California Pizza Kitchen, known for unconventional toppings like BBQ chicken change hands againAn investor group led by Consortium Brand Partners plans to acquire the chain,
The deal, which is set to close this month, is valued at just under $300 million, According to ReutersThe new owners say CPK is preparing itself for “a new era of growth” with franchise expansion, new products and an increased retail presence,
Founded in Beverly Hills in 1985 by two former federal prosecutors, CPK brought twists to pizza like Thai chicken and California Club. The chain filed for bankruptcy in 2020 during the pandemic, but CPK has since recovered and now operates more than 120 restaurants in 10 countries, as well as selling frozen pizzas in more than 10,000 grocery stores and operating vending machines in airports.
California Pizza Kitchen, known for unconventional toppings like BBQ chicken change hands againAn investor group led by Consortium Brand Partners plans to acquire the chain,
The deal, which is set to close this month, is valued at just under $300 million, According to ReutersThe new owners say CPK is preparing itself for “a new era of growth” with franchise expansion, new products and an increased retail presence,
Founded in Beverly Hills in 1985 by two former federal prosecutors, CPK brought twists to pizza like Thai chicken and California Club. The chain filed for bankruptcy in 2020 during the pandemic, but CPK has since recovered and now operates more than 120 restaurants in 10 countries, as well as selling frozen pizzas in more than 10,000 grocery stores and operating vending machines in airports.
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