June 7, 2011
Stumptown in the News

An aggregate of stories on Stumptown and TSG Consumer Partners.

New York Times: Yesterday’s post in the Diner’s Journal looks at TSG’s interest in Blue Bottle, la Colombe, Counter Culture and Joe, and that TSG might have taken a 90% stake in Stumptown; it’s an update of last week’s post.

Wilamette Week: First posted the news that TSG might have taken 90% stake in Stumptown; also was first to draw a connection between TSG and Stumptown, and to quote Stumptown representatives.

KGW: a news segment from a Portland television station that asked locals if they will keep drinking, and asked experts what it will mean for the city’s economy.

Business Journals: The International Business Times is taking note (and filing the stories under “Luxury & Brands”), as is the Portland Business Journal (will the influx of capital help Portland? what is TSG’s track record?) and the San Francisco Business Times.

The Elsewhere: Eater PDX posted three pieces (so far) under the tag Stumptowngate 2011, Eater.com muses about the buying spree, Oregon Live wonders what “own” means, the Village Voice tries to sort it out (and tosses in the news of new Blue Bottle locations opening in New York), the New York Press asks the obvious, Gothamist looses it, and Sprudge.com calls it the “Story that Won’t Die.”

And there’s the post that started it all, Todd Carmichael’s column for Esquire.com.

- Oliver Strand

May 31, 2011
He Said, They Said

The internets are burning up with the rumor that Stumptown was sold to a private equity firm a private equity firm bought a stake in Stumptown. Earlier today Todd Carmichael, the man behind la Colombe, wrote in a blog post for Esiqure.com titled “The End of Stumptown, America’s Hippest Coffee Brand,” that Duane Sorenson, Stumptown’s founder, “sold his life’s work to the highest bidder.”

Then Ben Waterhouse of the Wilamette Week blogged Carmichael’s story, and added some sleuthing of his own. He writes: “On April 28, Stumptown Coffee Corp., a foreign business corporation (that is, a business based outside of the state of Oregon), filed an “application for authority.” Stumptown Coffee Corp is a distinct entity from Stumptown Coffee Roasters, the Oregon corporation registered to the company’s founder, Duane Sorenson, since 2000. It lists as its president and secretary Alexander S Panos, with the address of Stumptown’s headquarters on Southeast Division Street.”

He notes that Panos is a part of “TSG Consumer Partners, a private equity firm with investments in Vitamin Water and Voss of Norway, among many other companies.”

Now Eater.com PDX is aggregating, ditto Grub Street NY, while Sprudge.com tries to get to the bottom of it.

So far nothing has been confirmed or denied by Stumptown.

Stay tuned…

- Oliver Strand

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