Following rapidly worsening sales losses in the fourth quarter and fiscal 2013, Così Inc. said it would seek options for “a financing transaction with one of its large shareholders,” which could include the sale of company-owned restaurants to franchisees or other third parties, further reductions in general and administrative expenses, or other sources of third-party financing. While same-store sales fell 5.1 percent and 1.8 percent at company-owned and franchised ...
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