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Second Cup

Second Cup
Company nameThe Second Cup Ltd. (Canada)
The Second Cup Coffee Co. Inc. (International)
Company typePublic (Tsx - SCU) (International - Private)
Retail Coffee and Tea
Retail Beverages
Founded1975, suburban Toronto, Ontario, Canada
HeadquartersMississauga, Ontario, Canada
Key peopleStacey Mowbray - President & CEO Canada
Jim Ragas - President International
ProductsWhole Bean Coffee
Boxed Tea
Made-to-order beverages
Bottled beverages
Baked Goods
Frappuccino beverages
Revenue(+) CAN$23.11 million (2007)
Operating income(+) CAN$21.70 million (2007)
Net income(+) CAN$8.20 million (2007)
Total assetsCAN$112.04 million (2007)
Total equityCAN$87.82 million (2007)

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Second Cup is Canada's largest Canadian-based specialty coffee retailer, operating more than 360 cafés across Canada. Its headquarters are in Mississauga, Ontario. 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.

On November 16, 2006, Cara sold it to Dinecorp Hospitality Inc. Dinecorp which was controlled by former Cara CEO Gabe Tsampalieros, who became chairman of Second Cup. Gabe died on March 11, 2009 after battling a blood disorder. 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 (Second Cup Ltd) and Jim Ragas leads the International company (The Second Cup Coffee Company Inc.).

All Canadian Second Cup locations offer free wireless internet access, with the exception of The Home Depot locations.

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