Underperforming Coco’s and Carrows restaurants shuttered

Underperforming Coco’s and Carrows restaurants shuttered

New owner Food Management Partners says closures necessary for sustainability

An undisclosed number of Coco’s Bakery and Carrows restaurants closed this week, as the acquisition of the two family-dining concepts by Food Management Partners was completed, the company said Thursday.

Rumors of layoffs and restaurant closures began to circulate on Wednesday, and FMP officials confirmed Thursday in a statement that restaurant closings are part of the company’s plan, but they did not confirm the number of units impacted or any other details.

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