Restaurant chain Cosi Inc. filed for Chapter 11 bankruptcy on Monday and outlined a plan to focus on its catering business while operating a smaller network of brick-and-mortar restaurants.
‘It is one of several Cosi locations to abruptly close this week, as the struggling fast casual food chain contended with a wide range of financial issues in the late 2010s. In 2016, after firing its CEO, the restaurant’s corporate owners filed for bankruptcy and closed dozens of stores in the wake of the announcement.
Cosi appears to have put itself up for sale, according to a source with knowledge of the situation. The company did not respond to a request for comment Friday. For Cosi , the closures continue a steep, yearslong decline. Considered a hot concept in the late 1990s, the company operated 151 locations at the end of 2008.
Cosi – CLOSED – Takeout & Delivery – 68 Photos & 46 Reviews – Sandwiches – 385 W Main St, Avon , CT – Restaurant Reviews – Phone Number – Yelp.
20 November 2020