Troubling news for fans of Bravo! Italian Kitchen and Brio Italian Grille.

Bravo Brio Restaurants, the parent company of the two restaurants, has filed for Chapter 11 bankruptcy protection and is seeking new investors, Newsweek reported.

The decision is the result of “macroeconomic forces beyond the company’s control,” according to a statement shared with the outlet.

“In recent years, the casual dining restaurant sector has faced declining consumer demand and increased competition, principally from fast-casual restaurant alternatives,” the statement adds. “In addition, ongoing inflationary pressure, rising food and labor costs, and a softening in discretionary consumer spending have contributed to underperformance, especially in shopping centers with high vacancies and declining foot

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