Patrick Dempsey's
proposal to acquire ownership of Tully's Coffee has officially been
approved by a judge after he and his group prevailed in their bid to
acquire the Seattle-based coffee chain in a bankruptcy auction. The
judge gave the final say on the matter on February 11.
Rival bidder AgriNurture Inc., which is based in the Philippines, filed
an objection at the hearing, saying it had offered $10.6 million, more
than what Dempsey's group was willing to give, in a combined bid with
Starbucks Corp. Judge Karen Overstreet, however, insisted the January 4
auction was fair.
"I've been deeply humbled by the outpouring of support from the city of
Seattle and am very proud to be a new business owner in this amazing
city," Dempsey said. "We have a lot to accomplish over the next few
months and years, and I am excited to now call Seattle my second home."
A 20-year-old coffee chain that has become a Seattle icon, Tully's filed
for Chapter 11 bankruptcy protection in October and subsequently closed
19 unprofitable locations. Dempsey's company, Global Baristas LLC, won
the bid to buy Tully's out of bankruptcy with $9.2 million proposal.
Since winning the auction, he has visited several Tully's Coffee stores
to get acquainted with the employees and customers. "Heading to Clyde
Hill Tully's now to meet employees and our customers. Very exciting," he
tweeted, before adding, "On my way in 20 min to Lincoln Square Tully's.
Love this city. Very impressed with all of the employees. On way to
Mercer Island."
After the hearing, the "Grey's Anatomy" actor excitedly announced his victory, "We won !!! We won !!! Thank you Seattle ! See you soon !"
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