Actor Dempsey: Coffee chain bid appears successful

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by Associated Press

Associated Press

Posted on January 4, 2013 at 9:05 AM

Updated Friday, Jan 4 at 1:05 PM

SEATTLE (AP) — Actor Patrick Dempsey says it appears his bid to buy a small coffee chain has prevailed in a bankruptcy auction that included Starbucks Corp.

Late Thursday night, Dempsey told a KOMO-TV reporter in Seattle that his investment group appears to have the winning bid for Tully's Coffee. He noted that a bankruptcy judge will have the final say on Jan. 11. Still, Dempsey tweeted "We got it! Thank you Seattle!"

Tully's Coffee has 47 company-owned locations in Washington and California. Tully's filed for Chapter 11 bankruptcy protection in October.

After Thursday's auction, Starbucks spokesman Zack Hutson confirmed his company participated and "is currently in a back-up position" for some of Tully's assets. He says the final certification of the winning bid won't occur until the Jan. 11 bankruptcy court hearing.

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