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5h ago

Bravo Brio Files for Chapter 11 Again, Citing Industry Pressures

The company says Chapter 11 will help it restructure for sustainability, with a goal of securing new investment.

A Brio Italian Grille restaurant at City Creek Center in Salt Lake City, Utah, USA, on May 11, 2023.
Bravo Cucina Italiana restaurant.
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Overview

  • Bravo Brio Restaurants, owner of Bravo! Italian Kitchen and Brio Italian Grille, filed for Chapter 11 on Aug. 18.
  • In court papers, the company listed 200–999 creditors and estimated both assets and liabilities at $50 million to $100 million.
  • Executives outlined plans to reorganize debt and streamline operations and said they will seek new investors after a prior 2020 bankruptcy that led to an Earl Enterprises takeover.
  • The company said the process may involve closing underperforming sites, though a spokesperson told Today.com there are no current plans for closures.
  • The filing extends a wave of Italian-dining restructurings this year that includes People First Pizza, Bertucci’s and Red Door Pizza, as separate reports note Noodles & Company will close 13–17 locations despite higher same-store sales.