. 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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