The COVID-19 outbreak truly could not have come at a worse time for our business, he said in a statement. The COVID-19 outbreak could not have come at a worse time for the company, Layt said. Eventually, the restaurant group launched a second similar, but more upscale brand, Brio Tuscan Grille. The opportunities for growth and expansion are significant.. 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. Fax : (407) 337-2050 Email:jill.kelso@usdoj.gov. FoodFirst Global Restaurants CEO and chairman Brad Blum (handout from FoodFirst) "These are brands that have been revered in the past, and we studied this and thought this was a terrific buying . In 2018, the company was sold to Spice Private Equity Ltd. and rebranded as FoodFirst Global Restaurants,[1] and is now based in Orlando, Florida. Case DetailsPartiesDocumentsDockets Case Details Case Number: 6:20-BK-02159 BRAVO first opened in 1992 while BRIO was founded five years later. [7], On April 10, 2020, FoodFirst Global Holdings Inc. filed for voluntary Chapter 11 bankruptcy protection in the Middle District of Florida. /sites/all/themes/penton_subtheme_nrn/images/logos/footer.png. However, growth and traffic declined as consumer preference shifted to quick-serve and fast-casual. Management of the company, FoodFirst Global Restaurants, said the chains had been struggling with sales and profit declines before the COVID-19 pandemic. The documents indicate that 29 Brio and Bravos are currently in operation, with another 53 closed restaurants still under lease. 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. Re: Emergency Motion for Joint Administration of Lead Case 6:20-bk-02159-KSJ with 6:20-bk-02161-KSJ; 6:20-bk-02162-KSJ; 6:20-bk-02163-KSJ; CASE NO. We took the company private so we could invest in the company. Respond to any ACA audit questionnaires. This harmonious blend of classic and contemporary also extends to Klaus Erfort's cuisine. Italian Kitchen. Nation's Restaurant News is part of the Informa Connect Division of Informa PLC. Follow View all 781 employees About us FoodFirst Global Restaurants is the parents. Senior data editor Alan Liddle contributed to this report, /sites/all/themes/penton_subtheme_nrn/images/logos/footer.png. 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. The Registered Agent on file for this company is Corporation Service Company Inc and is located at 641 South Lawrence Street, Montgomery, AL 36104. R Scott Shuker Shuker & Dorris, P.A. 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. The latest headlines and features from FSR magazines editors. FoodFirst Global Restaurants is the parent company of Brio Italian Mediterranean and Bravo Cucina Italiana. 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 . 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. Number of U.S. Subscribe for a full year and receive two months free! Brio and Bravo operate 110 locations in 32 states across the country and reported annual sales of more than $400 million in 2017. The company has cited both economic hardship prior to the . 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 was named CEO. Complaints Foodfirst Global Restaurants, Inc. We are delighted that you'd like to resume your subscription. This case was filed in U.S. Bankruptcy Courts, Florida Middle Bankruptcy. The company's principal . Email and Phone Finder Software; Free Email Verifier; Features. The phone number for FoodFirst Global Restaurants is (614) 326-7944. It may not be complete. The chain's previous parent company, FoodFirst Global Restaurants Inc., filed for Chapter 11 bankruptcy protection in April 2020 after struggling for months due to labor costs, employee turnover . Suite 1100 Fifty-three units are still under lease. We cannot wait to add another Cameron Mitchell Restaurant at this very high-profile location overlooking the fountain." Bon Vie closed in early 2020, after its parent company, FoodFirst Global. Purchase this single case for a one-time fee of 39.95 and receive updates for the life of the case. 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 Sweet treats join shelves in new formulations and collaborations. The Board and I are confident Steve is the right leader to build on current momentum and continue to drive our operations towards industry-leading excellence.. 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. This case has no creditors listed. It reported revenue of $307 million in 2019, that had been below airers4you's expectations. FoodFirst, formed in 2018, spent $100 million to purchase and take Brio Tuscan Grille and BRAVO Fresh Italian private, which were later renamed to Brio Italian Mediterranean and BRAVO Fresh Italian, respectively. Already a member? The change is effective immediately, as former CEO and FoodFirst founderBrad Blumhas stepped down from his role as chairman and chief executive, the, Columbus, Ohio-based company said in a statement released Tuesday morning. Number 8860726. Office of the United States Trustee When FoodFirst filed bankruptcy on April 10, it had nearly 100 units in the U.S., but only 21 were in operation due to the COVID-19 pandemic. CEO and principal Brad Blum was replaced with Steve Layt, an industry veteran who had most recently served as CEO of NPC Internationals Pizza Hut operations, one of the pizza chains largest franchisees. Stores that remain open have also been impacted as only managers are running the 21 restaurants. FoodFirst now plans to refresh the brands. FoodFirst Global Restaurants, owner ofBrio Tuscan Grilleand Bravo Cucina Italiana, is seeking approval to sell at least 45 units to an entity formed by GP Investments and Earl Enterprises. Address: 4200 Conroy Rd Ste 154 Orlando, FL, 32839-2437 United States See other locations Phone: Website: www.foodfirst.com Employees (this site): Modelled ESG ranking: ESG industry average: What is D&B's ESG Ranking? The chains had generated $400 million in annual systemwide sales in 2017. 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. As a people's think and do tank," we are . The 21 locations open are in Huntsville, Ala.; Gilbert, Az., Orlando, Fla., Palm Beach Gardens, Fla., Naples, Fla. (2 locations), Pembroke Pines, Fla., Sarasota, Fla., Ft. Lauderdale, Fla.; Rochester Hills, Mich., Lansing, Mich.;St. Louis, Mo. 121 South Orange Avenue Members help make our journalism possible. But, now that might change, as consumers learn to rely on them for quality takeout. Sign In. In January, 10 stores were closed and the viability of a substantial number of additional stores was being viewed, according to bankruptcy court documents. By 2006, the two restaurants had expanded to 50 total locations. 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. 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. [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". 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. Subscribe to Food Business News' free newsletters to stay up to date about the latest food and beverage news. As owner-partners, we place our confidence in his leadership and that of his team. 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%. FoodFirsts difficult position prior to the Pandemic makes its current situation even more precarious. When the pandemic struck, both chains sought to switch over to curbside pickup and delivery orders. Tax ID / EIN: xx-xxx6328, R Scott Shuker FoodFirst oversees Brio Tuscan Grille, which was renamed Brio Italian Mediterranean, and Bravo Cucina Italiana, which was renamed Bravo Fresh Italian. CEO Steve Layt, who came on board in late January to fix troubles at both brands, said he is keeping the21 best performing Bravo and Brio restaurants open for curbside pickup and delivery orders. Profits were eaten by high rents and rising food and labor costs. Find Assistant Managers and bring them on board. login, (Kathy D.) (Entered: 04/10/2020), Order Authorizing Debtor-In-Possession to Operate Business. FoodFirst Global Restaurants is the parent company of Brio Italian Mediterranean and Bravo Cucina Italiana. At the time, the company owned 100 restaurants, down from the 110 that were in operation when Brio and Bravo were acquired for $100 million in May 2018. 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 . Sign up for a free account to get access to data on case creditors, search for cases, and more. Members help make our journalism possible. The company raised $140 million in a public offering in 2010 to cover debt and drive growth. Fax : (407) 337-2060 Privacy Policy | Terms and Conditions | Powered by MZ. Easton. How Repaying Student Loans Is ChangingDramatically, How Chipotle's Stock Price More Than Quadrupled in Five Years. Everyone was feeling bullish about the future, he said. Both chains are owned by the same parent company, FoodFirst Global Restaurants. subscribe now, FoodFirst Global Restaurants, Inc. 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. The average salary for an Accounting Manager is 81,044 per year in Reading (United States). 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 . 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A class-action lawsuit filed in Missouri involved 8,000+ former and current employees and the Company settled the case for $4 million. Follow this case and receive case update emails for the life of this case for a one-time fee of $39.95. FoodFirst Global Restaurants' board of directors will include Mr. Blum as chairman and CEO, Bonchristiano as vice chairman, Bob Mock (former Darden executive) as chief operations officer, and . FoodFirst Global Restaurants (formerly Bravo Brio Restaurant Group) is the parent company of the Bravo! On 04/10/2020 FoodFirst Global Restaurants, Incwas filed as a Bankruptcy - Chapter 11 lawsuit. The Operational Excellence Coach I salary range is $39,738 to $53,052 in Bismarck, North Dakota. In October 2010, BBRG went public and their IPO raised net proceeds of $62.4 million. GP Investments and Restaurateur Bradley D. Blum have formed a new restaurant company, FoodFirst Global Restaurants Inc. Bravo Brio Restaurant Group (BBRG) was founded in 1992 by Rick Doody, his brother Chris Doody, and Executive Chef Phil Yandolino. The company provided no other details on the rebranding. It will take months for even the best performing restaurants to get back on their feet. FoodFirst was formed in May 2018 by Blum, a onetime president of Olive Garden, as a holding company of health-oriented restaurant concepts. When GPEE was approved to extend the DIP loan, the other parties dropped out of the running. The latest from Restaurant Business, sent straight to your inbox. 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. Office of the United States Trustee : 6:20-bk-02164-KSJ; 6:20-bk-02165-KSJ; 6:20-bk-02166-KSJ; and 6:20-bk-02167-KSJ Filed by R Scott Shuker on behalf of Debtor FoodFirst Global Restaurants, Inc. (Shuker, R) (Entered: 04/10/2020), Emergency Motion for Authority to Maintain Pre-Petition Bank Accounts Filed by Mariane L Dorris on behalf of Debtor FoodFirst Global Restaurants, Inc. (Dorris, Mariane) (Entered: 04/10/2020), Preliminary Hearing Scheduled for 04/14/2020 04:00 PM Orlando, FL - Courtroom 6A, 6th Floor, George C. Young Courthouse, 400 W. Washington Street. Restaurants Multi Location Business Find locations Additional business information Believed to be out of business: According to information. Registered in England and Wales. Layts priorities were to improve efficiency and cut costs in terms of labor, food waste, and marketing. [8], In 2018, BBRG announced it had settled two lawsuits in 2017 for a total of $5.6 million. Layts priorities were to improve efficiency and cut costs in Terms of,... 8 ], in 2018, BBRG announced it had settled two lawsuits in 2017 by.. 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