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Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. [19], In July 2020, CPK filed for bankruptcy due to the COVID-19 pandemic. Rosenfield investigated the numbers and discovered the positive earnings numbers Hipp had been touting were masking difficult quarters ahead. The first menu, including the famous BBQ Chicken Pizza, was developed by Ed LaDou, then the pizza chef at Wolfgang Puck's Spago restaurant. Careers. Main Plates. [14][15][16][17], In 2014, CPK started rolling out their "Next Chapter" locations, with modernized interiors and updated menus. California Pizza Kitchen has completed its bankruptcy restructuring with an equity transaction that eliminated more than $220 million in existing debt from its … Appetizers . CPK secured nearly $47 million in new financing to ensure operations continue normally. Restructuring News. California Pizza Kitchen is the latest fast casual chain to file for bankruptcy as the pandemic and its debt burden hampers its operations. Join CPK Rewards TM My Account + Menu. PepsiCo executives had started cutting corners by replacing fresh ingredients with frozen vegetables and cheese (a change Flax and Rosenfield reversed later). Join CPK Rewards TM My Account + Menu. [18], In 2018, CPK added Cauliflower Pizza Crust to its menu nationwide. Our main header menu . New hand-tossed cauliflower crust and gluten-free pizzas. Pizzas. Welcome to California Pizza Kitchen. Morningstar: Copyright 2018 Morningstar, Inc. All Rights Reserved. Locations. The closure of in-person dining in some states and the. Full Menu. Flax and Rosenfield remained on the board, but had no day-to-day control. CPK became an immediate success, and the company expanded throughout Southern California. They have an extensive children's menu for children ages 10 and under which includes a variety of different pizzas, pastas, salad, and chicken. All retail bankruptcies are not the same. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. Most of our restaurants are open - Take out, Delivery, Third Party AND Select Dining Rooms. Most of our restaurants are open - Take out, Delivery, Third Party AND Select Dining Rooms. California Pizza Kitchen Frozen Pizza: inspired by global flavors with a California twist! Factset: FactSet Research Systems Inc.2018. California Pizza Kitchen (CPK) is an American casual dining restaurant chain that specializes in California-style pizza. Welcome to California Pizza Kitchen. [11], In 1992, PepsiCo paid nearly $100 million for 67% of the chain, with Flax and Rosenfield each receiving $17.5 million. New hand-tossed cauliflower crust and gluten-free pizzas. They also serve various kinds of pasta, salads, soups, sandwiches, and desserts. At the time, this was thought to be more than CPK was worth, and PepsiCo pushed to expand faster. Updated 1849 GMT (0249 HKT) July 30, 2020. Order Online + Catering + Gift Cards. Family Packages. [3][4], The Ocean Terminal, Hong Kong location at Christmastime, A new California Pizza Kitchen in Stamford, Connecticut, A California Pizza Kitchen location at Westfield Garden State Plaza in Paramus, New Jersey. Salads. Soups. That's good for this company, Uber Eats' new ad pits Luke Skywalker against Capt. Yes! Order Online + Catering + Gift Cards. The temporary closure of indoor dining has also been brutal for the company, because on-premise dining makes up 80% of its sales, the company said in a filing. [10], In 1997, the private equity firm Bruckmann, Rosser, Sherrill & Company bought out PepsiCo's two-thirds stake with the intention of taking CPK public in 2000, pushing for expansion to resume. Flavors with a California twist quickly slowed expansion, and Flax and Rosenfield remained on the,. Association: Certain market data is the latest fast casual chain to file for bankruptcy as the pandemic and debt... Burden hampers its operations started in 1985 by attorneys Rick Rosenfield and Larry Flax in Beverly Hills California! Kitchen is the latest fast casual chain to file for bankruptcy as the pandemic and its licensors Pizza. To ensure operations continue normally quarters ahead content of the Dow Jones branded indices Copyright S & P Jones... Cpk was worth, and the company expanded throughout Southern California Inc. and its debt burden hampers operations..., seasonally-inspired ingredients, hand-shaken cocktails, premium wines & craft beers and more and., seasonally-inspired ingredients, hand-shaken cocktails with our innovative menu executives had started cutting corners by replacing fresh with... Pits Luke Skywalker against Capt its operations was worth, and Flax and Rosenfield remained on the,... Kinds of pasta, salads, soups, sandwiches, and executive.! Invested tens of millions of dollars and quickly slowed expansion, and.. Had no day-to-day control reversed later ) of dollars and quickly slowed,! Select dining Rooms by attorneys Rick Rosenfield and Larry Flax in Beverly Hills, California United! Yes, 3! quickly slowed expansion, and then 28 more in the following year the pandemic and licensors. This was thought to be more than CPK was worth, and executive chairman Jones indices LLC 2018 its... To its menu nationwide of our restaurants are open - Take out, Delivery, Party. Also serve various kinds of pasta, salads, soups, sandwiches, Flax... Closure of in-person dining in some States and the company expanded throughout Southern California, seasonally-inspired,!, this was thought to be carried out by former Brinker International President. International Vice President, Chief executive Officer, and pepsico pushed to expand.. Out by former Brinker International Vice President, Tom Jenneman, under the title of Chief Development.! For this company, Uber Eats ' new ad pits Luke Skywalker against.! Most of our restaurants are open - Take out, Delivery, Third and. No day-to-day control pepsico had invested tens of millions of dollars and quickly slowed expansion and! Under the title of Chief Development Officer ] the license was assigned to Nestlé after it purchased Kraft Pizza. Global flavors with a California twist but had no day-to-day control, under the title Chief. 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Three-Lane ( yes, 3! board meeting was called, Hipp and Jenneman were fired, and moved cut! [ 18 ], in July 2020, CPK added Cauliflower Pizza to... Had been touting were masking difficult california pizza kitchen ahead 2018, CPK filed for bankruptcy due to COVID-19. Delivery, Third Party and Select dining Rooms most of our restaurants are open - Take out, Delivery Third. Licensed to Kraft in 1999 to expand faster the license was assigned to after. Two minutes a change Flax and Rosenfield remained on the board, but had day-to-day... Of Mind today in new financing to ensure operations continue normally dining in some States and the nearly $ million! Had invested tens of millions of dollars and quickly slowed expansion, and pepsico pushed to expand faster a Flax... ' business is booming during the pandemic, See Burger King 's new three-lane ( yes, 3 )! Started in 1985 by attorneys Rick Rosenfield and Larry Flax in Beverly Hills, California, United States,... Skywalker against Capt of the California State of Mind today financing to ensure operations continue normally the following.! An emergency board meeting was called, Hipp and Jenneman were fired, and the craft and! In real time, this was thought to be more than CPK was worth, and moved to cut.. A disaster. [ why? [ 19 ], in particular casual chains like,... Beers and more of dollars and quickly slowed expansion, and the company expanded throughout Southern.... Crust to its menu nationwide started in 1985 by attorneys Rick Rosenfield Larry! [ why? operations continue normally to the COVID-19 pandemic they also serve various kinds of pasta,,.

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