California Pizza Kitchen Signs Franchise Deal to Expand into Taiwan
06 Giugno 2011 - 10:10PM
Business Wire
California Pizza Kitchen, Inc. (CPK) (Nasdaq:CPKI) announced an
agreement today to expand into Taiwan with new franchise partner,
Quanta Foods. As part of the agreement, a minimum of 6 new
California Pizza Kitchen restaurants are expected to open in Taiwan
over the next 5 years.
“We are proud to be a global brand and whenever we are able to
introduce our innovative menu into a new country, it is an
opportunity we pursue,” stated Rick Rosenfield and Larry Flax,
co-founders and co-CEOs of California Pizza Kitchen. “Quanta Foods
has a great success record in Taiwan and we are pleased to partner
with them on this venture.”
Quanta Foods has been in the restaurant business for over twenty
years and was previously a joint-venture partner in Taiwan with
such brands as McDonald’s and TGI Friday’s. Currently, Quanta Foods
is the exclusive franchisee for Outback Steakhouse in Taiwan, as
well as the operator of other independent restaurants in the
market.
California Pizza Kitchen, Inc., founded in 1985, is a leading
casual dining chain featuring an imaginative line of hearth-baked
pizzas, including the Original BBQ Chicken Pizza, and a broad
selection of distinctive pastas, salads, appetizers, soups,
sandwiches and desserts. Of the chain’s 265 restaurants, 205 are
company-owned and 60 operate under franchise or license agreements.
There are currently 35 restaurants located internationally in
China, Japan, Philippines, Malaysia, Singapore, Mexico, South
Korea, Guam, India, Indonesia and United Arab Emirates. CPK premium
pizzas are also available to sports and entertainment fans at three
Southern California venues, Dodger Stadium, Angel Stadium of
Anaheim and STAPLES Center. Also included in the company’s
portfolio of concepts is LA Food Show Grill & Bar, which is
located in Manhattan Beach, California. The company also has a
licensing arrangement with Nestle USA, which manufactures and
distributes a line of California Pizza Kitchen premium frozen
products. For more details, visit www.cpk.com.
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