Fox Marble Holdings (LON: FOX) CEO Chris Gilbert joins DirectorsTalk to discuss the €195m international arbitration claim against the Republic of Kosovo. Chris explains how the action came about, the basis of the claim and its value, other claims in Kosovo with outcomes and time-frames, puts the record straight on operations and tells us his thoughts on how the money might be spent given a successful outcome.
Fox Marble is a marble production, processing and distribution company in Kosovo and the Balkans region.
Its marble products, which includes Illirico Bianco, Illirico Selene, Grigio Argento and are gaining sales globally both to international wholesale companies as well as being supplied directly into luxury residential properties. In the UK these include among others St George’s Homes and Capital and Counties Plc’s Lillie Square development. In Sydney, Australia Rosso Cait, Alexandrian White and Breccia Paradisea marble have been used in what is expected to be Australia’s most expensive residential property. These sales serve to demonstrate the desirability of Fox’s premium marble products as the stone of choice in some of the most prestigious and expensive residential developments around the world.