California Pizza Kitchen (CPKI)

California Pizza Kitchen announced the expansion of their original agreement with Gourmet Gulf Company, an existing franchise partner.

Under the new agreement, Gourmet Gulf Company will develop 19 restaurants throughout the Middle East over the next 10 years. During the term of the agreement at least one California Pizza Kitchen restaurant is planned to open in each of the following Persian Gulf countries: United Arab Emirates, State of Kuwait, Sultanate of Oman, Kingdom of Saudi Arabia, State of Qatar and the Kingdom of Bahrain.
"We are pleased with the work Gourmet Gulf Company has done to bring our innovative brand to the UAE," stated Rick Rosenfield and Larry Flax, co-founders and co-CEOs of California Pizza Kitchen. "We look forward to further expansion throughout the Middle East under this new agreement."

Headquartered in Dubai, UAE, Gourmet Gulf Company is a joint venture between Daud Arabian Trading Co. LLC and Itihad International Investment Company. It is a leading regional restaurant holding group that owns and manages concept brands such as Gourmet Burger Kitchen, Morelli's Gelato, and Yo! Sushi.

Jan 14 · 6:58:00 AM · Source: Company Press Release
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by Rich Pike