{"id":25908,"date":"2025-12-17T16:17:37","date_gmt":"2025-12-18T00:17:37","guid":{"rendered":"https:\/\/citystuff.com\/los-angeles\/california-pizza-kitchen-chain-finds-new-investor-group-for-growth\/"},"modified":"2025-12-17T16:17:38","modified_gmt":"2025-12-18T00:17:38","slug":"california-pizza-kitchen-chain-finds-new-investor-group-for-growth","status":"publish","type":"post","link":"https:\/\/citystuff.com\/los-angeles\/california-pizza-kitchen-chain-finds-new-investor-group-for-growth\/","title":{"rendered":"California Pizza Kitchen chain finds new investor group for growth"},"content":{"rendered":"

Introduction to California Pizza Kitchen<\/h2>\n

California Pizza Kitchen, a chain known for its unconventional pizza toppings such as BBQ chicken, is shaking up its leadership. On Tuesday, an investor group led by Consortium Brand Partners said it plans to acquire California Pizza Kitchen. Convive Brands, which is part of the group, will direct global operations. Convive Chief Executive Jon Weber will lead the restaurant group. The deal is scheduled to close this month.<\/p>\n

New Era of Growth<\/h2>\n

The new ownership, the group said, means the restaurant chain \u2014 also known as CPK \u2014 is positioning itself for \u201ca new era of growth.\u201d It plans to expand the franchise, create new products and enhance the brand\u2019s presence across restaurants and retail, according to a news release about the deal. CPK was founded in 1985 in Beverly Hills by two former federal prosecutors, bringing a twist to pizza in casual dining restaurants.<\/p>\n

Menu and Expansion<\/h2>\n

Its menu includes flavor profiles such as Thai chicken, carne asada and a California Club \u2014 a pizza with ingredients you would normally find in a sandwich, including avocado, bacon, mayo and lettuce. The pizza chain\u2019s founders sold the company to private equity firm Golden Gate Capital in 2011 for $470 million. Over time, the chain has expanded beyond restaurants. CPK sells frozen pizzas, salad dressings and other items in more than 10,000 major grocery retailers. The company has also piloted pizza vending machines in airports, campuses and entertainment venues.<\/p>\n

Leadership and Future Plans<\/h2>\n

\u201cCalifornia Pizza Kitchen is a brand with a remarkable history and an even brighter future,\u201d Weber said in a statement. \u201cAs we look to realize its exceptional potential, our focus remains on honoring CPK\u2019s legacy, empowering the teams who drive its success every day, and welcoming the next generation of guests to experience the flavors and hospitality that will continue to set it apart.\u201d The restaurant chain struggled during the COVID-19 pandemic when people were forced to stay at home.<\/p>\n

Challenges and Recovery<\/h2>\n

The company, burdened with debt, filed for bankruptcy protections in 2020 as it faced a drop in sales and restaurant closures. Before the pandemic, CPK used to rake in 78% of its revenue through on-site dining. The company then shuttered 46 restaurants and received $30 million of emergency financing, Bloomberg reported in 2020. Despite its financial troubles, CPK is still a well-known brand. The company bounced back from bankruptcy. Terms of the recent deal weren\u2019t disclosed in the news release, but Reuters reported in November that it was under $300 million. CPK currently has more than 120 restaurants in 10 countries.<\/p>\n

Conclusion<\/h2>\n

The acquisition of California Pizza Kitchen by the investor group led by Consortium Brand Partners marks a significant milestone in the company’s history. With plans for expansion, new product creation, and enhanced brand presence, CPK is poised for a new era of growth. As the company looks to the future, it remains committed to honoring its legacy and welcoming a new generation of guests to experience its unique flavors and hospitality.<\/p>\n

FAQs<\/h2>\n