Cosi Inc., a fast casual restaurant chain, filed for its second bankruptcy with plans to cut costs and shift its focus to catering under recent pressure from changing consumer dining habits, Bloomberg News reported. The Boston-based restaurant chain filed for chapter 11 protection in Wilmington, Del., with assets and liabilities between $10 and $50 million, according to court documents. The filing comes after Cosi commenced a restructuring of its operations by closing 30 of its stores in December and increased its emphasis on catering, according to a company statement. It previously sought creditor protection in 2016. Founded in 1998, the company known for its oven-baked flatbread, offers breakfast, lunch and dinner, as well as desserts and catering services. It operates in locations across the U.S. and Costa Rica, with plans to expand in Central America in the future, according to its website.
