ECONOMY

The process for…

The process for the absorption of Folli-Follie jewelry company and Elmec Sport department stores firm by Hellenic Duty Free Shops (HDFS) is now fully unfolding, with the first major merger of 2010 to be completed by December. HDFS will remain the Koutsolioutsos group’s sole stock in the Athens Stock Exchange. The decision, made earlier this year, will contain expenses and rationalize investment. Over 10 billion euros will be invested in creating new outlets and renovating already existing ones.