, Nation’s Restaurant News, and elsewhere, does not mean that the company is closing its more than 250 locations permanently, though it does put the popular chain in dire straights.
The bankruptcy filing was made today in the state of Texas, and offers a glimpse of the restructuring efforts ahead meant to save the company. They include shuttering multiple “unprofitable” locations and working to reduce its considerable corporate debt — including seeking nearly $50 million in financing moving forward.The company has just $13.
California Pizza Kitchen is far from the first national chain to experience a troubling downturn during these past six months. The Cheesecake Factory
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