CKE Restaurants enters into agreement to open Carl's Jr. restaurants in Bahamas over next five years; first restaurant scheduled to open later this year
January 9, 2012
– CKE Restaurants, Inc. announced today that it has entered into a definitive development agreement with AML Foods Limited to build Carl’s Jr.® restaurants in the Bahamas over the next five years. The first restaurant is scheduled to open later this year. AML is a well-recognized and established Bahamian company with vast experience in food services, retail and club store operations.
“The Bahamas is an attractive quick service restaurant market and AML’s strong track record in consumer retailing and the food services industry makes them an ideal partner for us,” said Ned Lyerly, Executive Vice President of Global Franchise Development for CKE Restaurants. “We share their core values of exceeding consumer expectations for quality, value and service and know that the Carl’s Jr. brand will be well received in the Bahamas. Consumers all over the globe have a healthy appetite for our great-tasting premium products.”
“Carl’s Jr. offers a premium positioning and best-in-class products, services and facilities which were very appealing to us. We know the brand will resonate with Bahamians, who are highly enthusiastic QSR consumers,” said Gavin Watchorn, President and CEO of AML Foods. “We look forward to working closely with the CKE team to introduce their innovative product line and unique marketing to the Bahamas.”
CKE’s restaurant network has expanded to 3,219 restaurants in 25 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 419 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.
About AML Foods Limited
AML Foods Limited was incorporated in 1989 in The Bahamas and is listed on the Bahamas International Securities Exchange. The Company and its subsidiaries are primarily engaged in the operations of retail and club stores offering dry and perishable food items and other consumer products, and the operation of a food franchise business. AML Foods Limited Food Distribution includes its retail division - Solomon’s SuperCenter Nassau, Solomon’s Freeport and Solomon’s Fresh Market – and its club division - Cost Right Nassau and Cost Right Freeport; the Company’s Franchise Division consists of eleven Domino’s Pizza locations in Nassau and Freeport. The registered office of the Company is at One Millars Court, off Shirley Street, Nassau, New Providence, Bahamas and the corporate office is at Town Centre Mall, Upper Level, Blue Hill Road, Nassau, New Providence, Bahamas, Tel: 242.677.7200.
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