Hardee's

Food

Texture is trending on menus as consumers seek multi-sensory eating experiences

Crunch, creaminess and other textural food components are becoming as important as flavor when it comes to menu innovation.

Leadership

Joe Guith named CEO of Hardee's and Carl's Jr. owner CKE Restaurants

The former Church’s Texas Chicken chief executive will take over leadership of the struggling, Roark Capital-owned burger chains.

CKE Restaurants, which also owns the burger chain Hardee’s, has separated its two fast-food brands and its international development under a trio of executives.

CKE Restaurant Holdings named former Cracker Barrel executive Jennifer Tate CMO, while it named ex-Yum Brands executive Mike Lenihan CFO.

High Bluff Capital Partners won bidding for 81 of the 108 locations for $16 million. Hardee’s parent CKE Restaurants is buying another nine locations.

A company apparently controlled by High Bluff Capital, the investment firm that owns the restaurant chains, is the stalking horse bidder for half of the 108 restaurants operated by Summit Restaurant Holdings.

The Bottom Line: Soaring food and labor costs made it a lot more difficult for restaurants to generate a profit last year. But both Hardee’s and Burger King had long-term problems that played a bigger role in those bankruptcy filings.

Summit Restaurant Holdings, which once operated 145 Hardee’s restaurants in Alabama, Florida, Georgia, South Carolina, Kansas, Missouri, Montana and Wyoming, plans to seek a buyer.

The burger brands are taking the technology from Presto nationwide after tests showed a significant revenue boost.

The former Papa Johns operations chief will take over as CEO of CKE Restaurants for Ned Lyerly.

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