April 13, 1990 |
Carl Karcher Enterprises Inc. said Thursday that it lost $8.9 million in the fourth quarter largely due to the establishment of a reserve to pay for the restructuring of its struggling Arizona operations. The company set aside $14.5 million in the three-month period ended Jan. 29 for the restructuring, which could involve the sale, closing or franchising of its 40 Carl's Jr. outlets in Arizona.
April 26, 1989 |
Carl Karcher Enterprises, the Anaheim-based fast-food chain, has paid $3.1 million for 10 Wendy's restaurants in Arizona. The company plans to convert the stores to Carl's Jr. restaurants within 60 to 150 days. Karcher Enterprises has said that over the next 2 years it plans to add more than 100 company-owned restaurants and 20 franchised units to its inventory in the Western United States. Most of those stores are slated for Arizona and sections of Northern California. Karcher Enterprises now owns or franchises 482 Carl's Jr. restaurants in California, Arizona, Nevada and Southern Oregon.
November 16, 1999 |
Marie Callender Pie Shops Inc., a chain that began churning out pies as a family business 51 years ago, was sold Monday by its current parent to a New York-based investment firm for $150 million. The new owner, Castle Harlan Partners III, wants to increase the Orange-based chain's presence outside California, where 72% of its 166 restaurants are located. Marie Callender's management team will remain intact, and six of its top executives will become investment partners.
May 25, 1990 |
In the land of the Happy Star, few people could be happier than the four Carl Karcher Enterprises executives who were named Thursday as new franchisees of 19 Carl's Jr. restaurants in Arizona. "I'm really happy," said Mark Clarke, who is leaving his post as regional director of Karcher's operations in Arizona to take over management of seven Carl's Jr. restaurants in the greater Phoenix area. "There are not many times you get to go to work for yourself."
December 19, 1990 |
Fast-food chain Carl's Jr. said today it will ban smoking in all 426 company-owned restaurants on Jan. 1, making it the first fast-food chain to do so. Carl's, which operates restaurants in Arizona, California, Nevada, Oregon and Japan, said it was making the move because of the benefits of "an improved dining experience and healthier atmosphere." The restaurant's parent company, Carl Karcher Enterprises Inc. of Anaheim, said it was also encouraging its 142 franchisees to adopt the ban.
June 16, 1990 |
Carl Karcher Enterprises has settled a year-old lawsuit filed by Wendy's International over the Anaheim-based firm's purchase of 10 Wendy's locations in Arizona, the companies said Friday. Wendy's, a fast-food chain based in Dublin, Ohio, last June sued Karcher Enterprises and a Wendy's franchisee, Ronald Brown, after Brown sold his Wendy's locations to Karcher in March, 1989. The locations are in Tucson, Flagstaff and Prescott.