Baristas Coffee Co. announced yesterday that it has made a bid to purchase the assets of TC Global, doing business as Tully's, out of bankruptcy, according to Daily Finance yesterday. Tully's is a coffeehouse chain with more than 100 company-owned and franchised locations throughout the western United States. Baristas CEO Barry Henthorn said that his company's offer enjoys both "emotional and financial" support from Tully's existing shareholders "and many other members of the community" and expressed confidence that Baristas will be the winning bid. A bankruptcy court will conduct a hearing on bids for Tully's assets on Jan. 11.
