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

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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Zeta Global stock jumps 69% in three months, driven by strong AI business growth.

Zeta Global stock jumps 69% in three months, driven by strong AI business growth.

Zeta Global's stock surged 69% over the past three months, significantly outperforming its benchmark's 4% gain. The company’s accelerating business performance, especially in AI-powered services, supports continued optimism about its future prospects...

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Primo Brands rated BUY after strong 2Q26 results and attractive valuation discount.

Primo Brands rated BUY after strong 2Q26 results and attractive valuation discount.

Primo Brands Corporation received a BUY rating following robust second-quarter 2026 results, improved operating leverage, and a favorable valuation discount. The company raised its 2026 sales guidance to 2–4% growth, driven by strong premium brand pe...

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Wistron shares drop 6% after $1.5B share sale to fund raw material purchases for AI expansion

Wistron shares drop 6% after $1.5B share sale to fund raw material purchases for AI expansion

Wistron Corporation's shares fell over 6% after announcing a $1.47 billion global depositary receipt offering to raise funds for raw material purchases. The offering involves 25 million receipts priced at a 5.5% discount, representing about 7.29% of ...

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Man recovers $4.4M in Bitcoin after 12 years following exchange collapse

Man recovers $4.4M in Bitcoin after 12 years following exchange collapse

A British man known as Chris reclaimed 61 BTC worth $4.4 million after 12 years of legal battle following the 2014 collapse of Intersango, a UK bitcoin exchange. Initially buying bitcoin in 2011, Chris left his coins in the exchange custody, which sh...

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XPENG launches world's first advanced humanoid robot production line, marking shift to mass manufacturing.

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