Since then, the company has reopened seven more units. Court documents reveal that Earls Earl Enterprises (EE) approached FoodFirst around the time of the filing with an offer to manage the brands. According to court documents, customer satisfaction increased, but labor costs, employee turnover, and a large number of underperforming restaurants sank sales volume and profitability. BRIO and BRAVO! FoodFirst is operating with 120 hourly and salaried employees. [7], On April 10, 2020, FoodFirst Global Holdings Inc. filed for voluntary Chapter 11 bankruptcy protection in the Middle District of Florida. Complaints Foodfirst Global Restaurants, Inc. It will be called Brio Italian Mediterranean. Give a gift that will have them saying Bravo! Email and Phone Finder Software; Free Email Verifier; Features. His diverse teams drive profitability by creating a great culture, focusing on the food, achieving operations excellence, consistently offering an enjoyable guest experience and providing strong brand communication. George C Young Federal Building . 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 Similar restaurants nearby. Government-mandated closures led to 6,000 furloughs. meat; poultry; chicken; cheese; pork; sandwiches; salads . 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. This case was filed in U.S. Bankruptcy Courts, Florida Middle Bankruptcy. So It Redesigned Its Iconic Can. Copyright 2011-2023 BusinessBankruptcies.com. . (407) 648-6301 In order to save jobs and the viable restaurants it will be necessary to pursue a company sale and an accompanying management services agreement.. Become a Restaurant Business member today and unlock exclusive benefits, including unlimited access to all of our content. Even after states began reopening, as many . [9], "Bravo Brio's new parent launches FoodFirst Global Restaurants Inc", "FoodFirst Global Restaurants, parent to Brio Tuscan Grille and Bravo Cucina Italiana, names Steve Layt CEO". It was established in Columbus, Ohio as Bravo Brio Restaurant Group in 1992 by Rick and Chris Doody in collaboration with Executive Chef Phil Yandolino. Complaints Is this Your Business? Key Principal: Steven R Layt See more contacts Industry: Italian restaurant , American restaurant Printer Friendly View Address: 4700 Millenia Blvd Ste 400 Orlando, FL, 32839-6020 United States See other locations Phone: Website: www.foodfirst.com Employees (this site): Actual Employees (all sites): Actual Revenue: Modelled CEO Steve Layt, a former Pizza Hut executive, took over in late January to right the ship. FoodFirst Global Restaurants is the parent company of Brio Italian Mediterranean and Bravo Cucina Italiana. LinkedIn Email Finder Find emails from LinkedIn. : 6:20-bk-02164-KSJ; 6:20-bk-02165-KSJ; 6:20-bk-02166-KSJ; and 6:20-bk-02167-KSJ Doc, Emergency Motion to Reject Unexpired Leases of Non-Residential Real Property Nunc Pro Tunc to the Petition Date, Preliminary Hearing Scheduled for 04/14/2020 04:00 PM Orlando, FL - Courtroom 6A, 6th Floor, George C. Young Courthouse, 400 W. Washington Street. The new company has already has acquired its first brands - Brio Tuscan Grille and Bravo Cucina Italiana - in a $100 million transaction that closed May 24. In 2018 the Company was sold to Spice Private Equity Ltd. and . As part of the changes, headquarters moved from Columbus, Ohio, to Orlando, Florida, andnew Italian Mediterranean menus were implemented. FoodFirst Global Restaurants already has acquired its first brands Brio Tuscan Grille and Bravo Cucina Italiana in a $100 million transaction that closed May 24. Do not sell my personal infoPrivacy PolicyContact UsRSS, Robert Earl group agrees to buy 45 restaurants from Bravo and Brio's parent in $29M deal. [2] Brio specializes in Northern Italian cuisine including bruschetta, pizza, pasta, steaks, seafood, soup and salad. Blum said he intended to use the two Italian chains as the foundation for a new sort of company that aimed for healthful dining and sustainable operations as means to financial success, and, The deal is the latest example of operators finding opportunity where others see severely distressed concepts. /sites/all/themes/penton_subtheme_nrn/images/logos/footer.png. Initially, the restaurant group consisted of one brand, Bravo Cucina Italiana. The average salary for an Accounting Manager is 81,044 per year in Reading (United States). Salaries for the Operational Excellence Coach will be influenced by many factors. FoodFirsts difficult position prior to the Pandemic makes its current situation even more precarious. (407) 337-2060 Krystal had been operating under bankruptcy protection since January, with $65 million in debt. As owner-partners, we place our confidence in his leadership and that of his team. All rights reserved. The latest from Restaurant Business, sent straight to your inbox. Is this your business? Blum was replaced in that position by former Applebee's president Steve Layt in late January. Were excited to have an operator and executive of Steves caliber join our team and we look forward to all we will achieve under his leadership, Bonchristiano said in a statement. Re: Emergency Motion for Authority to Maintain Pre-Petition Bank Accounts Doc, Preliminary Hearing Scheduled for 04/14/2020 04:00 PM Orlando, FL - Courtroom 6A, 6th Floor, George C. Young Courthouse, 400 W. Washington Street. Successfully Completes Its Initial Public Offering", "Brio and Bravo parent files chapter 11 bakruptcy after closing 71 units", "The week in bankruptcies: FoodFirst Global Restaurants Inc., FoodFirst Global Holdings Inc. and 6 more", "Bravo Brio's financial troubles included wage-suit settlements totaling $5.6 million", https://en.wikipedia.org/w/index.php?title=FoodFirst_Global_Restaurants&oldid=1136438165, This page was last edited on 30 January 2023, at 08:44. In October 2010, BBRG went public and their IPO raised net proceeds of $62.4 million. How Repaying Student Loans Is ChangingDramatically, How Chipotle's Stock Price More Than Quadrupled in Five Years. The operator of Planet Hollywood and Buca di Beppo is paying just $50,000 in cash for FoodFirst Global Restaurants. Foodfirst Global Restaurants Email, Phone Number, Employees, Competitors. The former is more upscale than its sister concept. 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The Judge overseeing this case is Lori V. Vaughan. Where is FoodFirst Global Restaurants located? Bravo! Nation's Restaurant News is part of the Informa Connect Division of Informa PLC. The company has cited both economic hardship prior to the . The COVID-19 outbreak truly could not have come at a worse time for our business, he said in a statement. This inspired partnership that has created FoodFirst Global Restaurants represents an entrepreneurial endeavor with all parties contributing significant capital and professional skill, Mr. Blum said. Brad has a proven track record with multiple restaurant companies, said Antonio Bonchristiano, c.e.o. The deal, approved by a U.S. bankruptcy court judge in Orlando, paved the way for the sale of the assets of Brio owner FoodFirst Global Restaurants Inc. FoodFirst filed for bankruptcy protection . Club Shenanigans #6067 of 8485 places to eat in Columbus. 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