branches Shrink

  • Some points of sale reported by co. don’t sell its products
  • Updated company list of POS also includes non-existent stores

Folli Follie’s network of stores in its key Chinese market shrank by more than half last year even as its sales in Asia increased, according to the latest figures published by its parent company FF Group this week.

The main brand of the Greek retailer reported 113 points of sale in mainland China in a document published on Monday and reviewed by Bloomberg News, against a network of over 240 points of sale declared in its 2016 annual report. On Thursday, the company said that its Asia-Pacific revenue rose to 928 million euros ($1.1 billion) in 2017, which corresponds to 65 percent of the total sales for the entire company.