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Second Cup Coffee Chain Sold To Quebec-Based Buyer In Cash Deal


Foodtastic is a Montreal-based franchiser of multiple restaurant concepts, including casual restaurant dining chain Nickels – originally created by a group including pop icon Celine Dion.
“Second Cup has been a Canadian staple for almost 45 years and we’re excited to welcome them into the Foodtastic family,” Peter Mammas, president and CEO of Foodtastic, said in a statement.
“We look forward to working with all our new franchisees and emerging through this pandemic with a revitalized Canadian leader in the premium coffee segment,” he said. “This acquisition is consistent with our strategy of acquiring quality Canadian brands with growth potential.”
The Second Cup Ltd. changed its name to Aegis Brands as part of a plan to diversify beyond coffee shops. ....

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