New Tully's Deals Means More Stores and More K-Cups
With the recent acquisition of Tully's by Green Mountain Coffee, lots of readers have been wondering what it all means. One thing is for sure - it means Tully's will be around moving forward, and according to the Seattle PI it also means more coffee, stores, and other goodness. We can't wait to see more k-cups being offered in more places as well.
For Tully's Coffee customers, the news on Monday means no change -- Tully's cafes will still serve the same drinks, employ the same people and offer the chain's signature free Wi-Fi access.
The sale offers a lifeline to the financially struggling coffee company, which faced bankruptcy or a significant scaling back of operations if the sale had not gone through. In a federal filing last year, Tully's said that it had years of operating losses since its founding in 1992 and an accumulated deficit of $102 million.
About 45 Tully's corporate employees will remain at the Seattle headquarters at the former Rainier Brewery. The rest -- about 80 people who roast, package and distribute coffee -- now work for Green Mountain and will move to a nearby roasting and packaging plant.
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Posted by Jay Brewer at April 8, 2009 8:06 AM
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