East Side Mario's
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East Side Mario's
East Side Mario's is a Canadian chain of casual dining restaurants, managed by its parent holding company Recipe Unlimited. The restaurant specializes in Italian-American cuisine. Individual locations aim to recreate the historic ambience found at the corner of Canal Street and Mulberry Street in Lower Manhattan. The brand is marketed as "A taste of little Italy". It is best recognized by its original logo featuring the Statue of Liberty holding a large tomato in place of a torch, as well as the jingle containing the catch phrase "Hey, budda boom budda bing". It has over 85 locations, all in Canada. History East Side Mario's was developed through the merger between several restaurant chains and began as a subsidiary of Yesac Creative Foods (later, Prime Restaurants). In February 1980, Sudbury, Ontario, entrepreneurs Nick Perpick, Ralph Roy and Gary Ceppetelli, opened the first Casey's restaurant. The restaurant's success prompted the opening of a second location in Elliot L ...
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Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal entities f ...
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Burlington, Ontario
Burlington is a city in the Regional Municipality of Halton at the northwestern end of Lake Ontario in Ontario, Canada. Along with Milton to the north, it forms the western end of the Greater Toronto Area and is also part of the Hamilton metropolitan census area. History Before the 19th century, the area between the provincial capital of York and the township of West Flamborough was home to the Mississauga nation. In 1792, John Graves Simcoe, the first lieutenant governor of Upper Canada, named the western end of Lake Ontario "Burlington Bay" after the town of Bridlington in the East Riding of Yorkshire, England. The British purchased the land on which Burlington now stands from the Mississaugas in Upper Canada Treaties 3 (1792), 8 (1797), 14 (1806), and 19 (1818). Treaty 8 concerned the purchase of the Brant Tract, on Burlington Bay which the British granted to Mohawk chief Joseph Brant for his service in the American Revolutionary War. Joseph Brant and his household se ...
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Cara Operations
Recipe Unlimited Corporation is a Canadian company that operates several restaurant chains such as Swiss Chalet, Harvey's and The Keg, and food distribution for large operations. The company was originated in 1883 as Canada Railway News Company that sold newspapers, magazines and confectioneries before moving to the restaurant business. The present company dates to 1961, as Canada Railway News Co. merged with Aero Caterers Limited, founded in 1941 as an airline catering service, to form Cara Operations Limited and the company went public in 1968. The company adopted its present name in May 2018 and its headquarters are in Vaughan, Ontario, a suburb north of Toronto within the Greater Toronto Area. History The company was originally chartered in 1883 as Canada Railway News Company, selling newspapers, magazines and confectionaries at railway stations. The company's roots go back to the mid-1850s, when Thomas Patrick Phelan was selling apples and newspapers to train passenge ...
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Fairfax Financial
Fairfax Financial Holdings Limited is a Canadian financial holding company based in Toronto, Ontario, which is engaged in property, casualty, insurance and reinsurance, investment management, and insurance claims management. The company operates primarily through several subsidiaries, including Allied World, Odyssey Re, Northbridge Financial, Crum & Forster, Verassure Insurance, Onlia Agency Inc., and Zenith Insurance Company. The company was also the largest shareholder of Torstar with 40% of the Class B shares, as of May 2020. Fairfax is led by chairman and CEO Prem Watsa, who controls nearly half of the firm. History Market Fairfax was incorporated as Markel Service of Canada on March 13, 1951, and continued under the Canada Business Corporations Act in 1976. The name was subsequently changed to Markel Financial Holdings Ltd. In 1984, Prem Watsa left GW Asset Management to found his own asset management firm, Hamblin Watsa Investment Counsel Ltd. together with his for ...
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Initial Public Offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges. Through this process, colloquially known as ''floating'', or ''going public'', a privately held company is transformed into a public company. Initial public offerings can be used to raise new equity capital for companies, to monetize the investments of private shareholders such as company founders or private equity investors, and to enable easy trading of existing holdings or future capital raising by becoming publicly traded. After the IPO, shares are traded freely in the open market at what is known as the free float. Stock exchanges stipulate a minimum free float both in absolute terms (the total value as determined by the share price multiplied by the ...
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Trademark
A trademark (also written trade mark or trade-mark) is a type of intellectual property consisting of a recognizable sign, design, or expression that identifies products or services from a particular source and distinguishes them from others. The trademark owner can be an individual, business organization, or any legal entity. A trademark may be located on a package, a label, a voucher, or on the product itself. Trademarks used to identify services are sometimes called service marks. The first legislative act concerning trademarks was passed in 1266 under the reign of Henry III of England, requiring all bakers to use a distinctive mark for the bread they sold. The first modern trademark laws emerged in the late 19th century. In France, the first comprehensive trademark system in the world was passed into law in 1857. The Trade Marks Act 1938 of the United Kingdom changed the system, permitting registration based on "intent-to-use", creating an examination based process, an ...
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Marie Callender's
Marie Callender's is an American restaurant chain. Its headquarters are in the Marie Callender's Corporate Support Center in Mission Viejo, Orange County, California. As of May 2022, the company has 25 restaurant locations in California, Nevada, and Utah. History First foundation In the 1930s, Marie Callender and her husband Cal Warren Callender began selling pies in the city of Long Beach and in Orange County, California, Orange County. In 1948, they sold their family car and used the money to set up a wholesale bakery with their son Don Callender, Don. The first official location was opened in 1964. Eventually, Don opened a retail outlet in Orange, California, naming it after his mother, gradually adding other food. Within five years the chain was expanded to 12 more locations and opened its first locations outside of California (Las Vegas and Houston) in 1969. It grew into 84 locations by the end of the 1970s. However, the Houston location closed down in 1981. In 1997, the comp ...
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Pizza Hut
Pizza Hut is an American multinational restaurant chain and international franchise founded in 1958 in Wichita, Kansas by Dan and Frank Carney. They serve their signature pan pizza and other dishes including pasta, breadsticks and dessert at dine-in, take-out and delivery chain locations. They also serve chicken wings on their WingStreet menu. The chain headquartered in Plano, Texas, operates 17,639 restaurants worldwide as of 2020, making it the world's largest pizza chain by number of locations. It is owned by Yum! Brands, Inc., one of the world's largest restaurant companies. History Pizza Hut began on May 31, 1958, by two brothers, Dan and Frank Carney, both Wichita State students, as a single location in Wichita, Kansas. The now famous little brick building was close to their childhood home and stomping grounds. The Carney brothers grew up in the College Hill neighborhood amongst many life long Wichita families where tree-lined streets were filled with historical home ...
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PepsiCo
PepsiCo, Inc. is an American multinational food, snack, and beverage corporation headquartered in Harrison, New York, in the hamlet of Purchase. PepsiCo's business encompasses all aspects of the food and beverage market. It oversees the manufacturing, distribution, and marketing of its products. PepsiCo was formed in 1965 with the merger of the Pepsi-Cola Company and Frito-Lay, Inc. PepsiCo has since expanded from its namesake product Pepsi Cola to an immensely diversified range of food and beverage brands. The largest and most recent acquisition was Pioneer Foods in 2020 for US$1.7 billion and prior to it was buying the Quaker Oats Company in 2001, which added the Gatorade brand to the Pepsi portfolio and Tropicana Products in 1998. As of January 2021, the company possesses 23 brands that have over US$1 billion in sales annually. PepsiCo has operations all around the world and its products were distributed across more than 200 countries, resulting in annual net revenues of ov ...
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Capital (economics)
In economics, capital goods or capital are "those durable produced goods that are in turn used as productive inputs for further production" of goods and services. At the macroeconomic level, "the nation's capital stock includes buildings, equipment, software, and inventories during a given year." A typical example is the machinery used in factories. Capital can be increased by the use of the factors of production, which however excludes certain durable goods like homes and personal automobiles that are not used in the production of saleable goods and services. Adam Smith defined capital as "that part of man's stock which he expects to afford him revenue". In economic models, capital is an input in the production function. The total physical capital at any given moment in time is referred to as the capital stock (not to be confused with the capital stock of a business entity). Capital goods, real capital, or capital assets are already-produced, durable goods or any non-fi ...
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Miami
Miami ( ), officially the City of Miami, known as "the 305", "The Magic City", and "Gateway to the Americas", is a East Coast of the United States, coastal metropolis and the County seat, county seat of Miami-Dade County, Florida, Miami-Dade County in South Florida, United States. With a population of 442,241 at the 2020 United States census, 2020 census, it is the List of municipalities in Florida, second-most populous city in Florida and the eleventh-most populous city in the Southeastern United States. The Miami metropolitan area is the ninth largest in the U.S. with a population of 6.138 million in 2020. The city has the List of tallest buildings in the United States#Cities with the most skyscrapers, third-largest skyline in the U.S. with over List of tallest buildings in Miami, 300 high-rises, 58 of which exceed . Miami is a major center and leader in finance, commerce, culture, arts, and international trade. Miami's metropolitan area is by far the largest urban econ ...
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Aventura Mall
Aventura Mall is a shopping mall located in Aventura, Florida. It is the 5th largest mall in the United States by total square feet of retail space and the largest mall in Florida. The anchor stores are Bloomingdale's, Nordstrom, 2 Macy's stores, and JCPenney. The center is highlighted by a mix of over 300 stores. Aventura Mall has more than 50 eateries and restaurants, including Treats Food Hall, and the experiential Arts Aventura Mall program. The Brightline Aventura Station, now under construction, will be located adjacent to Aventura Mall on West Dixie Highway and will include a new pedestrian bridge over Biscayne Boulevard, providing riders direct access to the mall. History In April 1983, the Oxford Development Company, led by partners Donald Soffer, Edward J. Lewis, Mark E. Mason, Eugene Lebowitz, and Ray Parello officially dedicated Aventura Mall. There would be four anchors in the original, , complex: Lord & Taylor, JCPenney (opened April 28, 1983), Sears (opened J ...
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