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California Pizza Kitchen marks Manila, Daegu, Salt Lake City restaurant openings

New franchise restaurants open in high-profile global markets

California Pizza Kitchen opened three new restaurants in high-profile markets recently, with international renown: Manila, Philippines; Daegu, South Korea; and Salt Lake City. The California Pizza Kitchen (CPK) at The New South Lake City Airport (SLC) was unveiled within an ongoing $4.1B project that just completed its first-phase opening.

The Manila CPK represents the 5th restaurant in that market, while the Daegu unit becomes the 7th in South Korea. All three of the new locations are franchise-operated. The Philippines government recently eased COVID-19 restrictions, paving the way for the opening in Manila at the Evia Mall. At The New SLC, CPK opened in Concourse A West.

[Related article: CPK opens at The New Salt Lake City Airport]

CPK underwent a restructuring process and the latest openings reflect its financial health, the 35-year-old company said in a statement. In the summer, it announced that the company would file a voluntary Chapter 11 and convert much of its debt to equity. In addition, CPK received commitments for a new influx of financing to the tune of $46.8M.

“This has been truly an unprecedented year due to COVID-19 headwinds, but these openings and future construction highlight the confidence we and our partners have in the strength of the brand and its restructuring plan,” said Giorgio Minardi, EVP, Global Development & Franchise Operations at CPK.

The Los Angeles-based casual–dining chain’s California-style pizzas, creative salads, and better-for-you Power Bowls & Cedar Plank Salmon have led to a strong following and 200 locations globally.

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Minardi added “We’re very proud to partner with Pie Co. (Manila), Seoulland (South Korea) and HMSHost (SLC) and expand our franchise relationships in these three CPK Markets. It takes a lot of trust, passion and strength during these times to make such an investment and these openings are a clear indication of that commitment.”

Photo credit: California Pizza Kitchen (featured preview image: archive photo)

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