Family Ownership
In 1922, the rest of Leonidas’ family moved to Ghent partially due to political events in Greece. Among them was Leonidas’ 19-year-old nephew, Basilio, who inherited his uncle’s trade after they developed a father-son relationship. Basilio was known for being business savvy. Leonidas died in 1948 and left the business to him. Basilio died on April 2, 1970, and his brothers and sisters become heirs to the Belgian chocolate company. It was also listed on stock exchange in 1970 although family still played a role in its administration. Jean Kesdekoglu-Kestekides administered the business from 1970 to 1985 and wanted to protect the difference between his company and those of Americans. In 1985, Maria Kesdekoglu-Kestekides takes over the company when her father dies. Her brother Dimitrios Kestekoglou and their German cousin Vassiliki Kestekidou join her in maintaining the business.
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