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.