iVLG's weekly News Roundup provides business owners and entrepreneurs the latest news surrounding business and recent cases and legislation.
Tully’s Selling Coffee Shops to Kachi for $4.3 Million
Tully’s Coffee Corp. has seen its ups and downs recently. The company filed for Chapter 11 bankruptcy protection in October, and announced Wednesday that it will sell its coffee shops in Washington and California to Kachi Partners, a Colorado-based entrepreneurial financial group. Kachi was one of 13 companies that expressed interest in purchasing Tully’s, and one of the 56 potential buyers that were contacted.
Subject to court approval, the acquisition will close by the end of December. Kachi plans to continue to operate the existing coffee shops under the Tully’s name.
Business Booming for Costco; Announces Special Dividend of $7 Cash
Costco Wholesale Corp., headquartered in Issaquah, announced the dividend as a result of…