|Industry||Fast casual restaurant|
|Founded||New York City, United States (1996)|
Mountainside, New Jersey,
Number of locations
|20 (November 2020)|
Così, based in Boston, Massachusetts, is an American fast-casual restaurant chain that is known for its homemade flatbread. The name comes from the opera Così fan tutte, which was a favorite of the original owner. As of November 2020, the company operated 20 locations in New York, Washington D.C., Virginia, Pennsylvania, Massachusetts, Connecticut, Illinois, Indiana, and Ohio, down from 66 at the beginning of the year. The chain filed for Chapter 11 bankruptcy in February 2020.
In October 1999, Così merged with Xando (formerly ZuZu).
In March 2014, Così's largest and most successful franchisee, RJ Dourney was voted by Così's board of directors to the position of CEO and Director and Così announced it was moving its corporate headquarters from Deerfield, Illinois to Boston, Massachusetts. However, in August 2016, CEO RJ Dourney was fired. That same year, the company filed for Chapter 11 Bankruptcy reorganization and closed stores. As a result of the bankruptcy filing, the company's shares were de-listed from the NASDAQ. Cosi also sought buyers for "substantially all of its assets."
In May 2017, the company emerged from bankruptcy under the ownership of MILFAM II L.P., AB Value Partners, LP, AB Value Management LLC and AB Opportunity Fund LLC. However, on February 25, 2020, Così once again filed for Chapter 11 bankruptcy after closing several locations.
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- Lalley, Heather (25 February 2020). "COSI FILES FOR BANKRUPTCY PROTECTION, HAS CLOSED 30 UNITS". Restaurant Business.
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- MacArthur, Kate (February 26, 2011). "After one profitable quarter in eight years, can CEO of Così sandwich shops do it again?". Crain's Chicago Business. Retrieved 4 April 2015.