The course steps of the Korakis Company are originally identified with the course of life of Panagiotis Korakis, the founder of the company.

Panagiotis Korakis, a Chian sugar and crust products importer and trader, decided around 1935 to expand his enterprise in the field of sweet preserves.

There was plentiful raw material, not only the Chian orchards with the well-known citrus fruits but also the sugar and crust that he himself traded. The first shop was set up near the Vounaki sq., in the area that the Homerion Cultural Center of Chios is now located. Initially Panagiotis Korakis offered baklavas, kataifi and his famous quince mash mellow.