CKE Pondering Texas Move

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CKE Restaurants Inc., parent of the Carl’s Jr. fast-food chain, is considering moving its headquarters from Carpinteria to Texas, which its chief considers to be more business friendly.

Chief Executive Andrew Puzder reportedly met with Texas Gov. Rick Perry on Monday to talk about a possible move to the state, the Dallas Morning News reported prior to the event. The chain owns or franchises 3,141 Carl’s Jr. and Hardee’s restaurants in 42 states and several countries, and has been making a big push into the Texas market.

“We’re going to look at whatever is a good business reason to move,” Puzder told the Morning News, adding that it is “easier to open a restaurant in Shanghai than in California” and he was looking forward to a 10 percent pay raise because Texas has no income tax.

The Carpinteria company was taken private in July in a $694 million deal with an affiliate of Apollo Management VII LP. The deal, which included assumed debt, was valued at roughly $1 billion. When the deal was first announced in May, Puzder had told the 179 employees at the Carpinteria headquarters that no major changes were planned.

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