California Pizza Kitchen (CPK) will be acquired by Consortium Brand Partners, with Convive Brands CEO Jon Weber to lead restaurant operations. CPK faced bankruptcy in 2020 due to slow sales and debt. Deal terms undisclosed, expected to close late December 2025. CPK founded in 1985, operates 120+ locations worldwide. New owners plan to expand restaurant footprint, increase grocery distribution, and continue menu development. Consortium Brand Partners’ first move into restaurants, existing holdings include Outdoor Voices and Jonathan Adler. Eldridge Industries owns Le Pain Quotidien, Bain Capital Credit offers financing. Reuters reported sale nearing $300m in November 2025.

Read more at Yahoo Finance: Consortium Brand Partners-led group to acquire California Pizza Kitchen