http://www.insidebayarea.com/bay-area-news/ci_21749930/tullys-coffee-files-bankruptcy-close-some-stores
The parent company of Tully's Coffee has filed for Chapter 11 bankruptcy protection and will close nine stores this Sunday.
TC
Global filed for bankruptcy protection Wednesday to help eliminate some
costs that are keeping the company from being profitable. The
Seattle-based coffee chain has long struggled under the shadow of
Starbucks.
It said it is struggling with lease obligations,
commodity costs and underperforming stores. The company has more than
$3.7 million in debt, according to its court filing.
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