Tully's Sale To Green Mountain A Go

Starbucks might be seeing hard times, but Tully's is expanding--by selling half of the company to Green Mountain Coffee Roasters and focusing on retail nationwide. In effect, the sale means the Tully's brand will have a greater presence on the East Coast, and we'll probably see Green Mountain coffee on more shelves here in the Northwest. The deal saves Tully's from a path headed straight towards bankruptcy, thought it does mean reduced operations at the old Rainier Brewery.

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By Katelyn in Food on March 30, 2009 1:30 PM

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CameronNewland

Actually, this deal ensures a Tully's bankruptcy. Tully's sold its golden goose -- its wholesale coffee operation was its only profitable asset! Their coffee houses have never earned a dime! This move gives Tullys' poor management additional time to waste money on a mindless expansion, never thinking of the endgame (making a profit) for a single second.

Seriously, a Tully's bankruptcy would've been a godsend. In bankruptcy reorganization, Tully's might've held on to their profitable wholesale business and they could've installed a management team that pursues profitability instead of break-neck growth.