The well-established group, which has been active for over 45 years in the retail and wholesale sectors of sportswear, footwear, and accessories, has dominated the Greek market and expanded internationally as a highly diversified conglomerate. The group has also branched out into other sectors, such as boat and motorcycle distribution, where it continues to achieve exceptional success.
The group submitted its Prospectus just before the end of 2024, and is now one step closer to its listing on the Athens Stock Exchange.
According to a recent announcement, following a meeting of the Listing and Market Operations Committee, the Athens Stock Exchange has confirmed the preliminary fulfillment of the requirements for listing the shares of "FAIS SYMMETOCHON S.A." (ISIN: GRS542003009) on the Main Market of the Athens Stock Exchange, contingent on achieving sufficient share distribution in line with the Exchange’s regulations.
The shares will be made available to a broad range of investors, including both individuals and institutions, with the company aiming to offer a relatively large percentage to enhance liquidity.
The Group operates across all distribution channels, focusing on strong partnerships with key wholesalers and long-term relationships, bringing innovative and well-known brands to consumers. In retail, the Group runs flagship stores as well as corner shops in major department stores, outlets, and e-commerce platforms across Greece, Cyprus, Bulgaria, Romania, and more recently, the Czech Republic and Slovakia.
In 2020, the Group expanded into the cosmetics and beauty sector with the KIKO MILANO brand, Italy’s leading makeup brand. KIKO is now one of the most popular brands in Greece, with 35 physical stores across Greece, Cyprus, Bulgaria, and Romania.
Real Estate Presence
In recent years, the Fais Group has been actively involved in real estate, acquiring the Modiano Market from TAIPED in 2017, and overseeing its complete reconstruction and renovation. Additionally, the Group owns Greece's first next-generation Premium Outlet Mall (One Salonica Outlet Mall). Until recently, it also held a 50% stake in the property housing the Allatini Mills, which was sold for €3.3 million.
For 2024, the Group estimates a revenue of €200 million, with an EBITDA of approximately €40 million on a consolidated basis.
