/Carl's Jr.
Carl’s Jr targets 200 restaurant openings
The brand’s parent company has invested in CJ’s QSR Group.
Carl’s Jr is targeting over 200 restaurant openings as CKE Restaurants, the parent company of Carl’s Jr, invests in convertible notes with CJ’s QSR Group, the master franchisor for the brand in Australia.
According to CJ’s QSR Group Managing Director Andrew Firn, this investment will enable the group to expand the Carl’s Jr. brand in Australia more rapidly, with plans to open new locations in key markets across the country.
“We have ambitious plans to open hundreds of new locations in the coming years and introduce exciting new menu items that will continue to set us apart in the highly competitive QSR marke. With the support of CKE Restaurants, we are confident that we will be able to achieve our goals and continue to provide our customers with the high-quality, innovative dining experience that they have come to expect from us,” Firn said.
The convertible note is a unique financing instrument that provides CJ’s QSR Group with flexibility and the ability to convert debt into equity in the future. This structure aligns the interests of both CKE Restaurants and CJ’s QSR Group and ensures that both parties are committed to the long-term success of the Carl’s Jr. brand in Australia.
