Francoudi & Stephanou

Francoudi & Stephanou Ltd
Conglomerate
Industry Travel
Tourism
Logistics
Technology
Telecommunications
Founded Famagusta, Cyprus (April 1895 (1895-04))
Founder Agisilaos Francoudi
Headquarters Limassol, Cyprus
Area served
 Europe, Middle East
Key people
 Hermes Stephanou (Chairman)
Stephanos Stephanou (CEO)
Number of employees
 1000+
Subsidiaries PrimeTel PLC
Aeolos Travel
Website Francoudi & Stephanou

Francoudi & Stephanou is a Cypriot business conglomerate established in Famagusta in 1895, by Agisilaos Francoudi. At the turn of the century, the company he founded was the first agency to initiate containerization in Cyprus and continued to build its position in the shipping agency/container handling business.

By the 1930s, Francoudi & Stephanou was gradually stepping outside of shipping and into alcohol, trade and distribution imports. The trend towards diversification and expansion accelerated in 1960-70 with the construction of own hotels and acquisition of Aeolos, the pioneer in the Cyprus tourism business sector, and then again in the mid-1990s with the diversification into telecommunication activities through F&S Telecom and Financial Services through F&S Financial Services.

Nowadays, Francoudi & Stephanou is a diversified flexible and competitive Group of Companies with over 1500 full-time employees in Cyprus and abroad and involved in a broad spectrum of activities in the areas of Insurance, Travel & Tourism, Hotels, Telecommunications, Information & Technology, Developments, and Trade.

History

When Agisilaos Francoudi established his Shipping Agency in Famagusta in 1895, he could never have predicted the century of growth and innovation that was to follow. The company initially provided services in Shipping, Cargo Handling, Freight Forwarding, Customs Clearing and Insurance. At the turn of the century, the company he founded was the first agency to initiate containerization in Cyprus and continued to build its position in the shipping agency/container handling business.

By the 1930s, Francoudi & Stephanou was making its first forays outside of shipping into import of alcohol beverages, trade and distribution. The trend toward diversification accelerated in 1960-70, with the construction of their own hotels and the acquisition of Aeolos, the pioneer in the Cyprus tourism business sector, and then again in the mid-1990s with the diversification into telecommunication activities through F&S Telecom and Financial Services through F&S Financial Services.

Today, Francoudi & Stephanou is a diversified Group of Companies with over 1500 full-time employees in Cyprus and abroad and involved in a broad spectrum of activity in the areas of Shipping, Insurance, Travel & Tourism, Hotels, Telecommunications, Information & Technology, Developments, and Trade.

Scope of Operations

Francoudi & Stephanou acts as a holding company for a number of companies specializing in different areas. The major companies under the control and ownership of Francoudi & Stephanou are:

References


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