CKE Restaurants
 | |
| Type | Private |
|---|---|
| Industry | Restaurants |
| Founded | 1964 |
| Founder(s) | Carl Karcher |
| Headquarters | Carpinteria, California, USA |
| Key people |
Carl Karcher (deceased) Andrew Puzder (CEO) |
| Revenue |
 $ 1.280 billion (FY 2012)[1] |
| Operating income |
$68.897 million (FY 2012)[1] |
| Net income |
$-6.261 million (FY 2012)[1] |
| Total assets |
 $1.480 billion (FY 2012)[1] |
| Total equity |
$414.7 million (FY 2012[1] |
| Owner(s) | Apollo Management |
| Employees | 20,200 (Jan 2012)[1] |
| Website | ckr.com |
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
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 , 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
- ↑ 1.0 1.1 1.2 1.3 1.4 1.5 "CKE Restaurants, Form 10-K, Annual Report, Filing Date Apr 11, 2012". secdatabase.com. Retrieved Mar 26, 2013.
- ↑ 2.0 2.1 "CKE Restaurants, Form 10-Q, Quarterly Report, Filing Date Dec 12, 2012". secdatabase.com. Retrieved Mar 26, 2013.
- ↑ "CKE Restaurants, Form 8-K, Current Report, Filing Date Jun 1, 2007". secdatabase.com. Retrieved Mar 26, 2013.
- ↑ "CKE Restaurants, Form 8-K, Current Report, Filing Date Sep 6, 1996". secdatabase.com. Retrieved Mar 26, 2013.
- ↑ "CKE Restaurants, Form 8-K, Current Report, Filing Date Mar 20, 2001". secdatabase.com. Retrieved Mar 26, 2013.
- ↑ "CKE Restaurants, Form 8-K, Current Report, Filing Date May 5, 1997". secdatabase.com. Retrieved Mar 26, 2013.
- ↑ CKE Restaurants
- ↑ "CKE Restaurants, Form 8-K, Current Report, Filing Date Feb 26, 2010". secdatabase.com. Retrieved Mar 26, 2013.
- ↑ "CKE Restaurants, Form 8-K, Current Report, Filing Date Apr 27, 2010". secdatabase.com. Retrieved Mar 26, 2013.
- ↑ http://www.reuters.com/article/2013/11/20/us-cke-roark-idUSBRE9AJ01O20131120
External links
- CKE Restaurants corporate website
- CKE Restaurants SEC Filings
- Diners Walk Through One Door and Visit Two Restaurants (Article in the New York Times on the strategy of multi-branding restaurants)
- CKE Restaurants management team listing & bios
- CKE Restaurants corporate website
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