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.
Read more about this topic: Leonidas (chocolate Maker)
Famous quotes containing the words family and/or ownership:
“Children need money. As they grow older they need more money. They need money for essentially the same reasons that adults need money. They need to buy stuff....They need it regardless of whether they get good grades, violate a family rule, or offend a parent.”
—Donald C. Medeiros (20th century)
“They had their fortunes to make, everything to gain and nothing to lose. They were schooled in and anxious for debates; forcible in argument; reckless and brilliant. For them it was but a short and natural step from swaying juries in courtroom battles over the ownership of land to swaying constituents in contests for office. For the lawyer, oratory was the escalator that could lift a political candidate to higher ground.”
—Federal Writers’ Project Of The Wor, U.S. public relief program (1935-1943)