In a recent and uplifting turn of events, Grey’s Anatomy star Patrick Dempsey, alias McDreamy, and his company Global Baristas LLC may have won a bankruptcy auction for the failing Seattle based Tully’s chain of 47 coffee cafes with a winning bid of $9.15 million which awaits the approval of a bankruptcy judge on January 11.
The Tully’s brand is familiar nationally for the separate roasting and wholesale operation owned by Green Mountain Coffee Roasters Inc. that sells Tully coffees in both K-cups and bags and is not involved in the bankruptcy.
After falling on increasingly hard times, Tully’s entered into chapter 11 bankruptcy in October of 2012, immediately attracting the attention of a number of potential buyers including Starbucks for the Tully’s Coffee Cafe locations. Dempsey and his company of undisclosed partners sought to preserve the jobs of the nearly 500 Tully’s employees while Starbucks desired to convert 25 of the 47 Tully’s cafes into Starbucks locations and sell off the rest.
TC Global Inc. the owner of the Tully’s chain approved the Global Baristas LLC bid of $9.15 million even though it was slightly less than the Starbuck’s total offer of $10.6 million. Now it’s up to the judge!