Friday, May 24, 2013

Dempsey Has Big Plans For Tully's

Patrick Dempsey says he plans to be very involved in running Tully's Coffee shops after the "Grey's Anatomy" star won the Seattle-based chain in a bankruptcy auction. In an interview Friday, Dempsey said that as the underdog in Seattle, Tully's will need to find its identity. He says once the business is stabilized, the long-term goal is to take the chain national.
But in a statement on Thursday, auction rival Starbucks insinuated that Dempsey shouldn't celebrate just yet. Starbucks says a final determination on the winning bid won't be made until a court hearing on Jan. 11. Starbucks said it's in a "back-up" position to buy 25 of the 47 Tully's cafes, with another undisclosed bidder making an offer for the remainder.
The combined bids of Starbucks and the undisclosed bidder come to $10.6 million, above the $9.2 million Dempsey's company is offering.
IMAGE from Seattle Times

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