The COVID-19 outbreak truly could not have come at a worse time for our business, he said in a statement. FoodFirst Global Restaurants, Inc. May 2018 - Apr 2020 2 years. restaurants have a Roman ruin style dcor and an open, Italian style kitchen focusing primarily on pastas and pizzas.[3]. The deal highlighted in documents filed with the Florida bankruptcy court reveal that the GP-EE purchasing partnershiptechnically GPEE Loan LLCcould raise the $25 million credit-bid portion of its offer to as much as $40 million. FoodFirst Global Restaurants, the parent company of Brio and Bravo restaurants, filed for Chapter 11 bankruptcy protection in April 2020 and temporarily closed over 70 of its more than 92 locations. Bankrupt FoodFirst Global Restaurants is seeking approval to sell at least 45 of its stores to GPEE Lender in the form of a $25 million credit bid, $50,000 in cash, and $4.5 million in assumed liabilities. A belief in the greater good of education. FoodFirst now plans to refresh the brands. Uno to sell frozen pizza business to Great Kitchens Food Co. Red Robin's recovery gets off to a fast start. That begins with our almost 10,000 employees who represent the face of the Brio and Bravo brands. [4], On May 24, 2018, BBRG was sold to Spice Private Equity Ltd.[5] and renamed FoodFirst Global Restaurants. FoodFirst Global Restaurants (formerly Bravo Brio Restaurant Group) is the parent company of the Bravo! Ruby Tuesday. It may not be complete. Mariane L Dorris After the bankruptcy filing, the investment firm GP Investments joined forces with EE to purchase $30 million of notes held against FoodFirsts assets by two of its lenders. Easton. GP provided the funding. Orlando, Florida A new restaurant company - FoodFirst Global Restaurants, Inc. - was formed on May 24, 2018. Orlando, FL 32801 This inspired partnership that has created FoodFirst Global Restaurants represents an entrepreneurial endeavor with all parties contributing significant capital and professional skill, Mr. Blum said. Related: FoodFirst Global Restaurants, parent to Brio Tuscan Grille and Bravo Cucina Italiana, names Steve Layt CEO. 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We use cookies to provide you with a better experience. 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 Find Assistant Managers and bring them on board. As part of the changes, headquarters moved from Columbus, Ohio, to Orlando, Florida, andnew Italian Mediterranean menus were implemented. Orlando, FL 32801 Bravo! George C Young Federal Building Already a member? GP Investments and Restaurateur Bradley D. Blum have formed a new restaurant company, FoodFirst Global Restaurants Inc. The opportunities for growth and expansion are significant.. GPEE is an entity formed by GP Investments, the ultimate owner of FoodFirst, and Earl Enterprises, which owns and operates more than 200 locations under brands like Planet Hollywood, Bucca di Beppo, Bertucci's, and Earl of Sandwich. [8], In 2018, BBRG announced it had settled two lawsuits in 2017 for a total of $5.6 million. The phone number for FoodFirst Global Restaurants is (614) 326-7944. purchase this single case. Get todays need-to-know restaurant industry intelligence. When you purchase a $50 Gift Card online, receive $20 in Bonus Cards! FoodFirst Global Restaurants. Orlando, FL 32801 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. A class-action lawsuit filed in New York involved over 500 employees and the Company settled the case for $1.6 million. We believe that focus will create a virtuous cycle that will quickly result in superior profitability. Since then, the company has reopened seven more units. Salaries for the Operational Excellence Coach will be influenced by many factors. 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 . GP Investments © 2018 | All rights reserved. At that moment, Bravo and Brio managed 110 stores in 32 states, for an estimated sales volume of around 400 million dollars. You may change your billing preferences at any time in the Customer Center or call [7], On April 10, 2020, FoodFirst Global Holdings Inc. filed for voluntary Chapter 11 bankruptcy protection in the Middle District of Florida. Orlando, FL 32801 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. 121 South Orange Avenue, Suite 1120 FoodFirst Global Restaurants (formerly Bravo Brio Restaurant Group) is the parent company of the Bravo!Cucina Italiana and Brio Tuscan Grille restaurant chains in the United States. FoodFirst now plans to refresh the brands. 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 . of GP Investments and vice-chairman of FoodFirst Global Restaurants. The changes did not have the intended effect as sales dropped to $307 million in 2019. Most of the shuttered Bravo and Brio restaurants were closed as of March 20, when the COVID-19 crisis had already prompted many states to shut restaurant dining rooms. It reported revenue of $307 million in 2019, that had been below airers4you's expectations. Spring-time offerings bring limited-edition partnerships. 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 and its investors left open the possibility of further closures. For all intents and purposes, it became survival of the fittest. EE has also been creating virtual restaurants that offer food for delivery and takeout only. 400 West Washington Street, Suite 1100 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:

. The deal is subject to the approval of the bankruptcy court overseeing the operation of the chains parent, FoodFirst Global Restaurants. Among his assignments is determining whether a sale of FoodFirst would be a better option than a liquidation. From 2006 to 2010, the restaurants underwent aggressive expansion and reached 85 units. FoodFirst Global Restaurants Feb 2017 - Jul 2018 1 year 6 months. Unfortunately, the changes did not yield the results expected, the company said in the bankruptcy filing. BBRG sold for about $100 million[6] and their shareholders received $4.05 per share in cash. Belgian bakery chain Le Pain Quotidienagreed to sell its U.S. assets to restaurant operator Aurify Brands for $3 million Southern fast-food chain Krystal agreed to a nearly $50 million offer fromFortress Investment Group. This harmonious blend of classic and contemporary also extends to Klaus Erfort's cuisine. Follow View all 781 employees About us FoodFirst Global Restaurants is the parents. R Scott Shuker Shuker & Dorris, P.A. FoodFirst is the latest in a string of companies that have been recently bought out of bankruptcy. The company's filing status is listed as Active and its File Number is F14413290. FoodFirst Global Restaurants board of directors will include Mr. Blum as chairman and c.e.o., Mr. Bonchristiano as vice-chairman, Bob Mock (former Darden executive) as chief operations officer, and Diane Reed (chief financial officer for Bravio and Brio since October) as c.f.o. 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. 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 . 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. Leadership at the time tried different ways to attract customers, but nothing worked. Layt was brought in for a restructuring. Where is FoodFirst Global Restaurants headquarter and corporate office address? "Bravo Brio Restaurant Group, Inc. Current and former employees report that FoodFirst Global Restaurants provides the following benefits. 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 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. Registered in England and Wales. The company said Blumwill remain an owner-partner as the company plans to reposition both casual dining brands. Subscribe for a full year and receive two months free! . As a private company, the board of directors can take a long-term view and allow the leadership team to focus on developing superior restaurant brands that serve superior food with a superior guest experience. 121 South Orange Avenue 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. FOODFIRST GLOBAL RESTAURANTS, INC. is an Alabama Foreign Corporation filed on July 25, 2001. The first restaurant opened in Columbus, Ohio. Italian Kitchen. The restaurant industry veteran replaces Brad Blum as FoodFirst plans to reposition both casual dining brands, 2023 Informa USA, Inc., All rights reserved, FoodFirst Global Restaurants, the parent company of Brio Tuscan Grille and Bravo Cucina Italiana, has named. Respond to any ACA audit questionnaires. : 6:20-bk-02164-KSJ; 6:20-bk-02165-KSJ; 6:20-bk-02166-KSJ; and 6:20-bk-02167-KSJ Doc, Emergency Motion to Reject Unexpired Leases of Non-Residential Real Property Nunc Pro Tunc to the Petition Date, Preliminary Hearing Scheduled for 04/14/2020 04:00 PM Orlando, FL - Courtroom 6A, 6th Floor, George C. Young Courthouse, 400 W. Washington Street. Complaints Foodfirst Global Restaurants, Inc. 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 is the parent company to Brio Tuscan Grille Bravo Cucina Italiana. The deal is the latest example of operators finding opportunity where others see severely distressed concepts. 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. 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 is operating with 120 hourly and salaried employees. By being a private company, this has enabled the liquidity crisis to be solved with much lower debt on the balance sheet and significant investment capital added to profitably grow the business.. The company's principal . (ADIclerk) (Entered: 04/10/2020), Receipt of Filing Fee for Voluntary Petition (Chapter 11)(6:20-bk-02159) [misc,volp11a2] (1717.00). 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. Some restaurants are also delivering through third-party delivery operators, who have not done anything to waive fees, Layt said. Brio is classified as an upscale casual-dining brand while Bravo is defined as a core casual-dining restaurant. Members help make our journalism possible. 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. 400 W. Washington Street Salaries for the Operational Excellence Coach will be influenced by many factors. 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. An independent contractor named Robert Morrison has been brought in to serve as chief restructuring officer. At the time, 10 locations had closed in early January and more were under review. 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GP had been the source of financing of Brio and Bravos purchase in May 2018. #5545 of 8485 places to eat in Columbus. 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The best choice for customized playlists for restaurants. Brad has a proven track record with multiple restaurant companies, said Antonio Bonchristiano, c.e.o. 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. $ + tax GP had been the source of financing of Brio and Bravos purchase in May 2018. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Cucina Italiana and Brio Tuscan Grille restaurant chains in the United States. The company will continue to close more units as it expects to reject a large number of leases soon. Campbells Soup Sales Were Declining. Brio and Bravo operate 110 locations in 32 states across the country and reported annual sales of more than $400 million in 2017. But, now that might change, as consumers learn to rely on them for quality takeout. FoodFirst filed for Chapter 11 protection on April 10. Cucina Italiana and Brio Tuscan Grille restaurant chains in the United States. . Follow this case and receive case update emails for the life of this case for a one-time fee of $39.95. About Us. 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. 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. Good Food and Good Times -- But Are They Good Stocks? All rights reserved. The fare is prepared in the kitchens of other Earl concepts, primarily Buca di Beppo, a family-style Italian concept that does little lunch business. login, This case has no creditors listed. To see the entire docket, subscribe now, or 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 is the parent company of Brio Italian Mediterranean and Bravo Cucina Italiana. The chain started closing places in late 2019 and early 2020, like the aforementioned Scottsdale area. The restaurant created a data room for all interested parties with the understanding that whichever party was chosen as the manager and lender under the DIP loan would likely purchase the assets. 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. The COVID-19 outbreak truly could not have come at a worse time for our business. Layt said. The company provided no other details on the rebranding. As owner-partners, we place our confidence in his leadership and that of his team. 4. The latest from Restaurant Business, sent straight to your inbox. 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 . Office of the United States Trustee A core casual-dining restaurant new restaurant company, FoodFirst Global Restaurants, Inc. is an Alabama Foreign Corporation filed July... Salaries for the Operational Excellence Coach will be influenced by many factors reached units! This single case chain started closing places in late 2019 and early 2020, like the aforementioned Scottsdale area all. 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