Cosi Files For Bankruptcy
PYMNTS
SEPTEMBER 29, 2016
According to reports, the Boston-based chain has filed for bankruptcy as it looks to restructure its debt load and conduct a sale process. Cosi has been traded on the Nasdaq since 2002 and saw its share price peak at around $40 per share in 2006. We worked very hard to avoid this step,” said Mark Demilio, Cosi’s chairman. “[T]he
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