Picasso portrait snags Canadian record-setting $9.1M at Toronto auction
TORONTO — A Pablo Picasso portrait has sold for $9.1 million, making it the most valuable work by a non-Canadian artist to sell at auction in the country. The 1941 painting sold Wednesday at the Heffel Fine Art Auction House depicts photographer Dora Maar, who during her relationship with Picasso served as the principal subject of his "Weeping Woman" series. The pre-auction estimate for "Femme au chapeau" was $8 million to $10 million. The Canadian highlight of the auction was the Emily Carr painting "Street, Alert Bay," which fetched $2.4 million.
The Ottawa-based Bridgehead coffeehouse chain has been bought by Aegis Brands, the parent company of Second Cup Coffee Co., for $ 9 . 5 million. Bridgehead locations will continue to operate under the Bridgehead name, and its head office will remain in Ottawa, according to a joint statement
Our Coffeehouses . Welcome to Bridgehead - your neighbourhood hub, your creativity incubator, your motivation to leave the 130 Anderson St. (at Preston St.) Ottawa, ON K1R 6T7 Ph 613.233.1221 Coffeehouse Hours Monday to Friday: 6:00 a. m . to 8:00 p. m . Saturday and Sunday: 6:30 a. m . to 6
The Ottawa-based Bridgehead coffeehouse chain has been bought by Aegis Brands, the parent company of Second Cup Coffee Co., for $9.5 million.
Bridgehead locations will continue to operate under the Bridgehead name, and its head office will remain in Ottawa, according to a joint statement released Thursday morning.
Last month, Toronto-area Second Cup Coffee Co.as part of a plan to diversify beyond coffee shops.
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Bridgehead offers a variety of career and employment positions in our Coffeehouses , our Kitchen, our Warehouse, and at our Roastery. Bridgehead welcomes and encourages applications from people with disabilities - we invite diversity in our applicants and strive to remove barriers in our hiring process!
Ottawa’s “biggest little coffee company,” Bridgehead has been sold to the owners of the Second Cup coffee chain in a deal worth $ 9 . 5 million. Bridgehead has 19 coffeehouses in the capital, including its landmark Roastery on Anderson Street near Preston.
Aegis will help Bridgehead "expand its footprint without needing to change who they are or what they do best," the statement reads.
'Appropriate time' to sell
Tracey Clark, Bridgehead's current president and CEO, told CBC in an interview the sale has been in the works for the past 18 months.
"I think it's exciting," Clark said. "They're a Canadian company with a long history, and we're a Canadian company with a long history, too."
Clark bought Bridgehead in 1999 and opened its flagship café at 362 Richmond Rd. in Westboro the following year. The chain now has 19 locations in the city, she said, and employs 325 people.
"In the very beginning, I always had a goal for Bridgehead that we would be local wherever we were, but that we wanted to be able to expand outside of Ottawa," Clark said.
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Hailey Baldwin spent big money on a new chain for her husband.Justin posted a photo of a blinged-out chain to Instagram this week but gave little context about the new jewelry.
Second Cup buying Ottawa café chain Bridgehead Coffee for $ 9 . 5 -million. The Second Cup Ltd. says it has agreed to buy Ottawa-based Bridgehead Coffee in a $ 9 . 5 -million deal. It says the acquisition is the first since it announced last month a new operating structure and strategy under the
We have coffee gear for your coffee lover. Aeropress, chemex, mugs and exceptional coffee . Everything you need to make a sweet brew at home. Phone: 1.613.231.5488 / 1.800.565.8563 Email: inquire@ bridgehead .ca Monday - Friday, 9 :00 a. m . - 5:00 p. m .
"It's an appropriate time, and it's an appropriate opportunity. So we're ready."
Brand to maintain 'autonomy'
"I guess the thing that I really like about this is I feel very reassured that we will be able to grow according to our brand values, and that we will be able to operate with autonomy and independence," Clark said.
As part of the deal, Clark will continue to lead the Bridgehead brand as the company's "chief culture officer."
Of the $9.5-million purchase price, Aegis will pay $6 million in cash and the rest in Second Cup shares, according to the statement.
, when two United Church ministers and two activists worked to bring fairly traded coffee from Nicaragua to Canada.
According to its website, Bridgehead roasts about 2,700 kilograms of fairly traded organic coffee every week, all done in-house.
Babe Ruth's 500th-home run bat sells for $1m .
The baseball bat Babe Ruth used to hit his 500th home run has been sold at auction for more than $1m. George Herman Ruth, known as Babe, hit the landmark home run on 11 August 1929 against Cleveland Indians, while he was with the New York Yankees.The autographed bat had been given to his friend, Jim Rice, who was mayor of Suffern in New York in the 1940s.It had been in the family for nearly 75 years.© Imagebridge Babe Ruth was a record-setting baseball legend The bat was sold by SCP Auctions, which has not identified the buyer, for $1,000,800 (£750,050).