Current
In 2005, after leading the company for 20 years, Dave Stamm turned operations over to Whitefish Bay businessman Philip Anderson, who had previously built a national rubber seal distributorship before taking on the task of managing George Webb Restaurants. George Webb celebrated its 60th birthday in 2008, though struggling to make this milestone. The company was in danger of going bankrupt in the middle of 2008. In an effort to get George Webb Restaurants out of the financial crisis, Anderson, who had lent money for the 2005 purchase of the company, pushed out owner Jayne Aliota and took over day-to-day operations. As of 2008, Webb had 40 locations including nine owned by the company.
Later, the ownership of George Webb passed to M&I Bank, which held a loan that financed the business. In mid 2010, Philip Anderson bought Webb's assets from M&I. Webb required franchise operators to sign new agreements to get the franchises in a more typical franchise agreement with standardized menus. In August 2011, six former George Webb restaurants left the chain becoming "Griddlers Cafe".
Read more about this topic: George Webb Restaurants
Famous quotes containing the word current:
“This is no argument against teaching manners to the young. On the contrary, it is a fine old tradition that ought to be resurrected from its current mothballs and put to work...In fact, children are much more comfortable when they know the guide rules for handling the social amenities. It’s no more fun for a child to be introduced to a strange adult and have no idea what to say or do than it is for a grownup to go to a formal dinner and have no idea what fork to use.”
—Leontine Young (20th century)
“You are the current of the frozen stream,
Shadow invisible, ambushed and vigilant flame.”
—Allen Tate (1899–1979)
“I perceived that to express those impressions, to write that essential book, which is the only true one, a great writer does not, in the current meaning of the word, invent it, but, since it exists already in each one of us, interprets it. The duty and the task of a writer are those of an interpreter.”
—Marcel Proust (1871–1922)