"Nothing is predetermined, nor should the children of the owners neccessarily follow in their parents' footsteps. Only capable people should enter the business," Stavros Caramondanis, CEO, Caramondani Bros Public Co Ltd, underlines, noting that "although we are a family business, we were until recently managed by others, who were directors in the various companies."
Speaking in the context of 'The New Gen Leaders stage' at INSPIRE 2025, Caramondanis stated that "you should choose a profession that you love, that is the key to success," going on to explain that "the same relationship I have with (his daughter) Milena, I have with my managers. A company cannot work if Stavros Caramondanis goes in to work at 10. I speak to and respect my colleagues in the same way I do with my children. I am not strict, I am demanding. I have a very good relationship with all the staff, an intimacy that I believe helps the other person to perform."
"Because the sign says 'Caramondanis' and we have to be standard-bearers, my children have to earn the love and trust of their colleagues. As my father taught me: 'Once you earn it, it's over, then they are loyal,'" he added.
"We have been the Caramondanis Group for 75 years. We expect the restaurants we have opened to grow. The challenge for family businesses is to be successful and have continuity," is the message that Stavros Caramonanis concluded with.
Milena Caramondani: Expansion with a second restaurant in Nicosia
On her part, Milena Caramondani, the General Manager of Margherita Artigianale Cyprus, described her own communication and collaboration with her father as impeccable.
"I did a Master's degree to enter the company on my own merits. Then we wanted to bring the focus to the Ayia Napa Marina and, because we are a bit 'pro Italians', we decided that I would go to study and that we would invest. I am doing something I like and my father is the investor," she noted.
Then, speaking about her business plans, she said that after the Ayia Napa Marina, "We are opening a second restaurant, in Nicosia. Ideally, if everything goes well, we could open a third and fourth. However, for us, the primary thing is consistency and quality. My vision is to create restaurants that are always perfect, every day and every hour, not quantity, but quality."
Partners & Sponsors
Strategic Partner: Cyta Business
Platinum Sponsor: Bank of Cyprus
Gold Sponsors: ECOMMBX, Zorbas Group, Cyfield
Silver Sponsors: PwC Cyprus, Petrolina, Bioland
Academic Sponsor: University of Nicosia
Stage Sponsors: National Bank of Greece (Cyprus), KPMG Cyprus, Odyssey, CyRIC/Gravity Ventures Incubator, Invest Cyprus
Panel Sponsors: HRDA, OPAP
Podcast Presenter: Payabl.
Sponsors: Hermes Airports, IMR, Libertex
Technology Partner: Kotsovolos
Community Partner: TechIsland, Junior Achievement Cyprus
Innovation Partner: Research & Innovation Foundation (IDEK)
Mobility Partner: Pilakoutas Group
Sustainable Transport Partner: Cyprus Public Transport
Sustainability Partner: Electricity Authority of Cyprus
Coffee Partner: Coffee Berry
Partner: Charalambides Christis
Supporters: ASBIS, CSR Cyprus, Capacitor Partners, HJS Insurance Agents, Mastercard, Robura, Superad, Kapodistrias, Photos Photiades Breweries & Epilogi, Voici La Mode Group of Companies, GrantXpert, Gap Vassilopoulos, Techbiz, Grow Sustainability Consulting, ASBIS, Murex, Drastyc, Bolt
With the support of: Cyprus Computer Society, CITEA, CPMA, Youth Board of Cyprus, OEB, Skills Cyprus, National Betting Authority
Media Sponsors: Alpha Cyprus, CBN, IN Business, Reporter, SuperFM
Organizer: IMH
Under the auspices of: Municipality of Nicosia
- INSPIRE 2025 – Where passion meets action, and action changes the world.
