The new owner of the Second Cup Coffee has set its sights on an expansion in suburban Canada, the latest turnaround plan aimed at bringing the struggling coffee chain to its former glory.

Last week, Aegis Brands announced it had reached a deal to sell its Second Cup Coffee Co. chain to Foodtastic, a Quebec-based restaurant franchising company. Aegis Brands did not disclose the sale price of the deal, but said it includes a $14 million cash payment and a post-closing earn-out.

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