Tuesday, June 7, 2011

California Pizza Kitchen inks franchise deal to expand into Taiwan

California Pizza Kitchen, Inc (CPK) has signed an agreement to expand into Taiwan with new franchise partner, Quanta Foods. As part of the agreement, a minimum of six new California Pizza Kitchen restaurants are expected to open in Taiwan over the next five years.

“We are proud to be a global brand and whenever we are able to introduce our innovative menu into a new country, it is an opportunity we pursue,” said Rick Rosenfield and Larry Flax, co-founders and co-CEOs of CPK. “Quanta Foods has a great success record in Taiwan and we are pleased to partner with them on this venture.”

Quanta Foods has been in the restaurant business for over twenty years and was previously a joint-venture partner in Taiwan with such brands as McDonald’s and TGI Friday’s. Currently, Quanta Foods is the exclusive franchisee for Outback Steakhouse in Taiwan, as well as the operator of other independent restaurants in the market.

Founded in 1985, CPK is a leading casual dining chain featuring an imaginative line of hearth-baked pizzas, including the original BBQ Chicken Pizza, and a broad selection of distinctive pastas, salads, appetizers, soups, sandwiches and desserts. Of the chain’s 265 restaurants, 205 are company-owned and 60 operate under franchise or license agreements. There are currently 35 restaurants located internationally in China, Japan, Philippines, Malaysia, Singapore, Mexico, South Korea, Guam, India, Indonesia and United Arab Emirates.

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