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October 27, 1994 | From Times Staff and Wire Reports
Canadian Firm to Acquire Diedrich Coffee: Canada's largest chain of gourmet coffeehouses agreed to buy Orange County-based Diedrich Coffee. Second Cup Ltd., a Toronto-area franchiser of 200 Canadian coffeehouses, said it will pay about $5.5 million in cash and stock to merge Diedrich with its first U.S. acquisition: the five-store Coffee Plantation chain that serves the Phoenix area.
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BUSINESS
November 19, 1994 | JAMES S. GRANELLI, TIMES STAFF WRITER
Canada's largest chain of coffeehouses said Friday that it has called off its plan to acquire Orange County's Diedrich Coffee for as much as $6 million in cash and stock. Second Cup Ltd. in Toronto said it decided during a review process that "it would not be in the best interest of the Second Cup shareholders to proceed with the transaction at this time."
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BUSINESS
November 19, 1994 | JAMES S. GRANELLI, TIMES STAFF WRITER
Canada's largest chain of coffeehouses said Friday that it has called off its plan to acquire Orange County's Diedrich Coffee for as much as $6 million in cash and stock. Second Cup Ltd. in Toronto said it decided during a review process that "it would not be in the best interest of the Second Cup shareholders to proceed with the transaction at this time."
BUSINESS
October 27, 1994 | From Times Staff and Wire Reports
Canadian Firm to Acquire Diedrich Coffee: Canada's largest chain of gourmet coffeehouses agreed to buy Orange County-based Diedrich Coffee. Second Cup Ltd., a Toronto-area franchiser of 200 Canadian coffeehouses, said it will pay about $5.5 million in cash and stock to merge Diedrich with its first U.S. acquisition: the five-store Coffee Plantation chain that serves the Phoenix area.
BUSINESS
November 2, 2000 | Dow Jones
A Toronto company said Wednesday that it ended up with an 8% stake in Diedrich Coffee Inc. as a result of the Irvine coffee maker's purchase last summer of Coffee People Inc. Second Cup Ltd., which owned 69% of Coffee People, said in a filing with the Securities and Exchange Commission that it beneficially holds more than 1 million shares of Diedrich as consideration for the July 7 acquisition.
BUSINESS
July 9, 1999 | (Dow Jones)
Diedrich Coffee Inc., moving to secure the No. 2 ranking behind industry giant Starbucks Corp., said it has completed its acquisition of Coffee People Inc. for $23 million cash and 1.5 million shares of Diedrich stock. Second Cup Ltd., which owned 70% of Coffee People, received cash and a stake of about 8.5%, or about 1 million shares, in Diedrich Coffee.
BUSINESS
January 25, 2001 | Dow Jones
A Toronto company that wound up with an 8% stake in Diedrich Coffee Inc. said Wednesday in a filing with regulators that it has reduced its stake in the Irvine coffeehouse chain to 6.8%. Second Cup Ltd. said in the filing with the Securities and Exchange Commission that it sold 190,000 Diedrich shares between Dec. 1 and Jan. 18 at prices ranging from 41 cents to $1.31 a share. Second Cup had acquired its stake last year by selling its 69% interest in Coffee People Inc.
BUSINESS
October 27, 1994 | JOHN O'DELL, TIMES STAFF WRITER
As part of a push into the Southwest, Canada's largest chain of gourmet coffeehouses agreed Wednesday to acquire Orange County's Diedrich Coffee. Second Cup Ltd., a Toronto-area franchiser of 200 Canadian coffeehouses, said it will pay an estimated $5.5 million in cash and stock to merge Diedrich with its first U.S. acquisition: the five-store Coffee Plantation chain that serves the Phoenix area.
BUSINESS
February 10, 1999 | JOHN O'DELL, TIMES STAFF WRITER
In its third aggressive expansion maneuver in six months, Diedrich Coffee Inc. agreed Tuesday to buy Coffee People Inc. for about $34 million in cash and stock from its majority owner, Second Cup Ltd. of Toronto. The deal would create a company with 363 outlets--including 76 coffeehouses--in 38 states and seven countries. Second Cup, which will retain 369 coffee "cafes" across Canada, remains North America's second-biggest coffeehouse chain, trailing Seattle's Starbucks Corp.
BUSINESS
July 24, 1996 | GREG JOHNSON, TIMES STAFF WRITER
Diedrich Coffee said Tuesday that it will sell 2.2 million shares of common stock for $15.6 million and use the proceeds to aggressively expand the family-owned chain. Coffeehouse industry observers had been expecting Irvine-based Diedrich to make a public stock offering in order to remain competitive with larger, fast-growing competitors.
BUSINESS
July 3, 1995 | from Bloomberg Business News
The British patronize pubs, and the French relish their cafes. Canadians? They're sweet on doughnut shops. Canada has the world's largest per-capita concentration of doughnut shops, with Japan second, according to food-industry analysts. Some Canadian chains are owned by publicly held companies, and many are expanding amid rising sales. In Canada's doughnut wonderland, industry executives estimate there are roughly five times more doughnut shops per capita than in the U.S.
BUSINESS
February 10, 1999 | JOHN O'DELL, TIMES STAFF WRITER
In its third aggressive expansion maneuver in six months, Diedrich Coffee Inc. agreed Tuesday to buy Coffee People Inc. for about $34 million in cash and stock from its majority owner, Second Cup Ltd. of Toronto. The deal would create a company with 364 outlets--including 76 coffeehouses--in 38 U.S. states and seven foreign countries. Second Cup, which will retain 369 coffee "cafes" across Canada, remains North America's second-biggest coffeehouse chain, trailing Seattle's Starbucks Corp.
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