Following its filing of Chapter 11 bankruptcy, the fast-casual restaurant chain Cosi is on the hunt for a bidder to purchase the company’s assets. Changes could come soon, as bids will be accepted starting October 20, and all offers must be submitted by mid-November, the Boston Business Journal reported.
Cosi filed for bankruptcy at the end of September, as previously reported, closing 29 locations at the time. The company has its headquarters at 294 Washington St. in downtown Boston, and it has 76 remaining restaurants in operation (45 company-owned and 31 franchised locations).
Cosi has also been delisted from the NASDAQ stock exchange amid these changes, but it is moving forward with the announcement of this bidding process. The fast-casual restaurants are known for flatbread pizzas along with sandwiches, salads, and more.
• After Bankruptcy and Delisting, Cosi Offers All Assets for Sale [BBJ]
• Cosi Files for Bankruptcy and Closes 29 Locations [EBOS]