Chapter 11 Watch: Cosi Files, But Are Sears, Claire’s Next In Line?
PYMNTS
SEPTEMBER 30, 2016
Cosi, the Boston-based sandwich chain renowned for its flatbread sandwiches, filed for bankruptcy in a Boston courtroom. Cosi now plans to close 29 of its underperforming company-owned stores and has secured $4 million in debtor in possession financing from a string of investors who want to buy the chain out of bankruptcy.
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