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CKE Sells 125 More Restaurants

ORANGE COUNTY, CA-The owner of Carl's Jr. and Hardee's chains sells its highly profitable Taco Bueno division to investment group for $90 million.

By David W. Myers | Updated on September 08, 2000

ORANGE COUNTY, CA-Less than a month after announcing plans to sell 48 of its Hardee’s restaurants, locally based restaurant giant CKE Restaurants Inc. says it will sell all of its highly profitable Taco Bueno fast-food chain to a San Diego-area investment group for $90 million.

The sale to privately held Red Tail Ventures LLC, based in the San Diego County of Carlsbad, involves 125 Taco Bueno stores. The transaction will allow Anaheim-based CKE to focus on its Carl’s Jr. hamburger chains and on turning around the under-performing Hardee’s restaurants that are left in its portfolio.

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