This Code of Corporate Governance adopts the optimum practices of corporate governance undertaken by the Company both on its own initiative and according to legislation (Law 2190/1920, Law 2778/1999, Law 3016/2002, Law 3693/2008, Law 3884/2010). Following
a) the Principles of OECD Corporate Governance as published in 2004,
b) the  Greek Code of Corporate Governance relating to the listed companies of the Hellenic Federation of Enterprises (“SEV”) as of January 2011, and
c) the generally accepted corporate governance principles applicable to Member States of the European Union were taken into account. This Code aims to:
i. Adopt optimum corporate governance practices to be implemented by the company,
ii. Improve information sharing with both private and institutional shareholders,
iii. Oblige the Company to effectively comply with the requirements of the new Law 3873/2010, which incorporated in the Greek legal framework the European Parliament Directive 2006/46/EC.
This code will be the reference framework on which the statement of corporate governance will be based, which, according to law 3873/2010, consists a separate section of the Annual management report of the Board of Directors and, more specifically, the corporate governance statement should include a reference to this corporate governance code implemented by the Company. TELIK0 JAN2011.pdf

Modern Slavery Act Statement for Financial Year 1.1.2016 - 31.12.2016


This statement is made in accordance with section 54(1) of the UK Modern Slavery Act 2015 and sets out the steps that Folli Follie Commercial Manufacturing and Technical Société Anonyme and its Group of Companies (“FF Group”) has taken and is continuing to take to prevent modern slavery or human trafficking from taking place within its business and supply chains.

FF Group recognizes the importance of combating slavery, servitude, forced labour and human trafficking (“Modern Slavery”), a growing issue that affects communities and individuals across the globe. FF Group has a zero tolerance approach to all forms of Modern Slavery within our operations and supply chain and we are aware that no sector can be considered immune.

We are committed to acting with integrity and transparency in this sensitive matter and we are conscious of our responsibility be alert to any risks within our business and to our wider supply chain.


Our Business

FF Group operates in 30 countries and has established a strong presence counting more than 980 points of sale worldwide and employing almost 5,000 people. FF Group’s activity stretches in various sectors of the jewellery and fashion industry.

  • FF Group designs, produces and markets on a global level its two own brands: Folli Follie and award winning British jewellery Links of London.
  • At the same time, FF Group maintains a leading presence in the department stores field in Greece and Cyprus.
  • Moreover, FF Group has been trusted with the distribution of brands such as Ermenegildo Zegna, Juicy Couture, UGG Australia, Ted Baker, Scotch & Soda, Guess, Nike, Converse, G-Star Raw, Franklin & Marshall, Samsonite and Technogym.
  • Finally, as regards the Beauty & Cosmetics sector, FF Group distributes the globally acclaimed brands of Procter & Gamble Prestige, Shiseido and Max Factor.
FF Group has an annual turnover 1.34 EUR billion.

Our Suppliers

Due to the diverse nature of our business, our supply chain for the various different business sectors listed above includes both our own production units (as regards the jewellery and watches industry), as well as hundreds of third-party product suppliers and service providers globally that vary both in terms of size and amount spent with them.


Our Policies

Our strong opposition to Modern Slavery and our commitment to acting ethically and with integrity in all our business dealings is reflected to our global policies that aim to eliminate, as far as possible, the risk of Modern Slavery in any part of our business or our supply chains.

Everyone working for or on behalf of FF Group, including directors, officers, employees, consultants, agents, suppliers and contractors must adhere to our Group’s ethical business policies. One of the cornerstones of such policies is the protection of workers from being abused and exploited, either within FF Group itself or within its global supply chains.

Our employees and officers have the right and obligation to report potential violations, which include circumstances that may give rise to an enhanced risk of Modern Slavery incidents or practices, by contacting the representatives in the Human Resources or Legal Department of the appropriate entity within our Group. These reports can be made either in person or by phone or e-mail, including anonymously.


Due Diligence

We understand that our biggest exposure to Modern Slavery is in our product supply chains, where we are actively taking initiatives to identify and mitigate the relevant risks. In this context, new suppliers and factories are subject to due diligence checks in various forms, including on-site inspections. Our existing suppliers and factories and also being regularly reviewed.

We are also implementing policies to:

§     Identify and assess potential risk areas in our supply chains.

§  Mitigate the risk of Modern Slavery in our supply chains, through the aforementioned due diligence process, as well as our contracts which will, going forward, give us the ability to monitor our supply chains and potential risk areas.


Focused training shall be provided to appropriate recipients, including procurement, finance and legal teams, so that they understand the signs of Modern Slavery and what to do if they suspect that it is taking place within our supply chain.


Assessment of Effectiveness

No reports have been received from employees, the public or law enforcement agencies to indicate that Modern Slavery practices have been identified within our business.

Nevertheless, we are aware that Modern Slavery risk is a growing and evolving issue. We will therefore continue to work on our approach to mitigating this risk in the year ahead. In order to assess the effectiveness of the measures taken, we will be reviewing the following key performance indicators:

§  staff training levels;

§  actions taken to strengthen supply chain auditing and verification; and

§  steps taken to upskill any high-risk suppliers and assessing their ability to detect and mitigate Modern Slavery risk in supply chains.


Approval for this statement

This statement was approved by the Board of Directors on April 7th, 2017.

George Koutsolioutsos

CEO, Folli Follie Commercial Manufacturing and Technical Société Anonyme

April 2017

*Read the Modern Slavery Act here