Francoudi & Stephanou was 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-1990's 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.