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Article: California Pizza Kitchen Signs Franchise Deal to Expand into India.
- Article from:
- Journal of India
- Article date:
- August 18, 2009
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California Pizza Kitchen, Inc. (CPK) (Nasdaq:CPKI) announced an agreement today with new franchise partners JSM Corporation Pvt. Ltd. (JSM) and Daud Arabian Trading to expand into India. As part of the agreement, a minimum of fifteen new California Pizza Kitchen full-service restaurants are expected to open in India over the next ten years with the first restaurant scheduled to open in the summer of 2010.
"We are thrilled to be expanding our CPK brand into India, a country with a growing consumer economy and that represents one of the world's largest emerging markets," stated Rick Rosenfield and Larry Flax, co-founders and co-CEOs of California Pizza Kitchen.
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