Building on the success of the Alemagou beach bar in Ftelia, Mykonos, the Koutoumanos family has established a new corporate structure with the characteristics of a holding company.
KOUTOU BROS S.A. is launching with a share capital of 5.26 million euros. Of the total amount, only €20,269 is paid in cash, while the overwhelming majority—over €5.23 million—consists of contributions in kind, specifically shares in ALEMAGOU Restaurants IKE, the family’s core business.
In other words, KOUTOU BROS is not starting from scratch, but is “built” on top of a profitable business. In 2024 (the most recent published balance sheet), the beach bar recorded sales of €14.4 million, compared to €14.9 million in 2023, while net profits stood at €3.65 million, down from €3.88 million in 2023.
Regarding the ownership structure of KOUTOU BROS, Andreas Koutoumanos controls 60.78% of the company, while Georgios Koutoumanos and Stamatis Koutoumanos each hold 19.61%. The same balance is reflected in the management, with Andreas Koutoumanos serving as chairman of the board of directors, Georgios Koutoumanos as CEO, and Stamatis Koutoumanos as vice chairman.
The new company’s range of activities spans from holding and investment services to tourist accommodations, short-term rentals, dining, beach concepts, entertainment venues, and event planning, among others.