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Did Pepsi Buy California Pizza Kitchen?

Writer Nathan Sanders

Pepsico Inc. has agreed to sell its California Pizza Kitchen chain of casual-dining restaurants to a Manhattan-based investment fund for an undisclosed price, a spokeswoman for the restaurant chain said yesterday. With much fanfare, Pepsico acquired a controlling stake in the chain in 1992 for an undisclosed price.

Does Nestle Own California Pizza Kitchen?

California Pizza Kitchen sold the rights to sell frozen pizzas in the U.S. and Canada to Kraft in 1997. Nestle acquired the agreement when it bought Kraft’s frozen pizza business for $3.7 billion in a 2010 deal that also included DiGiorno and Tombstone.

Who owns California Pizza Kitchen frozen?

Nestlé USA
California Pizza Kitchen® | Nestlé USA.

What states is California Pizza Kitchen in?

459 California Pizza Kitchen Locations in United States

  • Alabama California Pizza Kitchen locations (5)
  • Arizona California Pizza Kitchen locations (14)
  • California California Pizza Kitchen locations (151)
  • Colorado California Pizza Kitchen locations (14)
  • Connecticut California Pizza Kitchen locations (5)

Who is the CEO of California Pizza Kitchen?

Jim Hyatt (Jan 22, 2018–)
California Pizza Kitchen/CEO

They join Jim Hyatt, Chief Executive Officer of California Pizza Kitchen and a board member since January 2018. “Their combined knowledge and expertise in the food and hospitality business, corporate finance and investment strategy strengthen CPK and will help us accelerate our growth plans in the U.S. and abroad.

Is California Pizza going out of business?

California Pizza Kitchen has completed its bankruptcy restructuring with an equity transaction that eliminated more than $220 million in existing debt from its capital structure, the company said Monday. CPK had filed July 30 for Chapter 11 reorganization in the U.S. Bankruptcy Court for the Southern District of Texas.

How much does California Pizza Kitchen pay an hour?

California Pizza Kitchen Salaries

Job TitleSalary
Server salaries – 38 salaries reported$6/hr
Host salaries – 35 salaries reported$10/hr
Food Server salaries – 27 salaries reported$10/hr
Host/Hostess salaries – 22 salaries reported$10/hr

How much did California Pizza Kitchen sell for?

After more than a year of searching for a buyer, California Pizza Kitchen said Wednesday that it would be acquired by the private equity firm Golden Gate Capital for $470 million.

Is California Pizza Kitchen in financial trouble?

California Pizza Kitchen has successfully completed its financial restructuring process and emerged from Chapter 11 bankruptcy protection, according to a press release. The company completed a debt-for-equity transaction, reducing its debt load by more than $220 million and increasing liquidity.