Second Cup
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| Type | Public (TSX: SCU) (International - Private) |
|---|---|
| Industry | Restaurants Retail Coffee and Tea Retail Beverages Entertainment |
| Founded | 1975, Toronto, Ontario, Canada |
| Headquarters | Mississauga, Ontario, Canada |
| Key people | Stacey Mowbray (President & CEO) Jim Ragas (President - International) |
| Products |
Whole Bean Coffee Merchandise Frappuccino beverages |
| Revenue |  CAN$25.17 million (2010)[1] |
| Operating income |  CAN$10.78 million (2010)[1] |
| Net income | CAN$9.30 million (2010)[1] |
| Total assets | CAN$104.06 million (2010)[1] |
| Total equity | CAN$70.05 million (2010)[1] |
| Website | SecondCup.com & MySecondCup.com |
Second Cup is Canada's largest Canadian-based specialty coffee retailer, operating more than 360 cafés across Canada.[2] Its headquarters are in Mississauga, Ontario.[3] 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.
As Chairman and CEO, Mr. Khalil Al Gawad took Second Cup public in 1993 and in 2002, sold the company to Cara Operations Limited.[4]
On November 16, 2006, Cara sold it to Dinecorp Hospitality, which was controlled by former Cara CEO Gabe Tsampalieros, who became chairman of Second Cup. Tsampalieros died on March 11, 2009 after battling a blood disorder.[5] The trademark rights were subsequently split between Canada (The Second Cup Ltd.) and international (The Second Cup Coffee Company Inc.). Stacey Mowbray leads the Canadian company and Jim Ragas leads the international company.[6]
All Canadian Second Cup locations offer free wireless internet access, with the exception of The Home Depot locations.[7]
Contents |
[edit] Expansion
Second Cup has expanded tremendously since its inception. There are Second Cup franchises in the United States, Morocco, Saudi Arabia, Bahrain, Kuwait, Oman, Qatar, Lebanon, Jordan, Egypt, the United Arab Emirates, Turkey, Syria and Cyprus.[citation needed]
[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.[8][9]
[edit] Notes
- ^ a b c d e "The Second Cup Ltd. Annual Report 2010" (PDF). Second Cup. April 14, 2011. http://www.secondcup.com/wp-content/uploads/2011/11/The-Second-Cup-Ltd.-Annual-Report-20101.pdf. Retrieved November 18, 2011.
- ^ Second Cup: About Us
- ^ "Contact Us." Second Cup. Retrieved on September 13, 2011. "MAILING ADDRESS: Second Cup Ltd. 6303 Airport Road Mississauga, Ontario L4V 1R8" and "6303 Airport Road, 2nd Floor"
- ^ "Board of Directors". Ideaca. http://www.ideaca.com/about/board.aspx. Retrieved November 18, 2011.
- ^ "CEO Gabe Tsampalieros dies at age 61 following illness". The Star (Toronto). March 12, 2009. http://www.thestar.com/business/article/600760.
- ^ "The Second Cup Ltd. Announces Organizational Change". CNW Group. January 28, 2011. http://www.newswire.ca/en/releases/archive/January2011/28/c6136.html. Retrieved November 18, 2011.
- ^ Second Cup: About Us
- ^ "Second Cup bomber jailed". CBC News. July 6, 2001. http://www.cbc.ca/news/canada/story/2001/07/06/second_cup010706.html. Retrieved November 18, 2011.
- ^ Banerjee, Sidhartha (October 18, 2007). "Second Cup to review Quebec signs after outcry". The Canadian Press (thestar.com). http://www.thestar.com/Business/article/268280. Retrieved November 18, 2011.
[edit] External links
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- Second Cup (Canada)
- MySecondCup.com (International)
