Sponsored By

Earl Enterprises buys Bravo Cucina Italian and Brio Tuscan Grille restaurantsEarl Enterprises buys Bravo Cucina Italian and Brio Tuscan Grille restaurants

The Orlando parent of Planet Hollywood plans to rehire 4,000 employees kept in ‘limbo’ after FoodFirst filed for bankruptcy protection.

Nancy Luna, Senior editor, Nation's Restaurant News

June 11, 2020

2 Min Read
Nation's Restaurant News logo in a gray background | Nation's Restaurant News

Earl Enterprises, the parent company of Buca di Beppo, Earl of Sandwich and Planet Hollywood, has confirmed the purchase of Bravo Cucina Italian and Brio Tuscan Grille restaurants in a deal that will bring back 4,000 employees left in “limbo” since FoodFirst filed for bankruptcy, Robert Earl, chairman of Earl Enterprises, said Thursday. 

Orlando-based Earl Enterprises said: "We agreed to assume at least 45 leases from the existing portfolio. We’re still finalizing that exact list, but we are optimistic that the final count will be higher than 45."

Amid the COVID-19 crisis, FoodFirst permanently closed or “rejected" 48 of the company’s nearly 100 locations and filed for Chapter 11 bankruptcy protection

According to a May 26 bankruptcy filing, the purchase price would include $25 million to be credited against the debt owed by the seller to the buyer, plus $50,000 in cash and $4.5 million in assumed liabilities. At the time, Earl Enterprises said it was interested in at least 45 of 53 Bravo/Brio locations left operating.

“We’re very excited about adding these restaurants to our group and look forward to not only investing in the future of Brio and Bravo but also the employees who are the backbone of these two restaurants,” Earl said in a statement.

Related:Bravo and Brio owner seeks buyer, files for bankruptcy protection

Brio has locations in 12 states, including Arizona, California, Delaware, Florida, Kentucky, Michigan, Missouri, Nevada, New Jersey, Ohio, Texas, and Utah.

Bravo has restaurants in 12 states, including Alabama, Florida, Kentucky, Michigan, Missouri, North Carolina, New Mexico, Ohio, Pennsylvania, Tennessee, Virginia, and Wisconsin.

The company said it is in the process of reopening dining rooms in an organized manner.

“Fans of these two beloved restaurants can rest assured that the inspired cuisine, gracious service, and unique charm that make up the brand identities of Brio and Bravo will not only be preserved but nurtured to reach even greater heights,” Earl Enterprises said in a statement.

For our most up-to-date coverage, visit the coronavirus homepage.

Contact Nancy Luna at [email protected] 

Follow her on Twitter: @fastfoodmaven

Update: This story has been edited to include additional information from Earl Enterprises.

About the Author

Nancy Luna

Senior editor, Nation's Restaurant News

Nancy Luna is a senior editor at Nation's Restaurant News and a contributing editor at Supermarket News. She covers the industry's largest and most talked about fast-food brands including McDonald's, Starbucks, Chipotle Mexican Grill, Taco Bell, Pizza Hut, KFC and Subway. She is an award-winning journalist with more than 25 years reporting experience. As a veteran business reporter based in Southern California, Nancy has covered some of the country's most beloved food and retail brands including In-N-Out, Taco Bell, Trader Joe's, Aldi, Whole Foods Market, Target and Costco. Luna is a graduate of Cal State Fullerton. When she's not digging for news on her beat, you can find Nancy regaling her fans about her latest dining adventures on her Fast Food Maven social media channels. Contact [email protected]  or follow her on Twitter at https://twitter.com/fastfoodmaven

Subscribe Nation's Restaurant News Newsletters
Get the latest breaking news in the industry, analysis, research, recipes, consumer trends, the latest products and more.

You May Also Like