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State, local officials respond to Vermont Bread closing


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BRATTLEBORO — State and local officials are mobilizing efforts to stave off the negative impact of Koffee Kup’s decision to shutter its Vermont operations, including the closure of its Brattleboro subsidiary, Vermont Bread Company, that eliminated more than 90 local jobs.
The closures were announced suddenly on Monday.
According to a Tuesday news release from Dorset Partners, which specializes in “turnaround management and acquisitions,” Koffee Kup had been struggling to make ends meet for the past four years.
“For each of the last four years Koffee Kup has suffered substantial financial losses and was unable to find a way out of their troubles,” states the news release, which came from Jeff Sands, a “turnaround” specialist at Dorset Partners and the senior advisor in North America for American Industrial Acquisition Corporation, which acquired a majority of the shares of ....

New York , United States , Puerto Rico , South Carolina , Fulton County , Phil Scott , Christina Ramirez , Adam Grinold , Jeff Sands , Michael Harrington , Koffee Kup , Tim Wessel , Michael Pinkowski , Eric Blom , Avara Pharmaceutical Services , Vermont Bread Company , Vermont Department Of Labor , Department Of Labor , Brattleboro Development Credit Corporation , Workforce Development , Department Of Labor Workforce Development , Arnprior Aerospace , American Industrial Acquisition Corporation , Key Bank , Dorset Partners , North America ,

'Four years of losses' led to Vermont Bread closure


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BRATTLEBORO — State and local officials are mobilizing efforts to stave off the negative impact of Koffee Kup’s decision to shutter its Vermont operations, including the closure of its Brattleboro subsidiary, Vermont Bread Company, that eliminated more than 90 local jobs.
The closures were announced suddenly on Monday.
According to a Tuesday news release from Dorset Partners, which specializes in “turnaround management and acquisitions,” Koffee Kup had been struggling to make ends meet for the past four years.
“For each of the last four years Koffee Kup has suffered substantial financial losses and was unable to find a way out of their troubles,” states the news release, which came from Jeff Sands, a “turnaround” specialist at Dorset Partners and the senior advisor in North America for American Industrial Acquisition Corporation, which acquired a majority of the shares of ....

New York , United States , Puerto Rico , South Carolina , Fulton County , Phil Scott , Christina Ramirez , Adam Grinold , Jeff Sands , Michael Harrington , Koffee Kup , Tim Wessel , Michael Pinkowski , Eric Blom , Avara Pharmaceutical Services , Vermont Bread Company , Vermont Department Of Labor , Department Of Labor , Brattleboro Development Credit Corporation , Workforce Development , Department Of Labor Workforce Development , Arnprior Aerospace , American Industrial Acquisition Corporation , Key Bank , Dorset Partners , North America ,