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Article: CKE Restaurants, Inc. Announces Sale of La Salsa Fresh Mexican Grill(R) Restaurants.
- Article from:
- PR Newswire
- Article date:
- May 30, 2007
CopyrightCOPYRIGHT 2007 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CARPINTERIA, Calif., May 29 /PRNewswire-FirstCall/ -- CKE Restaurants, Inc. , owner, operator and franchisor of the Carl's Jr.(R), Hardee's(R), and La Salsa Fresh Mexican Grill(R) restaurant brands, announced today that it has entered into an agreement for the sale of its La Salsa Fresh Mexican Grill restaurants. La Salsa is being acquired by Thousand Oaks, Calif.-based Baja Fresh Mexican Grill(R), led by David Kim and M Plus Capital, which is based in Santa Monica, Calif. Under the agreement, Santa Barbara Restaurant Group, Inc., a wholly-owned subsidiary of CKE, is expected to sell its 100 percent equity interest in La Salsa, Inc. and La Salsa of Nevada, Inc. The ...