This beloved pizza chain may have to close 250 locations
After struggling to struggle with the pandemic, this pizza chain must finally declare the bankruptcy of Chapter 11.
AlthoughA national sale of the pizza chain exploded During the coronavirus pandemic, we can not tell the same for other restaurants. The differentiator here is that the aforementioned range has aDelivery-based model While the pizza chains that rely on sitting rooms sitting down collapsed. A beloved pizza chain that struggled throughout the pandemic was finally had to declare the bankruptcy of Chapter 11 after a 5-month pandemic battle: California Pizza cooking.
On July 30, the California-based pizza chain officially officially submitted the documents. It has cited financial problems because of the Pandemic of COVID-19 as the cause of its bankruptcy statement, according toNews from the Nation's restaurant.
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While Jim Hyatt, CEO of California Pizza cooking, expects the company to rise ashes and "quickly emerges from bankruptcy as a much stronger business" after the restructuring of its debt,This bankruptcy puts the more than 250 pizza chain sites. As part of its restructuring plan, CPK will have to close unprofitable locations, but the final number remains to be seen.
Since February, the casual pizza chain has everything possible to stay afloat. When it had to close dining rooms due to coronavirus restrictions, CPK has swiveled for salemeal kits through its "CPK market" service. Although this tactic has helped some restaurants, 46 CPK restaurants that have not been able to provide this service should close temporarily and finish permanently.
California Pizza Kitchen joins a long list ofMain catering chains that have deposited for bankruptcy During COVID-19.
It is not surprising that the pandemic has struck the restaurants - and difficult. As it was a bit easy for fast food restaurants to pivot a road model, we can not say as many restaurants sitting like CPK. While Californian pizza cuisine can emerge from bankruptcy with many of their locations, this chain is one of the lucky. More15,000 restaurants had to close permanently During the coronavirus, the figures still climbing as states decreases dinner closure mandates as a coronavirus peak.
If you decide to visit one of the remaining open restaurants, be sure to protect your health taking into account these7 mistakes that you should not do in a reopened restaurant.
