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
