Monday, April 13, 2020

Brio and Bravo parent files for Chapter 11 bankruptcy after closing 71 units

Restaurant Business
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.

Management of the company, FoodFirst Global Restaurants, said the chains had been struggling with sales and profit declines before the COVID-19 pandemic. In January, 10 stores were closed and the viability of “a substantial number” of additional stores was being viewed, according to bankruptcy court documents.. . . more