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Firehouse Subs is hot, posting double-digit revenue and unit increases last year with even bigger gains anticipated this year. Don Fox, chief executive officer, credits the surge in part to loosening of credit markets, which enabled it to open 43 stores last year and 30 as of mid-May this year, with another 50 to 70 to be added by year's end.
An affiliate of Golden Gate Capital has reached an agreement to purchase California Pizza Kitchen, Inc. (NASDAQ:CPKI) for approximately $470 million. The transaction is currently expected to close in the third quarter of this year.