A local upscale Italian restaurant has closed its doors for good after its parent company filed for bankruptcy.
Bravo Brio Restaurants, the parent company of Brio Italian Grille at The Greene, filed for Chapter 11 bankruptcy on Monday, according to court documents obtained by News Center 7.
The court documents, filed in United States Bankruptcy Court, Middle District of Florida, show the parent company listed estimated assets and liabilities between $50 million and $100 million.
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“The Debtor owns and operates restaurants nationwide under the names of Bravo! and Brio. To mitigate losses, in advance of filing this Chapter 11, the Debtor proactively identified and closed six (6) underperforming restaurant locations,” court documents state…