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Earl Enterprises, the operator of concepts including Buca di Beppo and Planet Hollywood, has agreed to acquire 45 Brio and Bravo Italian restaurants from FoodFirst Global Restaurants, which filed for Chapter 11 bankruptcy protection last month. The deal, which still needs court approval, calls for a $50,000 cash payment, $4 million in assumed liabilities and $25 million in forgiven credit. Read the Restaurant Business online story here
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