Cosi to explore strategic alternatives

DEERFIELD Ill. Cosi Inc., the parent of 152 namesake bakery-cafes, said late Thursday its board had formed a special committee of directors to review and evaluate strategic alternatives, which typically means a company is looking to sell or refinance.

Cosi said it has hired North Point Advisors LLC as its financial adviser and Cadwalader, Wickersham & Taft LLP as its legal counsel.

The bakery-cafe brand posted larger losses and

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