CKE Restaurants

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CKE Restaurants, Inc.
Type Private
Industry Restaurants
Founded 1964
Founders Carl Karcher
Headquarters Carpinteria, California, USA
Key people Carl Karcher (deceased)
Andrew Puzder (CEO)
Revenue Increase $ 1.280 billion (FY 2012)[1]
Operating income Increase $68.897 million (FY 2012)[1]
Net income Increase $-6.261 million (FY 2012)[1]
Total assets Decrease $1.480 billion (FY 2012)[1]
Total equity Decrease $414.7 million (FY 2012[1]
Owners Roark Capital
Employees 20,200 (Jan 2012)[1]
Website ckr.com
Map showing the states with locations of Hardee's colored red and states with Carl's Jr.'s in yellow. States with both Carl's Jr.'s and Hardee's are colored orange.

CKE Restaurants, Inc. is the parent company of the Carl's Jr., Hardee's, Green Burrito, and Red Burrito restaurant chains.[2] Its headquarters are in Carpinteria, California. It was incorporated in 1964 by Carl's Jr. founder Carl Karcher as Carl Karcher Enterprises, Inc.

History[edit]

In 2007, it sold La Salsa fresh mex restaurants to Baja Fresh Mexican Grill.[3] From 1996 to 1999, the company also owned the Rally's drive-up hamburger chain [1], and it owned Taco Bueno from 1996 until 2001.[4][5] The company acquired Hardee's in 1997 from Imasco.[6]

The current CEO is Andrew Puzder, who has served as CKE CEO since September 2000.[7]

On February 26, 2010, THL Partners agreed to acquire CKE Restaurants Inc.[8] Ultimately CKE accepted a $693.9 million takeover offer from Apollo Management, ending the earlier takeover agreement with THL Partners.[9]

On November 20, 2013, Roark Capital agreed to acquire CKE from Apollo for $1.65-$1.75 billion.[10]

As of November 5, 2012, CKE operated 893 domestic restaurants and its franchisees operated 1,937 domestic and 462 international restaurants in the United States and 27 other countries.[2]

References[edit]

External links[edit]