Development
The Royal Canadian Pancake Houses were owned by Royal Canadian Foods Corp, a Delaware corporation. The first outlet opened up in Tribeca in New York City in 1989. It was followed by the opening of a second location in Midtown Manhattan. In November 1993, the founders, Sheldon Golumbia and Beatrice Puja, took it public with a micro public offering of 250, 000 shares of common stock at a sale price of $5.00/share. Subsequently, two more locations were opened up in NYC, in the Upper West Side and in Gramercy. In Miami Beach, Florida, Royal Canadian Foods also opened a Royal Canadian Pancake House and a Womlette House, featuring “womlettes” (an omelet with a waffle base).
In the fall of 1998, Royal Canadian Foods closed up all their outlets.
Read more about this topic: The Royal Canadian Pancake Houses
Famous quotes containing the word development:
“Creativity seems to emerge from multiple experiences, coupled with a well-supported development of personal resources, including a sense of freedom to venture beyond the known.”
—Loris Malaguzzi (20th century)
“Every new development for the last three centuries has brought men closer to a state of affairs in which absolutely nothing would be recognized in the whole world as possessing a claim to obedience except the authority of the State. The majority of people in Europe obey nothing else.”
—Simone Weil (1909–1943)
“... work is only part of a man’s life; play, family, church, individual and group contacts, educational opportunities, the intelligent exercise of citizenship, all play a part in a well-rounded life. Workers are men and women with potentialities for mental and spiritual development as well as for physical health. We are paying the price today of having too long sidestepped all that this means to the mental, moral, and spiritual health of our nation.”
—Mary Barnett Gilson (1877–?)