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Patrick Dempsey's purchase of Tully's Coffee appears successful

4:07 PM, Jan 4, 2013   |    comments
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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.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Associated Press

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