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So instead, in 1946, Foster opened a restaurant named after himself, Foster’s Old Fashion Freeze. [7] (The apostrophe was later dropped.) [8] In 1951, he sold the chain's 360 locations for $1 million. By 1987, it had been reduced to 189 locations. [9] A Fosters Freeze restaurant in Lompoc, California
The restaurant was grossing $90,000 monthly during its first year of operations. [5] By the end of 1978, Victoria Station had 97 restaurants, all company owned. [6] The chain was designed to attract members of the baby boom generation. The theme of the restaurant was loosely based on London's Victoria Station.
Voltaggio's goal with the restaurant was to create what he called "modern Los Angeles cuisine." [14] The restaurant seated 60 people in the dining room with a private room that could accommodate an additional 10 guests. [15] It was named "America's best new restaurant" by GQ Magazine in March 2012. [16]
California has seen a consistent and significant increase in its minimum wage over the past decade. In 2014, the state’s minimum wage was $9.00 an hour. Today, it’s set at $16 an hour, rising ...
In 1992, brothers George and Tom gave up their roles as president and chief executive to a non-family member, Robert Fox. The Foster brothers remained on the company's board. Sales began to expand once again and so did the company, purchasing Lynden Farms for approximately $8.2 million in 1994. By 1996 annual sales totaled around $900 million. [4]
SUNNYVALE, Calif., Oct. 10, 2024 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, today announced Vantage at The Station is now open for sale in Sunnyvale, California. Located in the heart of Silicon Valley near tech employers and the Caltrain Station, this amenity-rich community offers ...
Bickford's and its Southeast subsidiary M&M Cafeterias and West Coast subsidiary Foster's Cafeterias had trouble staying in business because of rising labor costs, competition from the non-union labor at fast food restaurants, and rising crime, which kept people home after dark. In 1960, there were 48 Bickford's in New York, down to 42 in 1970 ...
Foster's Group, an Australian brewer and distributor; Foster's Lager, an Australian beer; Fosters Freeze, a chain of fast-food restaurants in California; Fosters of Lincoln, British agricultural machinery company, William Foster & Co. Fosters' Bank, in Cambridge, England; Foster and Partners, also known as Fosters, a British firm of architects