California Pizza Kitchen Trouble was mounting for this restaurant chain well before the pandemic began. But there is a bright spot here: the company recently received court approval for a $3-million buyout by Aurify Brands. Playa Vista, Calif.-based, 250+-unit California Pizza Kitchen has filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Southern District of Texas on July 30, citing financial troubles due to the ongoing coronavirus pandemic. It emerged from bankruptcy in mid-November. (CNN) — California Pizza Kitchen is the latest fast casual chain to file for bankruptcy as the pandemic and its debt burden hampers its operations. You need to enable JavaScript to run this app. Chuck E. Cheese is the childhood staple where you longed for those gold coins so you could play all the games your heart desired while you waited for your pizza. California Pizza Kitchen - Iconic pizza chain from the West Coast closed its Preston Center location in June, after nearly 30 years. It's no surprise that the pandemic has hit restaurants — and hard. In response to these closures, the company is planning to speed up the expansion of "convenience-led formats," which includes curbside pickup, drive-thru, and mobile-only pickup locations. CPK hopes to complete the Chapter 11 restructuring process in less than three months. ", Gallery: Hertz, JC Penney and 20 More Major Companies Going Bankrupt in 2020 (GOBankingRates). It's obviously unknown how long dining restrictions will still be in place, so it's possible more Denny's could close their doors as time goes on. The Oct. 20 closure of the restaurant … Pennsylvania Cities With Most Marco's Pizza Locations. Chief Executive Officer Ray Blanchette said 20% of the company's 386 U.S. locations will close (likely permanently) as the chain tries to recover from a drastic sales decline. Then, it was acquired by Craftworks Holdings in 2018, but in March 2020, Craftworks filed for Chapter 11 bankruptcy. The chain permanently closed the last location they had on Cape Cod in June, so it seems things aren't really looking up. Get store opening hours, closing time, addresses, phone numbers, maps and directions. And, of course, for their iconic salad bar, which, has closed indefinitely because of to COVID-19. Share. If you want to start making your own salads at home, here are The Easiest Greek Salad Pizzas. Luby's is actually the parent company of both Luby's Cafeteria and Fuddruckers, and it furloughed more than half of its corporate office because of the pandemic. N.W., Ste. There are five California Pizza Kitchen locations in Georgia: ATLANTIC STATION #185: 264 19th St. You may use the search box to find Marco's Pizza locations in a specific city in Pennsylvania, or select one of the cities from the list below. Back in April, Red Robin had temporarily closed 35 locations because of the pandemic and the closures resulted in furloughing some of their restaurant workers. "The Company now has to draw people out of the comfort of their homes and has lost a number of customers who would otherwise have dined at a CPK on impulse while out for other purposes," the filing reads. Restaurants Pizza American Restaurants. California Pizza Kitchen sought Chapter 11 bankruptcy protection on Thursday, blaming "unprecedented impact" from the COVID-19 pandemic that has devastated businesses nationwide. Hopefully, these locations can last! Pizza ingredients are stuffed into pizza dough shaped like a cone for the pizza cones, a recipe Eisenhower said he found on Pinterest. It will be interesting to see if they can bounce back and if they will be able to stay open, as some states are closing again because of COVID-19 spikes. There really was nothing like those half-priced late-night appetizers from Applebee's, but the days of chowing down on their wings and spinach artichoke dip might be numbered. From Business: California Pizza Kitchen, founded in 1985, is a chain of restaurants that offers authentic California-style cuisine. STAY INFORMED: Sign up for our newsletter to get the latest food news delivered straight to your inbox. The family-run Pappas Restaurants has permanently closed five of its locations, which is about 10% of the company's spots within its hometown of Houston, Texas. The company plans to keep locations open and operating, although it has struggled to pay rent at some locations. The Westbury Plaza shopping center is an eatery short after the recent closing of California Pizza Kitchen . NPC currently operates 1,225 Pizza Hut units in 27 states and more than 385 Wendy’s units in seven states and the District of Columbia, as of Dec. 29. Photo by Amy Sussman/Getty Images. Like us on Facebook to see similar stories, Black lawmakers and activists decry police response to attack on Capitol, Biden decries Trump mob: 'Don't call them protesters. ktaylor@businessinsider.com (Kate Taylor), California Pizza Kitchen files for bankruptcy after closing stores during the pandemic. California Pizza Kitchen — the 34-year-old franchise famous for its chicken barbecue pies — will close its locations in the Northgate Mall and Bellevue on Thursday, currently the only two CPK restaurants left in the entire state (there was another location in Tukwila that closed last year). I July 2020, California Pizza Kitchen filed for Chapter 11 bankruptcy to restructure its debts. 2150, Atlanta There are 179 CPK locations in the US, as well as 36 international locations. S&P had predicted that the company would "breach its financial maintenance Dining rooms are still closed, but with drive-thru orders and curbside pickup available at locations, customers will have to wait and see if this will be enough to keep these restaurants going strong during these unprecedented times. Ruby Tuesday is known for serving up American classics like ribs, steaks, pasta, and burgers. Like us on Facebook to see similar stories, Black lawmakers and activists decry police response to attack on Capitol, Biden decries Trump mob: 'Don't call them protesters. While California Pizza Kitchen may emerge from bankruptcy with many of their locations, this chain is one of the lucky ones. The news adds California Pizza Kitchen to a growing list of restaurant chains who’ve filed for bankruptcy in recent months, which includes the parent company for Chuck E. Cheese, Le Pain Quotidien, and one of the biggest Pizza Hut and Wendy’s franchisees. CPK was launched in 1985 in Beverly Hills, California by two former federal prosecutors, and with the restaurant's hearth-baked pizzas made with unique ingredients, it soon became a people's favorite.. There is a bit of a silver lining—while it's unclear if every location will open back up, the company is said to be working hard to reopen restaurants and rehire former team members, and some locations have come back and are operating again. They also serve various kinds of pasta, salads, soups, sandwiches, and desserts. Show full articles without "Continue Reading" button for {0} hours. "The restructuring agreement includes a commitment for $46.8 million in new financing which will enable ongoing operation of CPK restaurants," CPK CEO Jim Hyatt said in a statement on Thursday. California Pizza Kitchen filed for Chapter 11 bankruptcy on Thursday. California Pizza Kitchen joins a long list of major restaurant chains that have filed for bankruptcy during COVID-19. Claimed. "Prior to the filing, CPK closed some restaurants in the United States ... We do not have plans to close any additional restaurants at this time," said CPK CEO Jim Hyatt. This Nashville, Tennessee-based steakhouse, which operated 230 locations throughout 23 states, has a rather long history. The restaurant chain first filed for bankruptcy in 2016, but was able to come out of it. Another fast-casual Mexican chain, Rubio's Coastal Grill announced they would be shutting down 7% of its locations, which includes all 12 of their Colorado and Florida locations permanently because of the pandemic. But they are taking strides to prevent filing for bankruptcy, including hiring a restructuring consultant and a bankruptcy attorney, so time will tell if all doors will shutter or if the remaining spots can survive. It's unclear what the fate of the remaining locations will be, but with indoor dining still halted in most states, things aren't looking up. After a brief search, she found the 4,000-square-foot spot at 524 Van Ness Avenue, an address that’s been home to a panoply of less-upscale restaurants like California Pizza Kitchen. Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article. ... - California Pizza Kitchen (Briargate; last local location that was still open) - Pizza Hut, Woodland Park. Save. It was announced in April that all Logan's Roadhouse locations would remain closed indefinitely. They had to temporarily close all locations because of the pandemic and sales did plummet. In June, Luby's put the business up for sale and it's unclear if Luby's Cafeteria locations will reopen. one national pizza chain's sales exploded, 15 Fast-Food Menu Items You Might Never See Again, 8 Menu Items from Disappearing Restaurants We'll Miss Most. Are Florida locations at risk of closing? Back in March, 36 Potbelly Sandwich shop locations were temporarily closed, along with corporate employees being furloughed and salaries of all executive and corporate workers cut by 25 percent. If you do decide to visit one of the remaining open restaurants, be sure to protect your health by being mindful of these 7 Mistakes You Shouldn't Make at a Reopened Restaurant. Home to the Original BBQ Chicken Pizza. Allentown (1) Lebanon (1) Lansford (1) Marco's Pizza is one of the largest Pizza Franchises in the USA with over 230 locations in 22 States. These restaurants were operated by CFRA Holdings, which filed for bankruptcy because of the pandemic. The casual dining pizza chain filed for bankruptcy at the end of July. King Of Prussia, PA 19406. The Texas-based chain has many of its locations still listed as temporarily closed as a result of the pandemic. The differentiator here is that the aforementioned chain has a delivery-based model while pizza chains that rely on sit-down dining rooms have plummeted in sales. "This proactive filing will allow us the ability to reduce our long term debt load and emerge as a much stronger company. TGI Friday's is a staple restaurant chain that has been hit hard during the pandemic. And it's unclear when an indoor food and entertainment space like this will even be allowed to thrive again…. Even though one national pizza chain's sales exploded during the coronavirus pandemic, the same can't be said for other restaurants. Prior to the pandemic, sit-down dining made up 78% of the company's sales. What's going on is that Dunkin' is closing 450 of their locations by the end of 2020, as they have ended their partnership with Speedway gas stations, which is where all the closing stores are located. They were domestic terrorists'. California Pizza Kitchen on Thursday filed for bankruptcy, with the restaurant chain saying it plans on closing some of its roughly 200 locations. California Pizza Kitchen; Search. California Pizza Kitchen. In the bankruptcy filing, CPK said that it temporarily closed 46 locations in early March that were not feasible to remain open as take-out and delivery-only businesses. There are five California Pizza Kitchen locations in Georgia: ATLANTIC STATION #185: 264 19th St. It was announced in May that 57 locations of the casual dining chain were closing and although the drive-thru, takeout, and delivery options were available, the closing of dining rooms has caused losses for the company. This Beloved Pizza Chain May Have to Close 250 Locations, These $19k SUVs Will Make You Trade in Your Car, This is a slam dunk if you want a one-card wallet in 2021, New Policy For Cars Used Less Than 49 Miles/Day. Sadly, IHOP has permanently closed 49 locations across South Carolina, North Carolina, Tennessee, and Virginia. California Pizza Kitchen. It's no surprise that the pandemic has hit restaurants — and hard. The rise of fast-casual chains such as Chipotle, Blaze Pizza, and Panera cut into CPK's business, especially around lunch, with their speedier and less expensive options. And, according to the filing, people's willingness to stay home and watch Netflix or shop on Amazon meant that fewer people were eating at restaurants within malls. The parent company of Brio Italian Mediterranean and Bravo Fresh Italian, FoodFirst Global Restaurants, filed for Chapter 11 bankruptcy in April, with 71 of its 92 locations closing permanently in April. TGI Friday's. And even food isn't safe either right now! Bonefish Grill has been lying low, but slowly, there have been locations the last few months that are closing up for good in all different states. 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