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SMALL BUSINESS
Hardee’s® Opens First Restaurant in Lahore, Pakistan
Announces New Franchise Development Agreement in Yemen
Business Wire
CKE Restaurants, Inc.
(NYSE: CKR) today announced the opening
of its first Hardee’s
® restaurant in Lahore, Pakistan. This
marks the first of at least 25 Hardee’s restaurants to be opened in
Pakistan within the next five years. The franchised Hardee’s restaurant
is operated by MDS Foods Private Limited, a subsidiary of the Super Asia
Group, a leading home appliances and automotive company in Pakistan
since 1960.
"We are pleased to announce the opening of our first restaurant in
Pakistan and are pleased to welcome MDS Foods Private Limited to the CKE
family,” said Andy Puzder, CEO of CKE Restaurants, Inc. “We have a solid
base of Hardee’s restaurants in the Middle East, strong brand awareness
in the region, and are excited about introducing the Hardee’s brand to
Pakistan. Many Pakistani people have experienced the great tasting food
of Hardee’s during their travels to the US and throughout the Middle
East. With our strong presence in the region combined with the local
talent of MDS, we are confident that we will have a bright future in the
market.”
“It is a great honor to bring Hardee’s to the Pakistan market,” added
Sohail Yousaf, CEO MDS Foods Private Limited. “We strongly feel that
there is a growing demand for quality dining experiences and are
confident that Hardee’s will raise the bar of QSR dining in Pakistan.
Our premium products, excellent service standards, premium facility and
premium location will deliver an ultimate dining experience to guests,
and give us a competitive edge in the quick-serve restaurant market. We
look forward to opening additional restaurants in Lahore over the next
12 months and have plans to open 15 Hardee’s restaurants across the
north region in the next five years.”
CKE Restaurants’ entry into Pakistan is an extension of its
international expansion strategy and the company sees a high demand for
premium quick service restaurants in the region. Hardee’s has operated
franchised restaurants in the Middle East since 1980 and currently
operates 205 Hardee’s restaurants in Egypt, Lebanon, Jordan, Kuwait,
Saudi Arabia, United Arab Emirates, Bahrain, Qatar, Oman, and now
Pakistan.
Currently, CKE franchises 338 international restaurants between both its
Carl’s Jr.
® and Hardee’s brands. The company has strategic
development plans to double its International presence within the next
five years.
In addition to the Pakistan opening, the company would also like to
announce the execution of a development agreement for three Hardee’s
restaurants in the Republic of Yemen.
About CKE Restaurants, Inc.
Headquartered in Carpinteria, Calif., CKE Restaurants, Inc. is publicly
traded on the New York Stock Exchange under the symbol “CKR.” As of the
end of its fiscal 2010 second quarter, CKE Restaurants, Inc., through
its subsidiaries, had a total of 3,140 franchised, licensed or
company-operated restaurants in 42 states and in 14 countries, including
1,212 Carl's Jr. restaurants and 1,915 Hardee's restaurants. For more
information about CKE Restaurants, please visit
www.ckr.com
or
www.hardees.com.
About MDS Foods Private Limited.
Founded in 2008, MDS Foods Private Limited is a subsidiary of the Super
Asia Group, a leading home appliances and automotive company in Pakistan
since 1960. MDS Foods Pvt. Ltd operates the food division of the Super
Asia Group and is one of many strategic business units of the company.
MDS Foods Private Limited has signed a development agreement with CKE
Restaurants, Inc. to open 15 Hardee’s restaurants in Punjab and the NWFP
Provinces of Pakistan within the next four years.
Photos/Multimedia Gallery Available:
http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6107176&lang=en
Copyright Business Wire 2009
2009-11-24 08:15:00
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