Daily Newsletter

06 October 2023

Daily Newsletter

06 October 2023

The Second Cup Coffee plans to foray into US market

The coffee chain is currently looking for new franchise partners in the US.

Umesh Ellichipuram October 05 2023

Canada-based coffee chain The Second Cup Coffee Company is planning to expand its international presence by entering the US market.

As part of its expansion plan, the coffee chain is currently scouting for new multi-unit franchise partners in the US.

The company said: “The company is seeking partners who share its values and vision and who are committed to delivering the highest quality coffee along with friendly customer service.”

The Second Cup Coffee Company president and CEO Jim Ragas said: “We are excited to bring Second Cup Global to the US and we are looking for multi-unit franchise partners in select regions of the US who share our passion for the hospitality industry and our commitment to sustainability and ethical sourcing.

“We believe that our unique blends and delicious treats will be a hit with American coffee lovers and we can't wait to expand our presence across the country.”

The Second Cup Coffee, which has nearly five decades of experience in the coffee industry, is known for adopting ethical sourcing and sustainable practices.

Second Cup currently operates across 20 regions of the globe and in 170 locations.

In April 2021, Foodtastic acquired all the assets of Second Cup Coffee Co from Aegis Brands for a consideration of C$14m ($11.2m).

In February of the same year, the two firms reached a definitive agreement to divest all the assets of Second Cup.

Full-service restaurant (FSR) was the largest profit sector channel in Germany in 2022

The Germany foodservice profit sector generated revenue of EUR84.8 billion ($89.3 billion) in 2022, and is expected to grow at a CAGR of more than 11% during 2022-2027. FSR was the largest foodservice profit sector channel in 2022, reflecting the popularity of traditional fine-dining experiences among German consumers. Despite the highly fragmented market, pub, club & bar channel is set to record the highest growth during 2022–27, triggered by an increase in transactions and average transaction value.

Newsletters by sectors

close

Sign up to the newsletter: In Brief

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Thank you for subscribing

View all newsletters from across the GlobalData Media network.

close