Curtis Blake
Curtis Livingston Blake was an American businessman and philanthropist.
Biography
Born in Jersey City, New Jersey, to Herbert Prestley Blake and Ethel Stewart Blake, Curtis and his elder brother, Stewart Prestley Blake (known as "S. Prestley Blake"), jointly founded the Friendly Ice Cream Corporation. Their first restaurant opened in 1935, during the Great Depression, in Massachusetts. By the 1970s, the brothers began to fight over the direction of the business. The company was sold to Hershey Foods in 1979 for $164 million.Under Hershey Foods, Friendly's grew to more than 800 eateries, the highest number in its history. But the chain began to flounder because of high labor costs and intense competition. Donald Smith, a veteran restaurant executive, bought Friendly's for $375 million in 1988. Most analysts believed he paid far too much for the struggling firm, strapping the company with a huge debt.
Blake died on May 24, 2019, in Hobe Sound, Florida, at the age of 102.