The parent company of Bravo! Italian Kitchen and Brio Italian Grille has filed for Chapter 11 bankruptcy. According to a court filing, it’s the company’s second bankruptcy in five years.

Bravo Brio Restaurants LLC, which includes 25 Brio Italian Grille restaurants and 23 Bravo Italian Kitchen restaurants, had closed seven restaurants before filing in U.S. Bankruptcy Court for the Middle District of Florida on Aug. 18. The company cited “the acute financial distress” across the restaurant industry, it stated in the filing.

Through the bankruptcy proceedings, Bravo Brio Restaurants seeks “to improve its financial position as it brings on a new investor,” the company said in a news release. “The Chapter 11 process will allow the Company to quickly and efficiently reorganize its business

See Full Page