Results tagged “tullys”

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.

The important thing is that the big green T will stay by I-5 for your viewing pleasure. And your local Tully's shouldn't be closing. What's happened is that Tully's has sold its brand, wholesale business, and supply chain to Vermont's Green Mountain Coffee Roasters for about $40 million. They're keeping the retail side (and international biz). Tully's needed cash, since their IPO plans foundered back in February on the shoals of our current recession. The sale will pay off $8.6 million in debt, which was otherwise probably not going anywhere--Tully's has recorded a profit just once in its history.

Well, it's a sad day for Tully's loyalists in Queen Anne: the Boston & Queen Anne Ave location is closed! According to our (much appreciated) tipper Landon, the windows are covered up and a sign reads, "Thank you for your years of service." There are three coffee shops within spitting range of the bygone Tully's, so it's not like QAers are sunk for expensive caffeine. One of those coffee shops is a Peet's, which we like better than Tully's anyway. But...still. Sad day! (We like tips. Send them here.)

"Colorful Building" by saul_xavier

"Tully's Headquarterby herbiehancock00

Architecture writer Lawrence Cheek writes in today's P-I about two historic properties--one landmarked and one not, respectively--that have been undergoing some creative adaptive reuses: Queen Anne High School and the old Rainier (Sick's) Brewery in SoDo. We were fortunate enough to take a tour of the latter earlier this month.