Law360 (April 13, 2020, 12:27 PM EDT) -- FoodFirst Global Restaurants Inc., which owns a pair of Italian eatery chains with more than 100 locations, will open its Chapter 11 case Tuesday in. 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That turnaround process was interrupted by the COVID-19 pandemic, forcing the bankruptcy. You will be notified in advance of any changes in rate or terms. Shuker & Dorris, P.A. Close. We took the company private so we could invest in the company. This harmonious blend of classic and contemporary also extends to Klaus Erfort's cuisine. Related: Full-service same-store sales down an average 74%, Black Box says. (ADIclerk) (Entered: 04/10/2020), Receipt of Filing Fee for Voluntary Petition (Chapter 11)(6:20-bk-02159) [misc,volp11a2] (1717.00). | FoodFirst Global Restaurants is the parents company of Bravo Fresh Italian and Brio Mediterranean Italian. (407) 648-6301 FoodFirst, which formed which formed in 2018 after the brands went private earlier that year, said Layts first priorities will be to deliver outstanding operational excellence and customer service to guests. 400 West Washington Street, Suite 1100 Find Assistant Managers and bring them on board. GP provided the funding. It would be impossible to guess, but certainly theres a strong chance not all of them will reopen based on how long this process lasts, he said. Sign up for a free account to get access to data on case creditors, search for cases, and more. The COVID-19 outbreak could not have come at a worse time for the company, Layt said. Orlando, FL-based restaurant operator Earl Enterprises announced June 11 that it has completed the asset acquisition of Brio Italian Grille and Bravo! FOODFIRST GLOBAL RESTAURANTS, INC. is an Arizona Foreign For-Profit (Business) Corporation filed on April 4, 2008. Everyone was feeling bullish about the future, he said. Brio and Bravo operate 110 . Italian Kitchen from FoodFirst Global Restaurants, also based in Orlando.The purchase price is reported to be about $30 million. The company said Blumwill remain an owner-partner as the company plans to reposition both casual dining brands. 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Fax : (407) 337-2050 Only 28 of FoodFirst's nearly 100 units are operating amid the COVID pandemic. The business' former parent company, FoodFirst Global Restaurants Inc., filed for Chapter 11 bankruptcy protection in April 2020 following months-long troubles related to labor costs, worker . GP had been the source of financing of Brio and Bravos purchase in May 2018. A belief in the greater good of education. Belgian bakery chain Le Pain Quotidienagreed to sell its U.S. assets to restaurant operator Aurify Brands for $3 million Southern fast-food chain Krystal agreed to a nearly $50 million offer fromFortress Investment Group. Salaries for the Operational Excellence Coach will be influenced by many factors. Shutterstock. The fare is prepared in the kitchens of other Earl concepts, primarily Buca di Beppo, a family-style Italian concept that does little lunch business. Blum focused on revising the brands menus, improving food quality, renovating stores and upgrading operations. 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After the bankruptcy filing, PHL Holdings, an entity jointly owned by GP Investments and Earl Enterprises, purchased $30 million in prepetition secured debt from two of FoodFirsts lenders. FoodFirst Global Restaurants (formerly Bravo Brio Restaurant Group) is the parent company of the Bravo! Lines and paragraphs break automatically. The lawsuit said there are more than 70 stores with leases expiring between 2021 and 2028 and about 20 units with expiring leases in 2020. FoodFirst formed in May 2018 after private equity firm GP Investments Ltd. acquired Bravo and Brio earlier that year. Get todays need-to-know restaurant industry intelligence. [2] Brio specializes in Northern Italian cuisine including bruschetta, pizza, pasta, steaks, seafood, soup and salad. As owner-partners, we place our confidence in his leadership and that of his team. To see the entire docket, Email:jill.kelso@usdoj.gov. About Us. The company has cited both economic hardship prior to the . It has since emerged from bankruptcy, after closing most of its restaurants, including Bon Vie. FoodFirst Global Restaurants Feb 2017 - Jul 2018 1 year 6 months. Cucina Italiana and Brio Tuscan Grille restaurant chains in the United States. Stores that remain open have also been impacted as only managers are running the 21 restaurants. Related: Bravo Brios new parent launches FoodFirst Global Restaurants Inc. I would like to personally thank Brad for his outstanding leadership and contribution in setting up the foundation for FoodFirsts success, Antonio Bonchristiano, CEO of GP Investments, FoodFirsts main investor, said in a statement. Roughly 21 Bravo and Brio casual dining brands remain open, serving carryout deals for customers during the coronavirus crisis. Temporarily closing the majority of our restaurants was heartbreaking but necessary to conserve our financial resources in the immediate term," Layt said in a statement. Follow View all 781 employees About us FoodFirst Global Restaurants is the parents. FoodFirst filed for Chapter 11 bankruptcy protection in early April after. Mr. Blum has extensive restaurant industry experience, including serving as a board director for Darden Restaurants, Inc. and a board director, strategic partner and investor in LEON Restaurants. The restaurant industry veteran replaces Brad Blum as FoodFirst plans to reposition both casual dining brands, 2023 Informa USA, Inc., All rights reserved, FoodFirst Global Restaurants, the parent company of Brio Tuscan Grille and Bravo Cucina Italiana, has named. FoodFirst Global Restaurants is the parent company of Brio Italian Mediterranean and Bravo Cucina Italiana. But, now that might change, as consumers learn to rely on them for quality takeout. Denny's raises over $1.2 million to fight childhood hunger in 12th annual No Kid Hungry fundraiser, Bojangles names Tom Boland as new chief marketing officer, Baskin-Robbins rolls out chicken-and-waffle flavored ice cream, Nations Restaurant News launches new CREATE Roadshow event series, San Diegos Trust Restaurant Group drives retention, innovation with culture of yes, Tech Tracker: Restaurant QR codes are evolving and so should yours. Already a member? Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. FoodFirst Global Restaurants, Inc. COURT Florida Middle Bankruptcy Court CASE NUMBER 6:2020bk02159 TYPE / CHAPTER Voluntary / 11 Actions Subscribe to this case Filed 4-10-20 Updated 4-13-20 Last Checked 5-6-20 Assets Subscribe Liabilities Subscribe Docket Case Info rmation Creditors Parties Nearby Cases Docket Last Updated Apr 13, 2020 CEO and principal, Wendy's wants to open more restaurants, just not in ghost kitchens. BRAVO first opened in 1992 while BRIO was founded five years later. Orlando, Florida A new restaurant company - FoodFirst Global Restaurants, Inc. - was formed on May 24, 2018. A class-action lawsuit filed in Missouri involved 8,000+ former and current employees and the Company settled the case for $4 million. FoodFirst Global Restaurants | 830 followers on LinkedIn. Web page addresses and e-mail addresses turn into links automatically. We havent been able to get the big guys to do much work with us, Layt said about aggregator commission fees, which can often reach up to 30%. FoodFirst Global Restaurants (formerly Bravo Brio Restaurant Group) is the parent company of the Bravo!Cucina Italiana and Brio Tuscan Grille restaurant chains in the United States. If restaurants are forced to keep dine-in operations shuttered for a long period time, Layt said some might never reopen. Last week, a bankruptcy court approved the $93 million acquisition of Craftworks Holdings, parent of Logans Roadhouse and other full-service concepts, by its lead lender, FoodFirst filed for Chapter 11 protection on April 10, replaced in that position by former Applebee's president Steve Layt, Wendy's wants to open more restaurants, just not in ghost kitchens. After the bankruptcy filing, the investment firm GP Investments joined forces with EE to purchase $30 million of notes held against FoodFirsts assets by two of its lenders. FoodFirst Global Restaurants, already struggling and closing restaurants, filed for bankruptcy protection in April. The best choice for customized playlists for restaurants. The operator of Planet Hollywood and Buca di Beppo is paying just $50,000 in cash for FoodFirst Global Restaurants. Copyright 2011-2023 BusinessBankruptcies.com. It reported revenue of $307 million in 2019, that had been below airers4you's expectations. Related: FoodFirst Global Restaurants, parent to Brio Tuscan Grille and Bravo Cucina Italiana, names Steve Layt CEO. Do not sell my personal infoPrivacy PolicyContact UsRSS, Brio and Bravo parent files for Chapter 11 bankruptcy after closing 71 units, Management of the company, FoodFirst Global Restaurants, said the chains had been struggling with sales and profit declines before the COVID-19 pandemic. ORANGE-FL Spring-time offerings bring limited-edition partnerships. Customer Service. FoodFirst Global Restaurants, Inc. Bankruptcy (6:20-bk-02159), Florida Middle Bankruptcy Court, Filed: 04/10/2020 - PacerMonitor Mobile Federal and Bankruptcy Court PACER Dockets Candidates give an average difficulty score of 2.3 out of 5 (where 5 is the highest level of difficulty) for their job interview at FoodFirst Global Restaurants. . The mandated dining room closure orders wiped out 60% of our restaurants within days and since then we have experienced nothing short of devastating sales declines., FoodFirst and its investors left open the possibility of further closures. FoodFirst Global Restaurants, the parent company of Brio and Bravo restaurants, filed for Chapter 11 bankruptcy protection in April 2020 and temporarily closed over 70 of its more than 92 locations. Number of U.S. The goal is first to rebrand both Bravo and Brio, wich they plan to grow as polished-casual concepts. The Operational Excellence Coach I salary range is $36,558 to $48,807 in Grand Forks, North Dakota. LinkedIn Email Finder Find emails from LinkedIn. Get todays need-to-know restaurant industry intelligence. Casual dining brand Bravo Cucina Italiana will also be repositioned and renamed Bravo Italian Mediterranean, the company said. Bravo Brios new parent launches FoodFirst Global Restaurants Inc. 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