Dive Summary:
- While Dempsey's bid was more than $1 million dollars less than the combined efforts of the Starbucks-Agrinurture Partnership, the late bid on Tully's Coffee was over ruled on Friday, with the final winning bid of $9.2 million dollars by the Hollywood superstar.
- A main factor in the win for Dempsey is the likelihood that he will maintain the company as its already established namesake, whereas the Starbucks-Agrinurture alliance wanted to operate half of the shops as Starbucks and under said ownership, while the other half would function as Tully's with Agrinurture maintaining ownership of that half.
- CEO of Tully's Coffee, Scott Pearson, feels the sale is a step forward for the struggling company after accepting Dempsey's bid, while the actor maintains there is room for both Tully's and Starbucks in the Seatle area where both companies are based.
From the article:
"...Dempsey – dubbed "McDreamy" in the hospital drama "Grey's Anatomy" – had claimed victory last week after bidding concluded, but a company that teamed up with Starbucks to make an offer for Tully's filed an objection.
AgriNurture Inc. had said it was still willing to proceed with its combined bid with Starbucks Corp..."
