CKE Restaurants

CKE Restaurants, Inc.

Type	Private
Industry	Restaurants
Founded	1964
Founder(s)	Carl Karcher
Headquarters	Carpinteria, California, USA
Key people	Carl Karcher (deceased) Andrew Puzder
Revenue	$5.567 billion USD (2007)
Net income	$201.4 million USD (2007)
Owner(s)	Apollo Management
Employees	157,300 (2006)
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. 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.^[1] 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. The company acquired Hardee's in 1997 from Imasco.

The current CEO is Andrew Puzder, who has served as CKE CEO since September 2000.^[2]

On February 26, 2010, THL Partners agreed to acquire CKE Restaurants Inc.^[3] Ultimately CKE accepted a $693.9 million takeover offer from Apollo Management, ending the earlier takeover agreement with THL Partners.

References

1. ^ CKE to sell La Salsa Fresh Mexican Grill | Restaurant Operations | QSR Web
2. ^ CKE Restaurants
3. ^ http://www.businessweek.com/news/2010-02-26/carl-s-jr-owner-cke-bought-by-thomas-h-lee-partners-update1-.html

External links

• CKE Restaurants corporate website
• 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