California Pizza Kitchen Files For Bankruptcy
Video Credit: Wochit - Duration: 00:27s - Published
California Pizza Kitchen Files For Bankruptcy

California Pizza Kitchen Files For Bankruptcy

On Thursday, restaurant chain California Pizza Kitchen filed for Chapter 11 bankruptcy.

The coronavirus pandemic sent sales at the sit-down-centric pizza chain plummeting.

Business Insider reports the same-store sales dropping by 77% in late March.

The company said it that before the pandemic hit it had been planning on closing some restaurants.

There are 179 CPK locations in the US, as well as 36 international locations.

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Frank RT @kron4news: California Pizza Kitchen files for bankruptcy https://t.co/qtDMggfr3g https://t.co/I2ZxvYDoZE 3 minutes ago

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KRON4 News California Pizza Kitchen files for bankruptcy https://t.co/qtDMggfr3g https://t.co/I2ZxvYDoZE 11 minutes ago

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KCBS 106.9 FM/740 AM đźŤ• The company is looking to cut its debt by $230M. https://t.co/2iW1GvxQKX 16 minutes ago

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Andrew S RT @mercnews: California Pizza Kitchen files for bankruptcy, will close unprofitable locations https://t.co/MN24HQfJEY 19 minutes ago

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joefox RT @lisaabramowicz1: California Pizza Kitchen files for bankruptcy. “For many restaurants, the Covid-19 pandemic will be the greatest chall… 25 minutes ago

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