Bravo Brio Restaurants, the parent company of Bravo! Italian Kitchen and Brio Italian Grille, has filed for Chapter 11 bankruptcy protection.

According to Newsweek , the restaurant group said it filed for bankruptcy due to “insurmountable” pressures on the restaurant industry, including weak demand and rising costs of operation.

In an announcement shared with Newsweek, the company said the bankruptcy filing was “necessary to improve its financial position as it brings on a new investor.”

The Street reports Food First Global Restaurants, the restaurant chain’s first owner, filed for Chapter 11 bankruptcy protection in April 2020.

Restaurant chain closing a dozen locations

Despite a rebrand, popular restaurant chain Noodles & Company is planning to shutter over a dozen locations.

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