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Filed by R Scott Shuker on behalf of Debtor FoodFirst Global Restaurants, Inc.. (Shuker, R) (Entered: 04/10/2020), Motion for Authority to Pay Pre-Petition Wages, Assignment of the Honorable Karen Jennemann, Bankruptcy Judge to this case . The latest headlines and features from FSR magazines editors. Email Finder Find verifier work emails! Uno to sell frozen pizza business to Great Kitchens Food Co. Red Robin's recovery gets off to a fast start. Estimated sales for both brands was $366.1 million in 2018, down from reported sales of $405.3 million in 2017, according to NRNs Top 200 census. Re: Emergency Motion to Reject Unexpired Leases of Non-Residential Real Property Nunc Pro Tunc to the Petition Date (Emergency Relief Requested) Doc. Find Assistant Managers and bring them on board. 121 South Orange Avenue, Suite 1120 [2] Brio specializes in Northern Italian cuisine including bruschetta, pizza, pasta, steaks, seafood, soup and salad. Italian Kitchen from FoodFirst Global Restaurants, also based in Orlando.The purchase price is reported to be about $30 million. 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 formed in May 2018 after private equity firm GP Investments Ltd. acquired Bravo and Brio earlier that year. 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 Steve Layt, a former Pizza Hut executive, took over in late January to right the ship. After the bankruptcy filing, PHL Holdings, an entity jointly owned by GP Investments and Earl Enterprises, purchased $30 million in prepetition secured debt from two of FoodFirsts lenders. FoodFirst Global Restaurants Feb 2017 - Jul 2018 1 year 6 months. 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. FoodFirst Global Restaurants #5940 of 8485 places to eat in Columbus. The company has assets between $10 million and $50 million and estimated liabilities between $10 million and $50 million. Italian Kitchen from FoodFirst Global Restaurants. subscribe now, or FoodFirst now plans to refresh the brands. He has been on the job for 11 weeks. Stores that remain open have also been impacted as only managers are running the 21 restaurants. Orlando, Florida A new restaurant company - FoodFirst Global Restaurants, Inc. - was formed on May 24, 2018. According to court documents, FoodFirst started negotiations with Earl Enterprises shortly before filing bankruptcy. Five underperforming restaurants closed in 2017 as a result. Fax : (407) 337-2050 Brio Italian Grille has locations in 12 states, including Arizona, California, Delaware, Florida, Kentucky, Michigan . Office of the United States Trustee FoodFirst Global Restaurants Inc/OH Foodfirst Global Restaurants, Inc. of Ohio owns and operates a chain of Italian restaurants. Blum was replaced in that position by former Applebee's president Steve Layt in late January. The average salary for an Accounting Manager is 81,044 per year in Reading (United States). FoodFirst Global Restaurants (formerly Bravo Brio Restaurant Group) is the parent company of the Bravo! The Registered Agent on file for this company is Corporation Service Company Inc and is located at 641 South Lawrence Street, Montgomery, AL 36104. login, The pandemic is creating enormous disruption throughout the economy, and the restaurant industry as a whole is especially affected, the company said in court documents. login Already a member? Current and former employees report that FoodFirst Global Restaurants provides the following benefits. The deal is subject to the approval of the bankruptcy court overseeing the operation of the chains parent, FoodFirst Global Restaurants. 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. It may not be complete. ORANGE-FL (407) 648-6301 FOODFIRST GLOBAL RESTAURANTS, INC. is an Arizona Foreign For-Profit (Business) Corporation filed on April 4, 2008. Respond to any ACA audit questionnaires. Email:bankruptcy@shukerdorris.com, United States Trustee - ORL The change is effective immediately, as former CEO and FoodFirst founderBrad Blumhas stepped down from his role as chairman and chief executive, the, Columbus, Ohio-based company said in a statement released Tuesday morning. You may change your billing preferences at any time in the Customer Center or call Eventually, the restaurant group launched a second similar, but more upscale brand, Brio Tuscan Grille. GP provided the funding. The company has cited both economic hardship prior to the . : 6:20-bk-02164-KSJ; 6:20-bk-02165-KSJ; 6:20-bk-02166-KSJ; and 6:20-bk-02167-KSJ Filed by R Scott Shuker on behalf of Debtor FoodFirst Global Restaurants, Inc. (Shuker, R) (Entered: 04/10/2020), Emergency Motion for Authority to Maintain Pre-Petition Bank Accounts Filed by Mariane L Dorris on behalf of Debtor FoodFirst Global Restaurants, Inc. (Dorris, Mariane) (Entered: 04/10/2020), Preliminary Hearing Scheduled for 04/14/2020 04:00 PM Orlando, FL - Courtroom 6A, 6th Floor, George C. Young Courthouse, 400 W. Washington Street. In 2018 the Company was sold to Spice Private Equity Ltd. and . Sign up here. The parent company of Brio Tuscan Grille and Bravo Cucina Italiana has temporarily closed 71 of its 92 restaurants due to the novel coronavirus pandemic. The deal, approved by a U.S. bankruptcy court judge in Orlando, paved the way for the sale of the assets of Brio owner FoodFirst Global Restaurants Inc. FoodFirst filed for bankruptcy protection . That turnaround process was interrupted by the COVID-19 pandemic, forcing the bankruptcy. CEO Steve Layt, a former Pizza Hut executive, took over in late January to lead a turnaround, but the COVID-19 pandemic exacerbated FoodFirsts struggles. Privacy Policy | Terms and Conditions | Powered by MZ. 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. The company said Blumwill remain an owner-partner as the company plans to reposition both casual dining brands. Antonio Bonchristiano, chairman of FoodFirsts board and CEO of principal backer GP Investments, described the impact of the COVID-19 crisis as irreversible.GP is the parent of the Leon natural foods quick-service chain. Blum said he intended to use the two Italian chains as the foundation for a new sort of company that aimed for healthful dining and sustainable operations as means to financial success, and was named CEO. 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 However, growth and traffic declined as consumer preference shifted to quick-serve and fast-casual. Italian Kitchen. FoodFirst Global Restaurants, already struggling and closing restaurants, filed for bankruptcy protection in April. By 2013, there were 107 restaurants. FoodFirst Global Restaurants, Inc. Associated Cases. Everyone was feeling bullish about the future, he said. Club Shenanigans #6067 of 8485 places to eat in Columbus. This case has no creditors listed. 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.. Orlando, FL-based restaurant operator Earl Enterprises announced June 11 that it has completed the asset acquisition of Brio Italian Grille and Bravo! 100% of job seekers rate their interview experience at FoodFirst Global Restaurants as positive. We will do this by relentlessly focusing on the quality of the food, improving the menu, sharpening the operations, remodeling the restaurants and delivering a highly differentiated guest experience, Mr. Blum said. 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. FOODFIRST GLOBAL RESTAURANTS, INC. Company Number 704496 Other Identifiers US EIN number: 341566328 SEC CIK number: 1495479 Status Active Incorporation Date 7 July 1987 (over 35 years ago) Company Type CORPORATION FOR PROFIT Jurisdiction Ohio (US) Registered Address CUYAHOGA, CLEVELAND, OH United States Previous Names BELDEN VILLAGE VENTURE, INC. A belief in the greater good of education. Chrome Extension Our flagship chrome extension. (if applicable) for The Wall Street Journal. When FoodFirst took the reins in 2018, Bravo and Brio operated a combined 110 locations in 32 states and had sales in excess of $400 million in 2017 with around 10,000 employees. . GP had been the source of financing of Brio and Bravos purchase in May 2018. GP Investments is the perfect partner to develop this unique, differentiated company. His diverse teams drive profitability by creating a great culture, focusing on the food, achieving operations excellence, consistently offering an enjoyable guest experience and providing strong brand communication. Shuker & Dorris, P.A. The same financial institution, Fortress Credit, also took control of the 300-unit Krystal quick-service chain through a credit bid of $27 million and the assumption of $21 million in liabilities. The company's filing status is listed as Active and its File Number is 920-027. FoodFirst is operating with 120 hourly and salaried employees. The opportunities for growth and expansion are significant.. FoodFirst Global Restaurants (formerly Bravo Brio Restaurant Group) is the parent company of the Bravo! Easton. Bankrupt FoodFirst Global Agrees to $30 Million Deal with GP Investments, Owner of Planet Hollywood BRAVO first opened in 1992 while BRIO was founded five years later. The COVID-19 outbreak truly could not have come at a worse time for our business, he said in a statement. The announcement comes after the company closed 71 of its 92 U.S. locations in March, and furloughed 6,000 employees, with open stores using a limited carryout and delivery model. Suite 1120 Some restaurants are also delivering through third-party delivery operators, who have not done anything to waive fees, Layt said. Mariane L Dorris 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 for $93 million in forgiven debt. We are delighted that you'd like to resume your subscription. If restaurants are forced to keep dine-in operations shuttered for a long period time, Layt said some might never reopen. FoodFirst was formed in May 2018 by Blum, a onetime president of Olive Garden, as a holding company of health-oriented restaurant concepts. 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. Casual dining brand Bravo Cucina Italiana will also be repositioned and renamed Bravo Italian Mediterranean, the company said. By 2006, the two restaurants had expanded to 50 total locations. 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 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. /sites/all/themes/penton_subtheme_nrn/images/logos/footer.png. The brands develop this unique, differentiated company prior to the COVID-19 pandemic, forcing bankruptcy... 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