CKE Restaurants

CKE Restaurants, Inc.
Private
Industry Restaurants
Founded 1964
Founder Carl Karcher
Headquarters Carpinteria, California, USA
Key people
 Carl Karcher (deceased)
Andrew Puzder (CEO)
Revenue Increase $ 1.280 billion (FY 2012)[1]
Increase $68.897 million (FY 2012)[1]
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]
Owner Roark Capital Group
Number of 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 and 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 Global Management, ending the earlier takeover agreement with THL Partners.[9]

On November 20, 2013, Roark Capital Group 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. ↑ 1.0 1.1 1.2 1.3 1.4 1.5 "CKE Restaurants, Form 10-K, Annual Report, Filing Date April 11, 2012" (PDF). secdatabase.com. Retrieved March 26, 2013.
  2. ↑ 2.0 2.1 "CKE Restaurants, Form 10-Q, Quarterly Report, Filing Date December 12, 2012". secdatabase.com. Retrieved March 26, 2013.
  3. ↑ "CKE Restaurants, Form 8-K, Current Report, Filing Date June 1, 2007". secdatabase.com. Retrieved March 26, 2013.
  4. ↑ "CKE Restaurants, Form 8-K, Current Report, Filing Date September 6, 1996". secdatabase.com. Retrieved March 26, 2013.
  5. ↑ "CKE Restaurants, Form 8-K, Current Report, Filing Date March 20, 2001". secdatabase.com. Retrieved March 26, 2013.
  6. ↑ "CKE Restaurants, Form 8-K, Current Report, Filing Date May 5, 1997". secdatabase.com. Retrieved March 26, 2013.
  7. ↑ "Management Team". CKE Restaurants. Retrieved April 29, 2015.
  8. ↑ "CKE Restaurants, Form 8-K, Current Report, Filing Date February 26, 2010". secdatabase.com. Retrieved March 26, 2013.
  9. ↑ "CKE Restaurants, Form 8-K, Current Report, Filing Date April 27, 2010" (PDF). secdatabase.com. Retrieved March 26, 2013.
  10. ↑ Oran, Olivia (November 20, 2013). "Roark Capital to buy CKE Restaurants from Apollo". Reuters. Retrieved April 29, 2015.

External links