Carl’s Jr. Heads to Latin America and Caribbean with IMC Deal
Expansion plans include Colombia, Dominican Republic, Panama and Puerto Rico.
CARPINTERIA, Calif.--(BUSINESS WIRE)--CKE Restaurants, Inc. announced today that it has entered into a five-year development agreement with Airport Shoppes Corp., a subsidiary of International Meal Company (IMC), with plans to open approximately 50 Carl’s Jr.® restaurants in four new markets: Colombia, Dominican Republic, Panama and Puerto Rico.
“Latin America and the Caribbean have a wealth of untapped market potential for a restaurant brand like Carl’s Jr. that offers best-in-class products, services and facilities”
IMC is a leading multi-brand casual and quick-service restaurant operator in Latin America with more than 200 company-owned restaurants and 8,000 employees in the Caribbean, Mexico and Brazil.
“Latin America and the Caribbean have a wealth of untapped market potential for a restaurant brand like Carl’s Jr. that offers best-in-class products, services and facilities,” said Ned Lyerly, executive vice president of global franchise development for CKE Restaurants. “With its collective knowledge of these markets, established presence and track record of successful growth, IMC is the perfect partner to bring the quality of the Carl’s Jr. brand to these regions.”
“Carl’s Jr. will be warmly welcomed in the Caribbean and Latin America,” said Francisco Javier Gavilán Martin, CEO of IMC. “The company’s heritage in premium-quality, great-tasting products and amenities such as all-you-can-drink beverages and partial table service make them impossible to resist.”
CKE Restaurants’ global network has expanded to 3,219 restaurants in 26 countries with annual sales of US $3.4 billion. CKE continues to place a major emphasis on expanding its international presence and now operates more than 420 franchise restaurants outside of the United States.
For more information on how to franchise a Carl’s Jr., please visit www.ckefranchise.com/carlsjr or call 866/253-7655.
About Carl’s Jr.
Carl’s Jr. is celebrating more than 70 years in the quick-service industry. What began as a lone hot dog cart in Los Angeles, Calif., in 1941 is today a wholly owned subsidiary of CKE Restaurants, Inc. of Carpinteria, Calif. As of the end of Q3 fiscal 2012, CKE, through its subsidiaries, had a total of 3,219 franchised, licensed or company-operated restaurants in 42 states and in 23 countries, including 1,292 Carl’s Jr. restaurants and 1,917 Hardee’s® restaurants. For more information on CKE Restaurants, visit www.ckr.com, or for brand information, visit www.carlsjr.com. Carl’s Jr. social media sites include www.facebook.com/carlsjr, www.twitter.com/carlsjr and www.youtube.com/carlsjr.
IMC is the leading multibrand casual and quick-service restaurant operator in Latin America, with more than 200 company-owned restaurants and 8,000 employees in the Caribbean, Mexico and Brazil. IMC has a strong presence in airports, motorways and shopping malls, and is well recognized for its quality food and service. IMC’s goal is to be the largest food-service company in Latin America, with plans for organic expansion and creative acquisitions in multiple markets. For more information on IMC visit our investor relations website www.internationalmealcompany.com/ir or for brand information visit www.internationalmealcompany.com.
CKE Restaurants, Inc.
IMC Holdings S.A.