BookRags.com Literature Guides Literature
Guides
Criticism & Essays Criticism &
Essays
Questions & Answers Questions &
Answers
Lesson Plans Lesson
Plans
My Bibliography Periodic Table U.S. Presidents Shakespeare Sonnet Shake-Up
Research Anything:        
History | Encyclopedias | Films | News | Create a Bibliography | More... Login | Register | Help

Search "Mike Ilitch"

Biographies Navigation

Mike Ilitch Biography

Print-Friendly  Order the PDF version  Order the RTF version
About 6 pages (1,920 words)
Mike Ilitch Summary

Bookmark and Share Questions on this topic? Just ask!

Encyclopedia of World Biography on Mike Ilitch (page 3)

Of his initial interest in the pizza business, Ilitch told Pat Jordan of the New York Times Magazine, "I was fascinated by water and flour. You knead it into dough, put it in the oven, and it comes out baked. Wow!" Originally, Ilitch wanted to call his restaurant Pizza Treat, but his wife thought the name should be snappier and suggested Little Caesars, based on her nickname for her husband. When their restaurant opened in a strip mall in Garden City, Michigan, Ilitch handled the pizza production, menu, and marketing, while his wife handled the cash flow. By 1962, they had their first franchise.

Little Caesars expanded throughout the Midwest. By not offering delivery and keeping staff to a minimum, Little Caesars had low overhead. In the mid-1970s, Ilitch came up with a marketing idea that changed the pizza industry and greatly increased his fortune: "Pizza! Pizza!" Little Caesars sold two pizzas for one relatively inexpensive price. In 1980, the company had over 200 franchises, still primarily in the Midwest. By 1983, the company had 300 restaurants and a year later, their sales totaled $290 million. The company exploded with their first national advertising campaigns in the mid-1980s.

Between 1987 and 1992, Little Caesars grew at a compounded annual rate of 42 percent.

This is a free page. This page contains 200 words. This biography contains 1,920 words (approx. 6 pages at 300 words per page).

Read the rest of this Biography with our Mike Ilitch Access Pass.

More Information
  • View Mike Ilitch Study Pack
  • Search Results for "Mike Ilitch"
  • Add This to Your Bibliography
  • More Products on This Subject
    Mike Ilitch
    Michael "Mike" Ilitch (Macedonian: Михаел Илиќ, Serbian: Михаел Илић), (born Mic... more


     
    Ask any question on Mike Ilitch and get it answered FAST!
    Answer questions in BookRags Q&A and earn points toward
    discounted or even FREE Study Guides and other BookRags products!
    Learn more about BookRags Q&A
    Copyrights
    Mike Ilitch from Encyclopedia of World Biography. ©2005-2006 Thomson Gale, a part of the Thomson Corporation. All rights reserved.

    Join BookRagslearn moreJoin BookRags




    About BookRags | Customer Service | Report an Error | Terms of Use | Privacy Policy