Second Cup
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| Second Cup | |
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| Type | Subsidiary Public (TSX: SCU.UN) |
| Founded |  1975, suburban Toronto, Ontario, Canada |
| Headquarters | Mississauga, Ontario, Canada |
| Key people | Gabe Tsampalieros, Chairman |
| Industry | Restaurants Retail Coffee and Tea Retail Beverages Entertainment |
| Products | Whole Bean Coffee Boxed Tea Made-to-order beverages Bottled beverages Baked Goods Merchandise Frappuccino beverages |
| Revenue | ▲ CAN$23.11 million (2007) |
| Operating income | ▲ CAN$21.70 million (2007) |
| Net income | ▲ CAN$8.20 million (2007) |
| Total assets | CAN$112.04 million (2007) |
| Total equity | CAN$87.82 million (2007) |
| Parent | Dinecorp Hospitality Incorporated |
| Website | SecondCup.com |
Second Cup is Canada’s largest specialty coffee retailer,and operates more than 360 cafés across Canada.[1] Founded in 1975 by Tom Culligan and Frank O'Dea, Culligan eventually purchased O'Dea's shares. After building it to a 150-store chain, he sold it in 1988 to Michael Bregman, the founder of mmmuffins.
From 2002, Second Cup was a subsidiary of Cara Operations Limited. On November 16, 2006, Cara sold it to Dinecorp Hospitality Inc. Dinecorp is controlled by former Cara CEO Gabe Tsampalieros, who is now chairman of Second Cup.
Select Second Cup locations offer wireless internet access, provided by Rogers Wireless.[2]
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[edit] Expansion
Second Cup has expanded tremendously since its inception. There are Second Cup franchises in United States, Canada, Saudi Arabia, Kuwait, Oman, Lebanon, Egypt, the United Arab Emirates and Turkey .
[edit] "Second Cup" Incident
In 2001, Rhéal Mathieu, a member of Front de Libération du Québec (FLQ) who in 1967 was sentenced to nine years in prison for terrorist activities including murder, was convicted of firebombing three Second Cup locations in Montreal. Mathieu targeted them because of the company's use of its incorporated English name "Second Cup." After the media coverage of the firebombings, many Second Cup locations in Quebec changed their signs to "Les cafés Second Cup."
[edit] Notes
[edit] External links
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