SEATTLE Tully’s Coffee Corp. has hired investment banking firm D.A. Davidson & Co. to explore “strategic alternatives” that could include a sale of the struggling 142-unit chain. The move follows a management restructuring last month, during which Carl Pennington Sr., a former grocery chain executive, was named president. Pennington replaced John Buller, who resigned along with chief executive and chief financial officer Kristopher Galvin.Tully’s has posted operating losses for each ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to NRN we ask that you register now. We promise it will only take a few minutes!
Questions about your account or how to access content?