California Pizza Kitchen Files Bankruptcy as Casual Dining Shift Hits Mall Pioneer
The casual dining pioneer enters Chapter 11 to cut debt and close underperforming mall locations, but restaurants remain open.
By Foodie Pundit Newsroom - Published - Updated - Section: Closings Bankruptcies
Key points
- California Pizza Kitchen filed for Chapter 11 bankruptcy protection to reduce debt and renegotiate leases.
- Restaurants remain open for dine in and takeout, and gift cards or rewards points remain active.
- The company plans to close underperforming locations, particularly those in struggling retail malls.
- CPK branded frozen pizzas sold in grocery stores are unaffected by the restaurant filing.
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Sources and methodology
Reported from the public datasets below.
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