Business

Cosi relocating from Deerfield to Boston

Posted April 16, 2014 1:01 am

Associated Press

DEERFIELD - Officials with the Cosi sandwich chain say the suburban Chicago company is relocating its headquarters to Boston.

Crain's Chicago Business reports the Deerfield-based restaurant company announced its move Wednesday during a conference call with investors.

Chief Financial Officer William Koziel says the company plans to move June 1. Cosi Inc. has 30 employees at its headquarters, but it's unclear how many jobs will be cut in the move.

Since it was founded in 1996, Cosi has lost almost $300 million, including $$11.4 million in 2013.

R.J. Dourney is a Boston-based franchise owner who became Cosi's CEO in March. He says "it's easier to move the company forward and recruit in Boston than it has been here in Deerfield."

Cosi has more than 120 company-owned and franchise restaurants.

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