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Patrick Dempsey becomes new owner of Tully's Coffee

Published July 3, 2013
By
Bree Shirvell Contributor

Dive Summary:

  • Patrick Dempsey and his investment group, Global Baristas, have officially bought Tully’s Coffee for $9.2 million.
  • Tully’s Coffee filed for Chapter 11 bankruptcy protection in October of 2012 after acquiring more than $3.7 million in debt.
  • Global Baristas plans on continuing to operate the coffee chain which has more than 500 employees.

From the article

…Starbucks had wanted to buy about half of Tully’s 47 shops in Washington and California and turn them into Starbucks stores…
 

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