Theodoros Fessas, the former president of the Hellenic Confederation of Commerce and Entrepreneurship (SEV), has made a notable move in the stock market by acquiring a 5.05% stake in Fourlis through his investment company, Quest Holdings. This stake, valued at over €11 million based on current prices in Athens, showcases Fessas' ability to identify value in companies at opportune moments. Notably, the exact cost of this acquisition remains undisclosed, raising questions about the strategic nature of his investment.

Market analysts interpret Fessas' investment as a vote of confidence in the future of Fourlis, a company undergoing significant transformation in recent months aimed at revitalizing its operations. This restructuring effort indicates that Fourlis is actively seeking ways to recover and leverage new opportunities, and Fessas' involvement is seen as a potential catalyst for this rejuvenation. As he is known for his business acumen, this acquisition could instill greater investor confidence in Fourlis' turnaround strategy.

While it is currently expected that Fessas will not increase his shareholding in the near future, the possibility of him making further investments cannot be entirely ruled out. This development not only highlights Fessas' strategic investment approach but also underscores the importance of key investments in driving corporate recoveries and instilling confidence among stakeholders in the Greek business landscape.