Business
Second Cup Royalty Income Fund announces the completion of its acquisition of The Second Cup Ltd. and appointment of CEO
MISSISSAUGA, ON, June 29 /CNW/ - Second Cup Royalty Income Fund (the "Fund") (TSX: SCU.UN) announ...
About this update from Aegis Brands Inc
[{"type":"text","content":"\n\n\n\nMISSISSAUGA, ON, June 29 /CNW/ - Second Cup Royalty Income Fund (the\n"Fund") (TSX: SCU.UN) announced today that its wholly-owned subsidiary\ncompleted the acquisition all of the outstanding shares of The Second Cup Ltd.\n("Second Cup"). This transaction recombines the business of the Fund with the\nbusiness of Second Cup as previously set out in the Fund's announcement on May\n1, 2009. Second Cup and its management team will continue to operate the\nSecond Cup business as a wholly-owned subsidiary of the Fund.\n\n\nThe Fund also announced the appointment of Stacey Mowbray as Chief\nExecutive Officer of Second Cup. Commenting on the appointment, Michael\nRosicki, Chairman, stated "Stacey has provided exceptional leadership since\njoining Second Cup as President over a year ago and her depth of experience in\nthe food and restaurant industry is an asset to the company. In her role as\nCEO, Stacey will continue to lead our management team on developing exciting\nnew product initiatives and enhancing the customer experience, all with a view\nto further strengthening our cafe network and capitalizing on new business\nopportunities."\n\n\nForward Looking Information\n\n\nCertain statements in this news release may constitute forward-looking\nstatements. Forward-looking statements include words such as "may", "will",\n"should", "expect", "anticipate", "believe", "plan", "intend" and other\nsimilar words. These statements reflect current expectations regarding future\nevents and operating performance and speak only as of the date of this\nrelease. These forward-looking statements should not be read as guarantees of\nfuture performance or results and will not necessarily be accurate indications\nof whether or not those results will be achieved. Forward-looking statements\nare subject to known and unknown risks, uncertainties and other factors that\nmay cause the Fund's actual results, performance or achievements, or those of\nSecond Cup cafes, or industry results to be materially different from any\nfuture results, performance or achievements expressed or implied by those\nforward-looking statements.\n\n\nThe Fund\n\n\nThe Fund is an open-ended trust established under the laws of the\nProvince of Ontario. It holds, throu...