PORTLAND (AP) – The Freaky Bean Coffee Co. of Portland, whose quick expansion made it Maine’s largest independent coffee retailer, has filed for bankruptcy and closed its outlets.
The Portland Press Herald reported Wednesday that U.S. Bankruptcy Court filings show that the company owed a total of more than $1 million to dozens of creditors.
Freaky Bean’s growth was due in part to its purchase of Maine Roasters Coffee, which later bought back the business. Freaky Bean had six shops in 2008, including a new store near the newly built Cabela’s in Scarborough.
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Information from: Portland Press Herald, http://www.pressherald.com
AP-ES-04-08-09 1758EDT
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