Two Folli Follie Bondholders File Bankruptcy Application

Two Folli Follie bondholders, holding 0.87% of the company’s total loan obligations, filed a bankruptcy application on Oct. 3 in Athens, according to Athens stock exchange filing.

• Hearing of application set for October 16, 2019
• Also asked for the prohibition of the disposal of any asset of the company, along with a request to issue provisional order
• These bondholders “do not express the greater portion of bondholders, with whom the company is in negotiations for the finalization and signature of a restructuring agreement,” many of whom have opposed said action in writing, Folli Follie says
• “The company considers that the ...