Bravo Brio filed for Chapter 11 bankruptcy in Florida as part of broader financial strain affecting Italian restaurant chains. The group operates Bravo! Italian Kitchen and Brio Italian Grille and has undergone multiple ownership changes, including a 2020 purchase by Earl Enterprises after a prior bankruptcy. Over 50 locations closed in 2020; current counts include 31 Brio and 25 Bravo restaurants. Sales have fallen nearly 50% since 2019, and rising debt, inflation, pandemic-driven shifts toward fast-casual dining, and higher operating costs prompted the restructuring filing, which may lead to further closures.
And this is not the first bankruptcy go-around for Bravo Brio. The restaurant group behind Bravo! Italian Kitchen and Brio Italian Grille, known for their authentic yet accessible Italian classics like creamy seafood risotto and hearty pasta dishes, has changed hands multiple times, most recently in 2020, when the restaurant group last filed for bankruptcy and was bought by Earl Enterprises.
At the time, over 50 of the restaurant group's locations were closed. Now, this week's filing news threatens to shut down more of the still-standing 31 Brio and 25 Bravo locations. It's highly likely that this will mean more restaurant shutdowns, specifically locations that are underperforming financially. This will add to several restaurant spots already closed this year, such as mall locations in Virginia and other states.
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