TC Global Inc., parent to the Tully’s coffee shop brand, said on Wednesday that it has signed an asset purchase agreement with finance group Kachi Partners, which would become the stalking horse bidder in a bankruptcy auction of the coffeehouse chain later this year. Under the deal, TC Global’s assets would be acquired by Jonah Retail Holdings LLC, an entity backed by Boulder, Colo.-based Kachi Partners, and the chain would continue operation under the Tully’s brand. On ...
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Contact: Desiree Torres Desiree.Torres@penton.com