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:
“Such condition of suspended judgment indeed, in its more genial development and under felicitous culture, is but the expectation, the receptivity, of the faithful scholar, determined not to foreclose what is still a question—the “philosophic temper,” in short, for which a survival of query will be still the salt of truth, even in the most absolutely ascertained knowledge.”
—Walter Pater (1839–1894)
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