Bankruptcy http://www.kplu.org en `Grey's Anatomy' actor Dempsey to complete Tully's purchase http://www.kplu.org/post/greys-anatomy-actor-dempsey-complete-tullys-purchase <p><span style="line-height: 1.5;">If all goes according to plan, Tully’s will have a new celebrity owner come Monday. That’s when actor Patrick Dempsey’s investment group is set to complete its purchase of the struggling coffee chain out of bankruptcy.&nbsp;</span></p><p> Fri, 28 Jun 2013 12:00:00 +0000 Ashley Gross 9196 at http://www.kplu.org `Grey's Anatomy' actor Dempsey to complete Tully's purchase Tully's Coffee files for Chapter 11 bankruptcy protection http://www.kplu.org/post/tullys-coffee-files-chapter-11-bankruptcy-protection <p>The Seattle-based coffee chain Tully’s says it’s going to reorganize under chapter 11 bankruptcy. Tully’s has long struggled to find a profitable niche amid fierce competition from its hometown rival Starbucks. A string of CEOs tried and failed to turn the company around.</p><p>Scott Pearson has been at the helm for a year and a half. He says expensive leases signed in the boom years have weighed the company down. Competition has also hurt.</p><blockquote><p>"You see in many cases some other competitor maybe catty corner to our stores and that cannibalizes your business," Pearson said.</p> Thu, 11 Oct 2012 17:09:19 +0000 Ashley Gross 6687 at http://www.kplu.org Tully's Coffee files for Chapter 11 bankruptcy protection Reports: Tully's Coffee files for bankruptcy http://www.kplu.org/post/reports-tullys-coffee-files-bankruptcy <p>The Seattle coffee chain Tully's Coffee, sometimes lost in the shadow of the much more successful Starbucks, has filed for bankruptcy protection and hopes to renegotiate its real estate debt, report several news sources.</p><p><a href="http://seattletimes.com/html/businesstechnology/2019393286_tullyscoffeexml.html">The Seattle Times says </a>the company is no longer burdened by huge debt but it is cash poor and will likely close more stores.</p> Wed, 10 Oct 2012 22:00:38 +0000 Jake Ellison 6671 at http://www.kplu.org Reports: Tully's Coffee files for bankruptcy College grads driving upward spike in bankruptcy filings http://www.kplu.org/post/college-grads-driving-upward-spike-bankruptcy-filings <p>Our high school teachers always said that a college education was a sure fire way to ensure financial stability down the road but now there&rsquo;s mounting evidence that no one is immune to financial disaster.</p><p>A new study found college graduates are the fastest growing group of consumers filing for bankruptcy in the nation.&nbsp; And Washington State is no exception. Tue, 27 Sep 2011 18:10:32 +0000 Vanessa Romo 2738 at http://www.kplu.org College grads driving upward spike in bankruptcy filings Harry & David close to emerging from bankruptcy http://www.kplu.org/post/harry-david-close-emerging-bankruptcy <p>One of the best-known Northwest brands is closer to getting out of bankruptcy. A federal judge has given a tentative okay to the recovery plan for Oregon gourmet food and gift retailer Harry &amp; David.</p><p> Fri, 12 Aug 2011 21:00:12 +0000 Chris Lehman 2319 at http://www.kplu.org Harry & David close to emerging from bankruptcy Retailer Harry & David file "pre-arranged" bankruptcy but stays open http://www.kplu.org/post/retailer-harry-david-file-pre-arranged-bankruptcy-stays-open <p>http://stream.publicbroadcasting.net/production/mp3/kplu/local-kplu-960340.mp3</p><p>Gourmet food company Harry &amp; David hopes to make a quick trip through bankruptcy reorganization. The legendary Northwest retailer filed a &ldquo;pre-arranged restructuring&rdquo; plan with a Delaware court.</p><p>The struggling retailer will use the bankruptcy process to shed its heavy debt load and repair its balance sheet. The century-old Medford, Oregon icon filed papers saying the majority of its bond holders have agreed to swap their debt for equity in a restructured company. Tue, 29 Mar 2011 13:03:45 +0000 Tom Banse & KPLU News Staff 1086 at http://www.kplu.org Retailer Harry & David file "pre-arranged" bankruptcy but stays open Ailing retailer Harry & David expected to survive, but shrink http://www.kplu.org/post/ailing-retailer-harry-david-expected-survive-shrink <p>http://stream.publicbroadcasting.net/production/mp3/kplu/local-kplu-956888.mp3</p><p>One of the best known Northwest brands is on the verge of bond default or bankruptcy according to financial analysts. Gourmet food retailer Harry &amp; David is one of the biggest employers in southern Oregon. It also has a network of anxious suppliers around the region.</p><p> Tue, 15 Mar 2011 22:25:40 +0000 Tom Banse & KPLU News Staff 968 at http://www.kplu.org Ailing retailer Harry & David expected to survive, but shrink