How the owner of several well-known Portland brands ran into trouble
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A bunch of well-known Northwest brands – like Bamboo Sushi, Sizzle Pie, Water Avenue Coffee and Rudy’s Barbershops – were bought up during the pandemic by Sortis Holdings, a company that positioned itself as a savior for businesses that were struggling.
But now, Sortis Holdings has had to call off a big transaction, disputes over unpaid bills have spilled into courts, and it’s laying off staff.
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How the owner of several well-known Portland brands ran into trouble