Business & Tech
Reston Cosi Shuts Down Amid National Chain's Bankruptcy
The chain is shutting down 40 percent of its restaurants, and the Reston Town Center location appears to be one of them.
RESTON, VA — The Cosi at Reston Town Center appears to be no more after the national chain announced recently it was filing for bankruptcy.
The Cosi had been located at 11909 Democracy Drive, but the Cosi website has removed the restaurant from its directory and phone calls to the restaurant went unanswered.
The fast-casual restaurant chain filed for Chapter 11 bankruptcy protection on Wednesday after years of losses in the millions of dollars.
Find out what's happening in Restonfor free with the latest updates from Patch.
The Boston-based chain employs 1,100 people and listed $31.2 million in assets and $19.8 million in debts, according to a report.
Cosi decided to shut down 29 of its 74 company-owned locations, with 31 franchised restaurants remaining open.
Find out what's happening in Restonfor free with the latest updates from Patch.
Image via Cosi
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