FoodFirst filed for Chapter 11 protection on April 10. The improvement process was radically altered due to the current international health crisis, creating massive restaurant closings and employee losses throughout the country via state ordered shelter-in-place requirements, which exacerbates the need to reduce the Restaurants footprint in order to maintain the strongest and most viable locations, FoodFirst said in the filing. Email:bankruptcy@shukerdorris.com, United States Trustee - ORL Customer Service. Suite 1100 FoodFirst filed for Chapter 11 protection on April 10. FoodFirst Global Restaurants (formerly Bravo Brio Restaurant Group) is the parent company of the Bravo! FoodFirst Global Restaurants, Inc. is a collaboration between restaurateur/owner-partner Brad Blum and GP Investments, Ltd. At FoodFirst Global Restaurants, we are building a platform to own. 4. Orlando, FL 32801 The company has cited both economic hardship prior to the . . As part of the changes, headquarters moved from Columbus, Ohio, to Orlando, Florida, andnew Italian Mediterranean menus were implemented. Reveal contacts and hire employee messaging them directly - Page 723 . Executives with FoodFirst Global Restaurants were not available for comment. Blum was replaced in that position by former Applebee's president Steve Layt in late January. Steve Layt is the company's chief executive officer. It was unclear how the 45 properties sought by GPEE break down between open and closed stores, and Brio versus Bravo. Fifty-three units are still under lease. 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. At the time, the two chains collectively numbered 110 locations in 32 states, with total annual sales of about $400 million. 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%. The Registered Agent on file for this company is Corporation Service Company Inc and is located at 641 South Lawrence Street, Montgomery, AL 36104. An independent contractor named Robert Morrison has been brought in to serve as chief restructuring officer. 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. FoodFirst is operating with 120 hourly and salaried employees. We use cookies to provide you with a better experience. 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. Fax : (407) 337-2060 FoodFirst Global Restaurants, Inc. May 2018 - Apr 2020 2 years. Number 8860726. 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 will continue to closely monitor the restaurants performance during the pandemic and the assorted state shelter-in-place orders to determine which locations remain viable, the company said in the Chapter 11 filing. The other principal in the deal was Brad Blum, a past head of Olive Garden and Burger King. Allowed HTML tags: . The full names of the concepts are Brio Italian Mediterranean and Bravo Fresh Italian. Orlando, FL 32801 Parties Debtor FoodFirst Global Holdings, Inc. 420 S Orange Ave Ste 900 Orlando, FL 32801 ORANGE-FL Tax ID / EIN: xx-xxx5297 Represented By. FoodFirst Global Restaurants. It is also worth perusing the nicely put-together wine list. Copyright 2011-2023 BusinessBankruptcies.com. 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 GPEE can credit bid up to $40 million, but the filing stated that it is highly unlikely that any other potential buyers will submit an offer approaching, let alone exceeding, the amount of the Purchasers offer.. The front-of-house team takes a friendly and informal yet professional . 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. FOODFIRST GLOBAL RESTAURANTS, INC. is an Alabama Foreign Corporation filed on July 25, 2001. 407-648-6301, Jill E Kelso 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. Once the crisis is over, it will still be challenging for the restaurants that remain open. 121 South Orange Avenue FOODFIRST GLOBAL RESTAURANTS, INC. is an Arizona Foreign For-Profit (Business) Corporation filed on April 4, 2008. Members help make our journalism possible. This harmonious blend of classic and contemporary also extends to Klaus Erfort's cuisine. On 04/10/2020 FoodFirst Global Restaurants, Incwas filed as a Bankruptcy - Chapter 11 lawsuit. 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. 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. The Operational Excellence Coach I salary range is $36,558 to $48,807 in Grand Forks, North Dakota. purchase single case The company will continue to close more units as it expects to reject a large number of leases soon. Purchase this single case for a one-time fee of 39.95 and receive updates for the life of the case. Registered in England and Wales. Number of U.S. 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. GP Investments © 2018 | All rights reserved. You will be charged meat; poultry; chicken; cheese; pork; sandwiches; salads . The company said it is repositioning Brio Tuscan Grille in the polished, upscale segment of casual dining. By 2006, the two restaurants had expanded to 50 total locations. And that's all that matters. login, Suite 1120 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. Become a Restaurant Business member today and unlock exclusive benefits, including unlimited access to all of our content. [2] Brio specializes in Northern Italian cuisine including bruschetta, pizza, pasta, steaks, seafood, soup and salad. GP Investments is the perfect partner to develop this unique, differentiated company. As a result,FoodFirst has had to furlough nearly 6,000 hourly and salaried workers. CEO Steve Layt, a former Pizza Hut executive, took over in late January to right the ship. Sign up for a free account to get access to data on case creditors, search for cases, and more. Fax : (407) 337-2050 GP had been the source of financing of Brio and Bravos purchase in May 2018. Then the rug got pulled.. Bon Vie's parent company, FoodFirst Global Restaurants, filed for bankruptcy in April. Sign up to receive texts from Restaurant Business on news and insights that matter to your brand. FoodFirst Global Restaurants, Inc. Associated Cases. FoodFirst Global Restaurants (formerly Bravo Brio Restaurant Group) is the parent company of the Bravo! Management blamed the coronavirus pandemic, which closed restaurants around. FoodFirst Global Restaurants is the parent company to Brio Tuscan Grille Bravo Cucina Italiana. ; Friendly Center, N.C.;Las Vegas, Nev.; Columbus, Ohio (4); Pittsburgh, Pa. (2);and Southlake, Texas. FoodFirst Global Restaurants is located at 777 Goodale Blvd, Columbus, OH 43212, USA Similar Businesses Nearby BRAVO | BRIO Restaurant Group ( < 250 ft ) Restaurant 777 Goodale Blvd, Columbus, OH 43212, USA Current and former employees report that FoodFirst Global Restaurants provides the following benefits. Web page addresses and e-mail addresses turn into links automatically. When GPEE was approved to extend the DIP loan, the other parties dropped out of the running. The Judge overseeing this case is Lori V. Vaughan. GP provided the funding. 420 S Orange Ave Ste 900 When you purchase a $50 Gift Card online, receive $20 in Bonus Cards! The chains had generated $400 million in annual systemwide sales in 2017. 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: . Our workincluding action-oriented research, publications, and projects gives you the tools to understand the global food system, build your local food movement, and engage with the global movement for food sovereignty. 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. 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 . Lines and paragraphs break automatically. Good Food and Good Times -- But Are They Good Stocks? 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. FoodFirst was formed in May 2018 by Blum, a onetime president of Olive Garden, as a holding company of health-oriented restaurant concepts. Among his assignments is determining whether a sale of FoodFirst would be a better option than a liquidation. FoodFirst Global Restaurants | 830 followers on LinkedIn. 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.. Email:bankruptcy@shukerdorris.com Management of the company, FoodFirst Global Restaurants, said the chains had been struggling with sales and profit declines before the COVID-19 pandemic. Our core values are: INTEGRITY. Identify Rocks Tennessee,
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