Folli Follie S.A. announces today that it has received a retail license for the Chinese market, being one of the first international brands receiving such license from the Chinese authorities. It is important to mention, that the company will be allowed to convert Renminbi profits into EURΟ for remittance to the parent company outside China. George Koutsolioutsos, Vice-President of Folli Follie S.A. said, We are very excited to be one of the first international brands obtaining a retail licence in China. This important and crucial development is a key element in Folli Follie''s strategy to expand its presence in one of the most dynamic economically areas worldwide. After a presence of only three years in China we have experienced excellent growth and see an enormous potential for the future. Till present we are active in 26 cities having established 62 Point of Sales and employing 350 people, we also maintain 2 offices in Shanghai and Beijing. We are more optimistic than ever about our future business prospects in China.