Cosi logo

Così lenders agree to pay $6.8M for chain

Filings show steep sales decline in August pushed struggling company over the edge

Weakening sales over the spring and summer drained Così Inc. of the last of its cash reserves and culminated in this week’s bankruptcy filing and the abrupt closure of nearly a quarter of the chain’s store base.

Court documents filed in the action this week paint a bleak picture of the company’s financial condition and a scramble by board members and management to avoid a full shutdown without seeking debt protection.

A group of the company’s

Register to view the full article

Register to view this article

Already a member? .

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish