One of the nation’s largest restaurant chains, California Pizza Kitchen or commonly known as CPK, filed for bankruptcy Thursday—leaving many to wonder of the fate of its 250 locations worldwide, including the two here in Long Beach.
That fate, as for now, seems to be mostly undetermined as most locations will remain open while the company restructures its entire financial backbone. According to the filing, the chain will shutter multiple locations deemed unprofitable while it seeks $46.8 million in financing after having already received $30 million from outside lenders in April.
“CPK locations are open and are continuing to operate in accordance with all local COVID-19 guidelines throughout the restructuring process, including Long Beach,” representative Heather Wilson told the Post. “Prior to yesterday’s filing, CPK closed several company-owned restaurants in the U.S. due to the impact of the COVID-19 pandemic and lease related challenges with its landlords. The company is in discussions with its landlords to determine its go-forward plan in regards to certain other locations.”
This is also not the first of a major chain to face trouble during the COVID-19 pandemic, especially ones that have affected Long Beach’s local food scene: Rock Bottom Brewery, Chuck E Cheese, and Claim Jumper are just a few of the chains that have closed locations both locally and nationally.
California Pizza Kitchen is located at 61 S. Pine Ave and 6417 E. Pacific Coast Hwy.
Support our journalism.
Hyperlocal news is an essential force in our democracy, but it costs money to keep an organization like this one alive, and we can’t rely on advertiser support alone. That’s why we’re asking readers like you to support our independent, fact-based journalism. We know you like it—that’s why you’re here. Help us keep hyperlocal news alive in Long Beach.