Tuesday, August 23, 2016

Cosi fires CEO as struggles persist at fast-casual chain

Cosi Inc., the Boston-based fast-casual restaurant chain, said Monday that it had fired its CEO amid declining sales, continuing losses and a declining share price.

The company has 76-company-owned and 31 franchisee-owned stores in 16 states: Washington, D.C.; the United Arab Emirates; and Costa Rica. The company closed two company-owned restaurants in Michigan and Maryland during the past few months.. . . more

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