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May 30, 2018

US restaurateur Brad Blum and GP Investments set up FoodFirst Global Restaurants

American restaurateur Bradley D Blum and Brazil-based investment firm GP Investments have established a new restaurant company, FoodFirst Global Restaurants, in the US.

American restaurateur Bradley D Blum and Brazil-based investment firm GP Investments have established a new restaurant company, FoodFirst Global Restaurants, in the US.

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The company has acquired its first brands, Brio Tuscan Grille (BRIO) and Bravo Cucina Italiana (BRAVO!) in a deal that completed on 24 May.

BRAVO! and BRIO are two Italian restaurant concepts operated by Bravo Brio Restaurant Group (BBRG), which currently owns and operates 110 locations in 32 states across the US.

BRAVO! offers an Italian food menu including combinations such as wedding soup, lobster bisque and BRAVO! chopped salad, along with appetisers, desserts and cocktails.

“We will set up our employee teams for success, starting with the critical importance of having superior restaurant general managers.”

BRIO restaurant offers catering services and dining menu options including shrimp, lobster, char-grilled steaks and pastas.

FoodFirst Global Restaurants board of directors consists of Blum as chairman and CEO, while GP Investments CEO Antonio Bonchristiano serves as vice-chairman.

Blum said: “This inspired partnership that has created FoodFirst Global Restaurants represents an entrepreneurial endeavour with all parties contributing significant capital and professional skill.

“As a private company, the board of directors can take a long-term view and allow the leadership team to focus on developing superior restaurant brands that serve superior food with a superior guest experience. We will set up our diverse employee teams for success, starting with the critical importance of having superior restaurant general managers who are well trained leaders.

“We believe that focus will create a virtuous cycle that will quickly result in profitability. GP Investments is the perfect partner to develop this unique, differentiated company. The opportunities for growth and expansion are significant.”

In addition, restaurant executive Bob Mock has been appointed as chief operations officer, while Diane Reed is the chief financial officer, treasurer and secretary.

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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