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71984Industry_News193171752/Articles/Industry_NewsNews Updates
43572005BNP_GUID_9-5-2006_A_1000000000000026262318622821862282BNP_GUID_9-5-2006_A_100000000000002594565142008 February120184200000012029652000004100145541001455BNP_GUID_9-5-2006_A_10000000000000259467NPM_200802.jpg/NPM/Home/Images/NPM_200802.jpgDEVELOPMENT: Corporate Action: Tully's forms Asia joint ventureDEVELOPMENT-Corporate-Action-Tully-s-forms-Asia-joint-venture1202841900000Tully’s Coffee Corp.(Tully’s) announced that it has established a new joint venture for development of the Tully’s business in Asia and that it has settled the lawsuit with its former licensee for Asia.false3629215725323BNP_GUID_9-5-2006_A_10000000000000262658435720050Tully’s Coffee Corp.(Tully’s) announced that it has established a new joint venture for development of the Tully’s business in Asia and that it has settled the lawsuit with its former licensee for Asia.On Jan. 7, 2008, Tully’s Coffee Asia Pacific Inc. (TCAP), a wholly-owned subsidiary of Tully’s, and Asia Food Culture Management Pte Ltd. (AFCM) entered into a limited partnership agreement that established a new joint venture called Tully’s Coffee Asia Pacific Partners LP (Tully’s Coffee Asia). The new joint venture will seek to develop the Tully’s brand in Asia (excluding Japan), Australia and New Zealand through franchising and licensing activities, retail store operations, coffee roasting, wholesale distribution and other business activities. AFCM is a newly established enterprise managed by Mr. Kouta Matsuda, the founder and former chief executive officer of Tully’s Coffee Japan.
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Tully’s also reported that it has entered into a settlement agreement with UCC Ueshima Coffee Co., Ltd. (UCC) to resolve the litigation between Tully's and UCC related to the 2001 license agreement between the parties.
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<a href="http://www.tullys.com">Tully’s Coffee Corp.</a>871984Industry_News193171752/Articles/Industry_NewsNews Updates
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