California Pizza Kitchen to enter Indian market; inks alliance with two firms
Nasdaq-listed California Pizza Kitchen, Inc. (CPK) has informed that it has entered into an agreement with new franchise partners JSM Corporation Pvt. Ltd. (JSM) and Daud Arabian Trading to expand its footprints in India.
California Pizza Kitchen, well known within the food industry as CPK, is a casual dining restaurant chain that specializes in California-style pizza. The restaurant was started in 1985 by attorneys Rick Rosenfield and Larry Flax in Beverly Hills California, USA.
As part of the agreement, a minimum of 15 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.
JSM Corporation is a leading restaurant group based in Mumbai and is the exclusive franchisee for Hard Rock Café across India. The company operates the Asian- inspired Shiro Concept and other independent restaurants.
Daud Arabian Trading, headquartered in the UAE, is a subsidiary of The Daud Group of Oman which has additional operations throughout the Arab Gulf, Taiwan and India.