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California Pizza Kitchen co-founder shares insights on the chain's rise, bankruptcy, and hopeful comeback.

Market News
15 Aug 2026
Fox Business
View Source
Neutral
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California Pizza Kitchen (CPK), founded in 1985 by former prosecutors Rick Rosenfield and Larry Flax, revolutionized casual dining with its California-style pizza and grew to over 200 locations worldwide. After being acquired by Golden Gate Capital in 2011, the chain faced financial difficulties worsened by the COVID-19 pandemic, leading to a Chapter 11 bankruptcy filing in 2020. Rosenfield believes the private equity ownership damaged the brand's culture, contributing to its decline. However, under new ownership by Consortium Brand Partners since December 2025, CPK has emerged from bankruptcy and is poised for a comeback, with Rosenfield optimistic about restoring the brand to new heights.

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