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After 13 months of crisis, Blue Star Donuts lives on Updated 7:46 AM; Today 6:34 AM Blue Star Donuts celebrates a pre-pandemic grand opening of its store in Northwest Portland. When the virus hit, the chain s sales went to zero. Thirteen months later, Blue Star is still alive. Dave Killen / staff LC- The OregonainLC- The Oregonain Facebook Share When explaining the wreckage caused by the pandemic, Portland doughnut purveyor Katie Poppe trots out the old fable about the cow, the buffalo and the thunderstorm. The cow, meek and not overly intelligent, runs from the storm, succeeding only in prolonging its time in the soaking rain and lightning. ....
Share this article Share this article PORTLAND, Ore., Jan. 11, 2021 /PRNewswire/ Sortis Holdings, Inc., (OTC: SOHI), finalized its investment in Blue Star Donuts as the plan sponsor out of Chapter 11 bankruptcy. Blue Star Founder and CEO Katie Poppe will continue as CEO of the restructured company. Forced to close temporarily during COVID-19 nationwide shutdowns, Blue Star filed for bankruptcy protection in September 2020 with Sortis on board guiding the company through bankruptcy proceedings. The company s lawyer Mr. Oren Haker says, Blue Star s bankruptcy filing included the use of a subchapter of chapter 11 focused on small businesses which came into effect in February 2020. ....