Federal Bankruptcy Judge Karen Overstreet in Seattle approved the Chapter 11 sale of Seattle chain Tully’s Coffee for $9.15 million to ‘Grey’s Anatomy’ star Patrick Dempsey. Dempsey successfully out-bid other interested buyers for the chain, including Starbucks.
Starbucks wanted half of Tully’s 47 shops in Washington and California to rebrand as their own, while Philippians-based AgriNuture Inc. sought the rest of Tully’s assets. Together, their bid was worth $10.6 million, more than 13% higher than Dempsey’s bid.
Despite Starbucks’ contentions over the “confusing and non-conclusive,” …
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