Tully's Coffee Shops File For Bankruptcy, Agreement With GMCR Unaffected

TC Global, Inc., owner of Tully's coffee shops, filed for bankruptcy protection and plans to close underperforming locations, according to the Seattle PI. The report claims the bankruptcy filing will not affect Tully's wholesale and online business and brand, which Green Mountain Coffee Roasters purchased in 2009. TC Global says it will still buy coffee under it existing supply and licensing arrangements with GMCR. Full article.