Folli Follie

The unisex jewellery company's latest move adds to the list of high-profile retailers running into trouble on Britain's high street.

Previous reports stating that the company misrepresented sales sent its shares into a tailspin, prompted a legal investigation, a series of fines and executive resignations.

The preliminary analysis said that 2017 Asian sales were about $117 million, compared with $1.1 billion declared in the company’s most recent financial report published in April.

LONDON, United Kingdom — As luxury stock valuations continue to roar ahead, even as the overall market has stalled, and luxury brands go to private