Bridgehead Coffee hails strong wholesale channel for boosting 2022 revenues

Louise Matthews

The Canadian coffee chain, owned by Toronto-based mostly Aegis Manufacturers, attained 30{ead4cb8c77dfcbdb67aba0af1ff8dfae0017fcc07a16fe7b51058939ac12c72a} wholesale channel development last 12 months, which assisted offset lessen e-commerce revenues adhering to the easing of Covid restrictions 

A Bridgehead espresso store in Ottawa, Canada | Photograph credit rating: Matti Blume CC BY-SA 4.


 

Canada’s Bridgehead Coffee has described continuous profits advancement for the 12 months finished 31 December 2022, led by its robust doing wholesale channel. 
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Aegis Models, which obtained Bridgehead Espresso for CA$9.5m ($7m) in January 2020, explained system-wide product sales for the 21-robust espresso chain amplified 21{ead4cb8c77dfcbdb67aba0af1ff8dfae0017fcc07a16fe7b51058939ac12c72a} last 12 months, led by 30{ead4cb8c77dfcbdb67aba0af1ff8dfae0017fcc07a16fe7b51058939ac12c72a} 12 months-on-12 months expansion in its wholesale channel. 

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Bridgehead Coffee now sells its branded whole bean espresso and coffee pods throughout Canadian grocery and supermarket chains Costco Wholesale, Full Food items Industry, Farm Boy, Longo’s and Sobeys. 

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Aegis Brand names also reported ‘improving’ revenue from Bridgehead Coffee’s café community, with revenues driven by returning business office-employee footfall across its downtown Ottawa shops. 

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The coffee chain’s Carleton University outlet was cited as its finest carrying out retail outlet final calendar year following the return of learners to the campus in September 2022. 

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Aegis Brand names, which offered Canadian espresso chain 2nd Cup Coffee for CA$14m ($10m) in April 2021, reported it was discovering options inside the foodservice and hospitality industries in a bid to get Bridgehead’s coffee ‘into the fingers of new customers’ 

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The Toronto-centered foods and beverage retailer claimed e-commerce demand ‘naturally subsided’ in 2022, with gross sales in the channel falling 28{ead4cb8c77dfcbdb67aba0af1ff8dfae0017fcc07a16fe7b51058939ac12c72a} pursuing the lifting of in-shop investing limits across Canada at the start of previous 12 months and the expansion of its wholesale company. 

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“We realise and are real looking about the new landscape of the coffeehouses in Ottawa, having said that we believe that the return to office environment function is not nevertheless comprehensive. Moreover, we are looking to replicate the accomplishment of our Carleton site by building additional non-regular web pages. The Bridgehead model is robust, the coffee high quality is next-to-none and the goal of obtaining natural and organic and pretty traded coffee offers the opportunity to expose more and extra Canadians to the Bridgehead knowledge,” said Kate Burnett, President, Bridgehead Espresso. 

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In a push launch, Aegis Models mentioned it had executed the ‘first action of its write-up-pandemic plan’ by getting St. Louis Bar and Grill in November 2022. Pursuing the sale of 2nd Cup Espresso and cannabis retailer Hemisphere in 2021, St. Louis Bar and Grill is Aegis Brands’ only other shown organization. 

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“With the recent St. Louis acquisition, the business is poised to realise substantial organic advancement within our makes whilst continuing to appear for accretive acquisitions that can develop and advantage from becoming beneath the Aegis umbrella,” explained Steven Pelton, President and CEO of Aegis. 

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