Second cup up for saleThe Globe and Mail reports in its Tuesday edition that Second Cup has formed a special committee to review its strategic options, including a sale of the company, while acknowledging that the coffee chain will not be able to meet its three-year business goals. The Globe's Marina Strauss writes that restaurant chain Cara Operations is believed to have recently considered a Second Cup takeover, but Cara tends to buy chains that are in better financial shape than Second Cup, said consultant Douglas Fisher. Food-court chain MTY Food Group is a more likely suitor because it tends to take over troubled chains, but it may want to wait until Second Cup is an even cheaper acquisition. Under new leadership since early 2014, Second Cup has pinned its revival on a more upscale cafe revamping paid for mostly by franchisees, along with new food and coffee offerings, despite resistance from some of its restaurant operators. And while Second Cup released improved third-quarter results, it still grapples with losses and falling sales. The company's three-year plan was to add 75 to 85 new cafes over three years, but has so far only opened five new cafes. Second Cup has a $6-million credit facility that is due on Jan. 1