Stuart C. Davidson (September 9, 1922 – August 1, 2001) was an American businessman known for being the founder of the Clyde's of Georgetown restaurant in
Georgetown, Washington, D.C., and the
Clyde's Restaurant Group
Clyde's Restaurant Group is a subsidiary of Graham Holdings that owns and operates 11 restaurants in the Washington metropolitan area. Founded in 1963 to take advantage of a change in the district's liquor laws, it pioneered a number of changes ...
which owns and operates multiple restaurants in the
Washington metropolitan area.
Biography
Davidson was born in
Dayton, Ohio, and grew up in
Washington, D.C., graduating from
St. Albans School.
He attended
Harvard College, with a two-year break during
World War II when he served as a
United States Army Air Forces pilot.
He also earned a
Master of Business Administration from
Harvard Business School
Harvard Business School (HBS) is the graduate business school of Harvard University, a private research university in Boston, Massachusetts. It is consistently ranked among the top business schools in the world and offers a large full-time MBA p ...
and worked as an investment banker for
Kidder, Peabody & Co. and
Wertheim & Co.
In 1963, Davidson opened Clyde's in
Georgetown, shortly after the liquor laws in
Washington, D.C., were loosened to permit service of hard liquor to patrons standing at bars.
The restaurant was immediately profitable, and Davidson partnered with a former Clyde's dishwasher, John G. Laytham, to expand the business to
Clyde's Restaurant Group
Clyde's Restaurant Group is a subsidiary of Graham Holdings that owns and operates 11 restaurants in the Washington metropolitan area. Founded in 1963 to take advantage of a change in the district's liquor laws, it pioneered a number of changes ...
, opening five more Clyde's restaurants, purchasing the
Old Ebbitt Grill, and opening several more restaurants in the
Washington metropolitan area.
Davidson died of complications from
acute myeloid leukemia at a hospital in
Oslo, Norway, on August 1, 2001.
References
{{DEFAULTSORT:Davidson, Stuart C.
1922 births
2001 deaths
Businesspeople from Dayton, Ohio
Businesspeople from Washington, D.C.
Harvard College alumni
Harvard Business School alumni
American restaurateurs
St. Albans School (Washington, D.C.) alumni
20th-century American businesspeople