foodfirst global restaurants
Sign up for a free account to get access to data on case creditors, search for cases, and more. FoodFirst Global Restaurants Inc., the parent of the Italian restaurant chains Brio and Bravo, has two potential buyers willing to acquire some of its assets out of bankruptcy. 400 West Washington Street, Suite 1100 . Shuker & Dorris, P.A. Fax : (407) 337-2060 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. /sites/all/themes/penton_subtheme_nrn/images/logos/footer.png. For all intents and purposes, it became survival of the fittest. But I can get my daughters meds and supplies. But, now that might change, as consumers learn to rely on them for quality takeout. Two other interested parties dropped out of the pursuit of an acquisition at that time, according to the court filings. The bankruptcy came after the companywhich oversees Brio Tuscan Grille and Bravo Italian Kitchenclosed 71 of its 92 U.S. locations in March, and furloughed . FoodFirst Global Restaurants #5940 of 8485 places to eat in Columbus. Bon Vie's parent company, FoodFirst Global Restaurants, filed for bankruptcy in April. Members help make our journalism possible. 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. Foodfirst Global Restaurants Email, Phone Number, Employees, Competitors. The announcement comes after the company closed 71 of its 92 U.S. locations in March, and furloughed 6,000 employees, with open stores using a limited carryout and delivery model. The parent of the Brio Italian Mediterranean and Bravo Fresh Italian casual chains has filed for Chapter 11 bankruptcy protection and raised the possibility of seeking a buyer after closing 71 of its 92 remaining restaurants. Estimated sales for both brands was $366.1 million in 2018, down from reported sales of $405.3 million in 2017, according to NRNs Top 200 census. The parties also discussed a debtor-in-possession loan from EE, with the stated understanding that the arrangements would likely lead to EEs acquisition of FoodFirst. 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. From 2006 to 2010, the restaurants underwent aggressive expansion and reached 85 units. In order to save jobs and the viable Restaurants it will be necessary to pursue a company sale and an accompanying Management Services agreement.. Already a member? FoodFirst Global Restaurants, Inc. Associated Cases. Both chains are owned by the same parent company, FoodFirst Global Restaurants. Layt was brought in for a restructuring. COLUMBUS, OHIO Restaurateur Bradley D. Blum and investment firm GP Investments, Ltd. have come together to form a new restaurant company, FoodFirst Global Restaurants, Inc. FoodFirsts goal is to be a progressive, relevant, diverse and highly successful restaurant company for the 21st century, the company said. But the company will also new brands from statch as well as look for acquisitions to add to the group down the road. FoodFirst now plans to refresh the brands. (407) 337-2060 The goal is first to rebrand both Bravo and Brio, [] Antonio Bonchristiano, chairman of FoodFirsts board and CEO of principal backer GP Investments, described the impact of the COVID-19 crisis as irreversible.GP is the parent of the Leon natural foods quick-service chain. We use cookies to provide you with a better experience. FoodFirst purchased the Bravo and Brio Italian chains in 2018 for hundred dollars million. FoodFirst Global Restaurants, parent of BRAVO Cucina Italiana and BRIO Tuscan Grille, filed for bankruptcy April 10due to the negative effects of the COVID-19 pandemic. Tradues em contexto de "GP Investments has raised" en ingls-portugus da Reverso Context : Since its founding in 1993, GP Investments has raised $5 billion from investors worldwide and has completed investments in more than 50 companies and has executed over 20 equity capital market transactions. 4. The former is more upscale than its sister concept. FoodFirst Global Restaurants is Restaurants and Bars business from United States that founded in 1987 (35 years old in 2022), FoodFirst Global Restaurants business is focusing on Food Quality. The two sides preliminarily agreed to a management agreement and debtor-in-possession loan with the assumption that a sale would have to go through a Chapter 11 bankruptcy proceeding. Foodfirst Global Restaurants, Inc. Brio and Bravo operate 110 locations in 32 states across the country and reported annual sales of more than $400 million in 2017. The COVID-19 outbreak truly could not have come at a worse time for our business, he said in a statement. 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. We will set up our diverse employee teams for success, starting with the critical importance of having superior restaurant general managers who are well trained leaders. The phone number for FoodFirst Global Restaurants is (614) 326-7944. GP is also the lead investor in LEON Naturally Fast Food, a restaurant company based in London that will soon be introduced to the United States, GP said. Winsight is a leading B2B information services company focused on the food and beverage industry, providing insight and market intelligence to business leaders in every channel consumers buy food and beverage convenience stores, grocery retailing, restaurants and noncommercial foodservice through media, events, data products, advisory services, and trade shows. We will do this by relentlessly focusing on the quality of the food, improving the menu, sharpening the operations, remodeling the restaurants and delivering a highly differentiated guest experience, Mr. Blum said. This harmonious blend of classic and contemporary also extends to Klaus Erfort's cuisine. The latest from Restaurant Business, sent straight to your inbox. Related: FoodFirst Global Restaurants, parent to Brio Tuscan Grille and Bravo Cucina Italiana, names Steve Layt CEO. 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. Registered in England and Wales. Give a gift that will have them saying Bravo! In order to save jobs and the viable restaurants it will be necessary to pursue a company sale and an accompanying management services agreement.. Uno to sell frozen pizza business to Great Kitchens Food Co. Red Robin's recovery gets off to a fast start. It will be called Brio Italian Mediterranean. Steve Layt as the companys new chief executive officer. Re: Emergency Motion to Reject Unexpired Leases of Non-Residential Real Property Nunc Pro Tunc to the Petition Date (Emergency Relief Requested) Doc. By continuing to browse the site you are agreeing to our use of cookies in accordance with our. Court documents reveal that Earls Earl Enterprises (EE) approached FoodFirst around the time of the filing with an offer to manage the brands. Among his assignments is determining whether a sale of FoodFirst would be a better option than a liquidation. Related: Full-service same-store sales down an average 74%, Black Box says. Earl Enterprises has acquired a minimum of 45 leases from FoodFirst Global Restaurants, chairman Robert Earl said, but he is hopeful that number ends up being considerably higher. Orlando, FL 32801 George C Young Federal Building Prior to the coronavirus crisis, Layt said carryout and delivery were not a key part of the brands growth strategy. Sign up to receive texts from Restaurant Business on news and insights that matter to your brand. The documents reveal that FoodFirst Global Restaurants Inc., the corporate parent of Bravo and Brio restaurants, is asking a federal bankruptcy judge's permission to sell "at least 45" of the approximately 100 Brio and Bravo restaurants across the country in a private sale. The goal is first to rebrand both Bravo and Brio, wich they plan to grow as polished-casual concepts. Italian Kitchen from FoodFirst Global Restaurants, Inc. Financial terms of the transaction were not disclosed. 121 South Orange Avenue, Suite 1120 FoodFirst Global CEO Steve Layt was about to launch a bullish turnaround for each brand then the rug got pulled with the coronavirus outbreak, he tells NRN, 2023 Informa USA, Inc., All rights reserved, 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, FoodFirst Global Restaurants, parent to Brio Tuscan Grille and Bravo Cucina Italiana, names Steve Layt CEO, Full-service same-store sales down an average 74%, Black Box says, the National Restaurant Associationsaid about 3 million, Allowed HTML tags:

. Office of the United States Trustee GP Investments and Restaurateur Bradley D. Blum have formed a new restaurant company, FoodFirst Global Restaurants Inc. The best choice for customized playlists for restaurants, Built upon our French heritage, Bel Brands USA works hard to complement the. 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Club Shenanigans #6067 of 8485 places to eat in Columbus. This case has no creditors listed. So It Redesigned Its Iconic Can. Follow this case and receive case update emails for the life of this case for a one-time fee of $39.95. 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, the parent company of Brio Tuscan Grille and Bravo Cucina Italiana, has temporarily closed 71 of its 92 locations in the U.S. due to the COVID-19 crisis. purchase this single case. The deal is subject to the approval of the bankruptcy court overseeing the operation of the chains parent, FoodFirst Global Restaurants. As an organization. Shutterstock. I would expect those that werent using carryout [before] will be more loyal around that business.. At the time, 10 locations had closed in early January and more were under review. Layt, left, is a 30-year restaurant veteran who previously worked as president and CEO NPC International, the nations largest Pizza Hut franchisee, FoodFirst said. But the court papers state that the assets of Brio and Bravo covered in the deal are unlikely to fetch more cash. 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. FOODFIRST GLOBAL RESTAURANTS, INC. is an Alabama Foreign Corporation filed on July 25, 2001. They are our most profitable restaurants, and the ones that had the best chance to break even during the crisis, Layt told Nations Restaurant News during an exclusive phone interview. The company's principal . Earlier in his career, Mr. Blum was chief marketing officer for Cereal Partners Worldwide and held various marketing and management positions at General Mills, Inc. Brazil-based GP Investments restaurant industry experience includes ownership of the Fogo De Chao brand, which it expanded into the United States. Helpful Report 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 Company Number F99000002961 Status Active Incorporation Date 11 June 1999 (over 23 years ago) Company Type Foreign for Profit Jurisdiction Florida (US) Branch Branch of FOODFIRST GLOBAL RESTAURANTS, INC. (Ohio (US)) Agent Name Michael Neukamm 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. An Alabama Foreign Corporation filed on July 25, 2001 Kitchen from FoodFirst Restaurants! To the group down the road Italiana, names Steve Layt as the companys new chief executive officer an Management. From statch as well as look for acquisitions to add to the court filings Business, said! Cases, and more that it has completed the asset acquisition of Brio and Bravo covered the... Expansion and reached 85 units a statement use cookies to provide you a. Global Restaurants is ( 614 ) 326-7944 and reached 85 units court overseeing the operation of the bankruptcy overseeing... Former is more upscale than its sister concept the same parent company, FoodFirst Global Email... 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