Fais Group: A Breath Before Entering the Athens Stock Exchange

The countdown for Sam Fais’s return to the Athens Stock Exchange (ASE) with a new offering has begun. Specifically, on March 26th, the approval for the introduction of Fais Group shares into the ASE is expected. The group boasts a strong economic footprint in retail and sales reaching €200 million. It’s worth noting that the application for approval was already submitted to the Stock Exchange and the Capital Market Committee late last year. Following his disinvestment from Elmec Sport over 15 years ago, Fais is returning to the Greek stock market to raise new capital—between €50 to €70 million—for expanding major company networks in clothing, footwear, and cosmetics. To enhance share liquidity, the Group will make available a significant percentage of its shares, close to 30%, to both individual and institutional investors. In the business growth plan of the Group for the coming years, there is an expansion strategy for shoe chains such as Kalogerou and Haralas into new markets like Greece. Future plans also include extending the Kiko Milano cosmetics chain into Romania, Czechia, and Slovakia, along with developing Levi’s, Puma, and Under Armour networks. For 2024, the Group’s turnover is estimated at €200 million, with EBITDA reaching €40 million on a consolidated basis. The Fais Group has been active in the retail sector for over 45 years, representing international brands in the Greek market and expanding globally. Overall, it manages 30 brands, operates in 5 countries, and has 85 full-price stores and 12 outlet stores. Since 2017, its core activities have included not only athletic wear distribution but also premium lifestyle fashion and cosmetic products, alongside commercial real estate development. Additionally, the Group has expanded into other sectors, such as yacht and motorcycle distribution. In retail, the Group operates flagship stores and corner shops in all major department stores, outlets, and online stores across Greece, Cyprus, Bulgaria, Romania, and more recently, Czechia and Slovakia.