WebOctober 2024 Ben Coley. California Pizza Kitchen’s assets was cancelled because no party submitted a qualified bid by the deadline, according to court documents. The deadline to submit bids for some, all, or substantially all of CPK’s assets was October 2 at noon. The auction was supposed to be held Thursday at 10 a.m. WebJul 30, 2024 · Thursday, July 30, 2024 at 04:40pm CDT. After a five-month battle against the COVID-19 pandemic, California Pizza Kitchen has lost. According to today’s statement from CEO Jim Hyatt, the company has filed for bankruptcy protection. The company was founded 35 years ago. As of February, there were 250 California Pizza Kitchens serving …
California Pizza Kitchen files for bankruptcy - KFOR.com
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California Pizza Kitchen completes debt refinancing transaction
WebCalifornia Pizza Kitchen, which has 163 corporate locations and 16 franchises in the U.S., announced Thursday that it filed for Chapter 11 bankruptcy. Before filing, the brand entered into a restructuring agreement with senior lenders that will reduce debt by $230 million (from $403 million to $174 million) and provide $46.8 million in financing to continue operations, … WebJul 30, 2024 · California Pizza Kitchen is the latest fast casual chain to file for bankruptcy as the pandemic and its debt burden hampers its operations.. The 35-year-old pizza chain filed for Chapter 11 ... WebJul 31, 2024 · Case in point: California Pizza Kitchen has filed for Chapter 11 bankruptcy. Company financials cited by CNN makes it pretty clear as to why the move was necessary. On-site dining normally accounts for 80% of CPK’s business, which has taken a huge and obvious hit over the past few months. By that metric, the restaurant chain should almost ... saps vs frozen shoulder