CKE Restaurants
 |
|
| Private | |
| Industry | Restaurants |
| Founded | January 1, 1966 |
| Founder | Carl Karcher |
| Headquarters | Carpinteria, California, USA |
|
Key people
|
Carl Karcher (deceased) Andrew Puzder (CEO) |
| Revenue |
 $ 1.280 billion (FY 2012) |
|
$68.897 million (FY 2012) |
|
|
$-6.261 million (FY 2012) |
|
| Total assets |
 $1.480 billion (FY 2012) |
| Total equity |
$414.7 million (FY 2012 |
| Owner | Roark Capital Group |
|
Number of employees
|
20,200 (Jan 2012) |
| Website | ckr.com |
CKE Restaurants Holdings, Inc., is the parent company of the Carl's Jr., Hardee's, Green Burrito, and Red Burrito quick-service restaurant ("QSR") brands. The company's headquarters are located in Carpinteria, California. On March 4, 2016, CKE Restaurants Holdings, Inc. announced that they would be consolidating their corporate offices in St. Louis, Missouri and Carpinteria, California and moving them to the Nashville, Tennessee area at the Franklin Park office complex. CKE’s Anaheim, Calif.-based office will remain open.
As of March 2016, CKE has a total of 3,664 franchised or company-operated restaurants in 44 states and 38 foreign countries and U.S. territories. It is a privately-held company.
The company was incorporated in 1966 by Carl's Jr. founder Carl Karcher.
In 1996, CKE acquired Rally's and Taco Bueno. Rally's was later sold to Checkers in 1999. Checkers and Rally's now follow a similar concept as CKE has for its Carl's Jr. and Hardee's chains. Taco Bueno was sold in 2001 when private investment group Jacobson Partners purchased the chain for $72.5 million US dollars to help aid CKE Restaurants in a debt battle.
In 1997, CKE acquired Hardee's from Canadian-based company Imasco Limited.
In September 2000, Andrew Puzder was named CEO and he continues to serve in this role today.
In March 2002, CKE purchased Santa Barbara Restaurant Group, Inc. (SBRG), acquiring with it direct ownership of the Green Burrito brand.
On February 26, 2010, THL Partners agreed to acquire CKE Restaurants Inc. However, CKE Restaurants was, instead, acquired by Columbia Lake Acquisition Holdings, Inc., an affiliate of Apollo Management VII, L.P. in July 2010, after CKE accepted a $693.9 million takeover offer from Apollo Global Management, ending the earlier takeover agreement with THL Partners.
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