Cosi Signs New Franchisee for Costa Rica

The agreement calls for Fast Casual S.A. to develop five locations over five years beginning with their first location expected to open later this year.

Apr 9, 2012 - 12:34

Così, Inc. (NASDAQ: COSI) announced that it has entered into a development agreement with a new franchisee, Fast Casual S. A., to develop Così restaurants in Costa Rica. The agreement calls for Fast Casual S.A. to develop five locations over five years beginning with their first location expected to open later this year.

“We are excited to be growing the Così® brand again with our new franchise partners, Fast Casual S.A.,” said Carin Stutz, Cosi President and Chief Executive Officer. “I look forward to working with Luis Diego Escalante, Maria Cristina Escalante and their partners to successfully launch Così® in Costa Rica.”

“Costa Rica is a leader in the trend towards healthy eating and we believe the Cosi® brand fits well in this category,” stated Luis Diego Escalante, Principal at Fast Casual S.A. “I am thrilled to be able to introduce an authentic brand like Cosi® to the Costa Rican community where they can experience the unique freshly baked signature flatbread along with the rest of the innovative menu offerings available.”