Tully's Coffee

Business
5:00 am
Fri June 28, 2013

`Grey's Anatomy' actor Dempsey to complete Tully's purchase

Ronald Tan

If all goes according to plan, Tully’s will have a new celebrity owner come Monday. That’s when actor Patrick Dempsey’s investment group is set to complete its purchase of the struggling coffee chain out of bankruptcy. 

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Business
10:09 am
Thu October 11, 2012

Tully's Coffee files for Chapter 11 bankruptcy protection

Andrew Buckingham

The Seattle-based coffee chain Tully’s says it’s going to reorganize under chapter 11 bankruptcy. Tully’s has long struggled to find a profitable niche amid fierce competition from its hometown rival Starbucks. A string of CEOs tried and failed to turn the company around.

Scott Pearson has been at the helm for a year and a half. He says expensive leases signed in the boom years have weighed the company down. Competition has also hurt.

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