Green Mountain Coffee Roasters, Inc. has announced that it has completed the acquisition of the Tully’s Coffee® brand and wholesale coffee business from Tully’s Coffee Corporation for the purchase price of $40.3 million. Initially announced on September 15, 2008, the transaction was completed after receiving the required shareholders’ vote and satisfaction of the required closing conditions, as set forth in the Asset Purchase Agreement previously filed with the Securities and Exchange Commission. The Company financed this purchase through its existing $225 million senior revolving credit facility.
Tully’s retail locations will continue to operate under license and supply agreements with GMCR. The retail and international business will remain an independent company, operating under the name of TC Global, Inc., owned by its existing shareholders, and managed by its existing management team. As previously disclosed, the Company anticipates that this transaction will be neutral to slightly accretive to its earnings per share for the first twelve months of its ownership, and accretive thereafter.
What does this mean for single serve coffee? Everything. We love Tully's coffees and now moving forward we'll be assured they'll be around forever. A big thanks to Green Mountain for acquiring Tully's and continuing to expand into new and exciting areas in single serve coffee.
This is the kind of story you either think is great or appalling. We don't condone this type of business, but given the tough economic times it could be much much worse. So what's the true recipe for success and coffee - topless servers, and to be fair it's both men and women of all shapes and sizes. The coffee shop has been open for about 3 weeks now, and from our coffee shop sources in Maine - doing great.
The one thing that comes to mind is - hot coffee and bare flesh don't go well together. So coffee servers - make sure you take your time, serve your coffee, and when the economy turns around maybe go the more traditional coffee shop route.
What do you think? Do you think this is a good idea or just a bad idea in bad times?
Yikes. We sure do hope the Green Mountain deal to buy Tully's Coffee goes through, or we could be without our favorite french roast K-Cups soon. According to the Seattle Times Tully's is in dire financial need of this sale because of recurring losses.
Tully's Coffee could go out of business if shareholders do not approve the sale of its wholesale business to Green Mountain Coffee Roasters of Vermont, the Seattle-based coffee chain said in a securities filing Friday.
In a report the day after Tully's announced plans in September to sell the business for $40.3 million to Green Mountain, "our auditors stated that our recurring losses and accumulated deficit raised substantial doubts about our ability to continue as a going concern."
Starbucks CEO Howard Schultz told investors they could expect some exciting new "breakfast pairings" at "attractive" prices, which in a nutshell sounds like a breakfast value meal. Starbucks has a long way to climb back to the grandeur of a few years ago both financially, and with respect to how people feel about parting ways with a couple of hard earned bucks, so it's surprising their taking the McDonald's route - almost dumbing down their offerings. Well - maybe they are rounding out their options, and making sure their customers don't leave them for McDonald's across the street.
We're not sure this is the best idea or the worst idea. Would you visit Starbucks for breakfast? Would you perhaps skip the coffee, and bring your travel mug full of single serve coffee for a better priced breakfast sandwich? We often only find ourselves going to Starbucks or the like when we travel for some decent coffee.
Sound off and tell us if you'll be attending a Starbucks soon for a taste of value.
Starbucks, better known for amusingly complicated premium coffee offerings, took a cue from fast-food chains and announced a plan Monday to sell pairings of coffee and breakfast for $3.95, citing the economic downturn. Will that be a breakfast sandwich or a roll with your coffee? Starbucks says it's offering breakfast pairings. With the $3.95 breakfast offer, customers will be able to get a 12-ounce coffee with a breakfast sandwich or roll or a 12-ounce latte with either oatmeal or a coffee cake.
We all know this question comes up or a reaction to having coffee from a certain machine or cafe - how hot do you like your coffee? How hot is it? Brew temperature is one thing, but having the right temperature in the cup is another. There's also a variety of factors - do you have milk in your coffee? Do you like it with a lot of milk or none? Do you put it in a travel mug or just sip from a regular cup? Our preference is for it to start piping hot and stay hot in our Bodum Verona coffee mug for at least 5 minutes, and then we enjoy it a bit more on the medium hot side.
What's your preference? How hot do you like your coffee?
Sound off in the comments and let us know your thoughts on this controversial topic.
There's lots to look at as indicators of the worsening economy, and one of them is coffee - or if you read this site - single serve coffee. So far we've noticed no slow down in the demand, and desire for great coffee for your home. And given the amount of new readers and traffic here at Single Serve Coffee, we're thinking people have moved home for a cup of amazing coffee at 1/3 the cost (the average price for a coffee pod or K-Cup is only ~$.50 making it 1/3 the cost of a typical $1.50 cup of coffee at Starbucks) instead of opting for more expensive fair on the go. Whatever the reason - be happy you're in the single serve coffee mix, and check out this interesting article on the recession from a retailers point of view.
For Mills & Co., coffee – well known for jump–starting people’s mental capacities – has been boosting sales.
“The number one thing that people buy is Keurig k-cup coffee,” Mills said. It looks like a tiny little Dixie cup, and it makes one cup of coffee. It appeals to a lot of people because say you like hazelnut, and someone else in the house likes regular, you make one cup of each. It’s always good. It’s never bad because it’s never old.”
“Most people who own those machines in Windham come in our store to get their coffee, and there are a lot of those machines,” Mills said. “It’s a phenomenon.”
The Motley Fool is running a poll on which company you think is the most socially responsible. Everyone here at Single Serve Coffee knows the answer - Green Mountain Coffee Roasters. How do we know? Besides visiting Green Mountain Coffee Roasters several times over the past 5 years, and seeing their efforts first hand - just look at their initiatives and efforts below:
longtime proponent of sustainability
support of coffee growers (Fair Trade)
amazing treatment of employees.
Please click through and vote for Green Mountain Coffee Roasters. They're not only a big player in the single serve coffee world, but they're also a big player in treating everyone they interact with fairly, respectfully, and decently. We have the power to help them win - please take less than 10 seconds out of your day to help make it happen.
We'll be back next week, but until then you'll just have to read our reviews and older news - and of course do it while enjoying a cup of amazing single serve coffee. When we return we'll have reviews of the new entry level Keurig Office Brewer, Keurig Frother, and a new exciting single serve coffee pod machine.
But right now we want to thank to all our dedicated readers for your support and your trust during an exciting 2008. And a special thanks to all of our advertisers over this past year - without them we wouldn't be able to bring you Single Serve Coffee each day.
Have a great holiday everyone and raise your coffee cups, and remember how fortunate you are to be drinking coffee. :-)
We're not sure if this is interesting, painful to watch, or something that dreams are made of. Sure - we love our single serve coffee, but we're not sure we love drinking it in space. Okay - we'll be honest - total jealousy. Not only were we promised flying cars, but you'd think we'd all have a shot at traveling and drinking single serve coffee in space. For now, we'll just have to watch this guy have a go at it.
Where to start? Did you ever think you'd see a Single Serve Coffee Smartphone, and one that makes single serve coffee? We didn't, and in these crazy technological times we thought Apple might beat everyone to the punch. The Pomegranate NS08 makes coffee, calls, and even has a GPS unit on board.
How does the coffee delivery system work? You simply insert a Pomegranate coffee capsule into the phone, and in less than 30 seconds you have a cup of hot piping coffee. Current flavors are: Hazelnut, Columbian, French Vanilla, and Sumatran blend. We're not sure on reservoir or other features, but it looks like you'll only need to travel to Nova Scotia to get one. :-)
Irv Spalten: Bought it as well. Surprised that the K-Cup was EMPTY read more Murray: We had no problem until the last batch of Kirkland read more KE: I SO want this! Wish I could have been part read more AO: What a fantastic idea! Pour over creates a much better read more SH: @Khalil... As far as a replacement machine, you might want read more