40. According to legend, the “Pizza Margherita” takes its name from Queen Margherita of Savoy who, in 1889, sampled three pizza flavors made by master pizza chef Raffaele Esposito and expressed a preference for the version topped with tomatoes, mozzarella, and basil, and designed to resemble the Italian flag. Nice story—and while the Queen did eat Esposito's pizza, there's no evidence of what was on the menu, and a lot of skepticism that this was mostly a marketing scheme concocted (complete with forged historical documents!) to boost business.
Pizza Pizza Royalty Corp. (“PPRC”), formerly Pizza Pizza Royalty Income Fund, is a corporation which owns the trademarks used by Pizza Pizza Limited (the “Company”) in its Pizza Pizza and Pizza 73 restaurants. The Pizza Pizza trademarks are licensed to the Company for which the Company pays PPRC a royalty equal to 6% of the system sales of Pizza Pizza restaurants in the Royalty Pool. The Pizza 73 trademarks are licensed to the Company, for which the Company pays PPRC a royalty equal to 9% of the system sales of the Pizza 73 restaurants in the Royalty Pool.