Cosi, Inc. Files for Chapter 11 Restructuring

Planned Section 363 Sale Will Improve Company’s Financial Position, Strengthen Brand Boston, MA  (RestaurantNews.com)  Cosi, Inc. (NASDAQ:COSI), the fast-casual restaurant company, today announced that it and its subsidiaries filed voluntary Chapter 11 petitions in the United States Bankruptcy Court for…
Cosi, Inc. Announces Leadership Changes

Chief Financial Officer Resigns Effective September 23, 2016, and Company Terminates CEO Effective Immediately Boston, MA  (RestaurantNews.com)  Così, Inc. (NASDAQ:COSI), the fast casual restaurant company, announced today that, on August 16, 2016, its Chief Financial Officer, Miguel Rossy-Donovan, submitted his…
Così’s New CEO Admits the Service Stinks

Those tasty free bread samples just aren’t luring enough customers to Così (COSI) restaurants. Same-store sales fell 2.7 percent last quarter, reflecting what even top management concedes are the struggling sandwich chain’s many problems and lackluster service. “I think the…

Despite six chief executives since going public in 2002, Così Inc. had yet to make a dime of profit. So when the sandwich chain picked its seventh CEO in a decade this year, directors decided to hedge their bets. For…

Deerfield, IL  (RestaurantNews.com)  Così, Inc. (NASDAQ: COSI), the fast casual restaurant company today, announced the completion of its previously announced rights offering that expired on June 30, 2012. The results indicate that stockholders, including the Company’s officers and outside directors,…

On a morning visit to Cosi at Grand Avenue and Rush Street, CEO Carin Stutz checked out the prep area where salads and sandwiches are made, practiced her Spanish with the baker rolling out dough for afternoon flatbreads, and told…

Deerfield, IL  (RestaurantNews.com)  Così, Inc. (NASDAQ: COSI), the fast casual restaurant company, today announced that it had recently honored its Boston area franchisee, Hearthstone Associates, and its President, RJ Dourney, as its “Franchisee of the Year.” Hearthstone Associates, who has…

Deerfield, IL  (RestaurantNews.com)   Così, Inc. (NASDAQ: COSI), the fast casual restaurant company, today announced that it filed a registration statement on Form S-1 with the Securities and Exchange Commission (the “SEC”) for a rights offering to its existing shareholders.…

Deerfield, IL  (RestaurantNews.com)  Così, Inc. (NASDAQ: COSI), the fast casual restaurant company, today announced that it has entered into a development agreement with a new franchisee, Fast Casual S. A., to develop Così® restaurants in Costa Rica. The agreement calls…

Deerfield, IL  (RestaurantNews.com)  Così, Inc. (NASDAQ: COSI), the fast casual restaurant company, today announced that it has received notice from the Listing Qualifications Department of The Nasdaq Stock Market that the Company has regained compliance with the Nasdaq Listing Standards…

Company to Draw on Blum’s Branding and Marketing Expertise Deerfield, IL  (RestaurantNews.com)  Così, Inc. (NASDAQ: COSI), the fast casual restaurant company, and Brad Blum, owner of BLUM Growth Fund, today entered into an agreement for Blum to provide consulting services…

Carin Stutz, Cosi’s new chief executive, brings more than 30 years of restaurant experience and an abundance of enthusiasm to her new role, both critical attributes in the coming year. The Deerfield-based sandwich chain has been reporting quarterly losses as…

Deerfield, IL  (RestaurantNews.com)  Cosi, Inc. (NASDAQ: COSI), the premium convenience restaurant company, today announced the appointment of Carin L. Stutz as the company’s new Chief Executive Officer and President beginning January 1.   She also will join the Cosi Board of…

Brad Blum, a restaurant industry veteran, is calling for a new board of directors at fast-casual chain Cosi Inc., where he wants to be installed as chief executive. Mr. Blum, who has acquired a roughly 7% stake in Cosi through…

Così, Inc., the premium convenience restaurant company, today announced that its Board of Directors has appointed Chairman of the Board Mark Demilio, 55, as interim Chief Executive Officer of the Company following the resignation of James Hyatt, 54. Mr. Hyatt…

Così, Inc., the premium convenience restaurant company, today reported a net loss for the first quarter ended March 28, 2011 of $(2,140,000), or $(0.04) per basic and diluted common share, compared with a net loss of $(3,054,000), or $(0.06) per…