29 May GP Investments creates FoodFirst Global Restaurants
GP Investments and Restaurateur Bradley D. Blum have formed a new restaurant company, FoodFirst Global Restaurants Inc. The new company has already has acquired its first brands – Brio Tuscan Grille and Bravo Cucina Italiana – in a $100 million transaction that closed May 24. The goal is first to rebrand both Bravo and Brio, wich they plan to grow as polished-casual concepts. But the company will also new brands “from statch” as well as look for acquisitions to add to the group down the road.
FoodFirst Global Restaurants’ board of directors will include Mr. Blum as chairman and Bonchristiano as vice chairman.
Source: Food Business