Good Lifestyle

Because thePandemic of Covid-19 Is far from over, many restaurants are still confronted with an uncertain future. While some are currentlyshut down-either voluntarily or because of government orders - others likePizza California Cuisine start to return after an unprecedented year.

Just CPKannouncement The completion of a debt transaction for the equity and disposal of $ 220 million of debt only three months after the deposit of Chapter 11bankruptcy in July. With its finished financial restructuring, the company focuses on investment in its digital presence and marketing, by developing its global franchise imprint, continuing fromUpdate its menu with healthy piers (like the new BBQ chicken pizza)and relying on its success off local during the pandemic. The channel has also announced that itwould not close additional restaurants.

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"We are delighted to embark on this next chapter for CPK and build our current dynamics," said CEO Jim Hyatt in a statement. "We are a stronger and healthier business as a result of restructuring and we are looking forward to providing more our innovative cuisine and inspired by California to our faithful community of CPK."

The year has been quite Russian mountains for the rapid casual pizza chain. Sales decreased by 77% in the spring before the bankruptcy declaration.An auction to sell the assets of the company was canceled in early October because there were no qualified bidders. The financial restructuring followed.

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