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Stock impact report

5 Years After Bankruptcy, This Iconic California Pizza Chain Has A New Owner [Yahoo! Finance]

Wingstop Inc. (WING) 
Last wingstop inc. earnings: 2/19 07:30 am Check Earnings Report
US:NASDAQ Investor Relations: ir.wingstop.com/overview/default.aspx
Company Research Source: Yahoo! Finance
Founded in 1985 in Beverly Hills, California, the restaurant started as a pioneer in the casual dining space, operating sit-down restaurants that brought the upscale "California-style" pizzas of Wolfgang Puck's Spago to the masses. The success of California Pizza Kitchen's then-unique barbecue chicken pizza led to a quick expansion and then a sale to PepsiCo in the mid-'90s. Since then, the pizza chain has been repeatedly sold and seen its fortunes wax and wane as it expanded into frozen meals and food courts. When 2020 hit, the already struggling brand was pushed into bankruptcy by the COVID-19 pandemic. But now, five full years later, it looks like another new chapter may be starting for CPK. As reported by Reuters , an investment group led by Consortium Brand Partners has agreed to purchase the pizza chain, along with supporting financing from Eldridge Industries, Convive Brands, and Aurify Brands. The constellation of financial organizations has purchased California Pizza Kitche Show less Read more
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