In what year did Checkersrallys merge with Rally's?
Checkersrallys Franchise · 2025 FDDAnswer from 2025 FDD Document
In September 1991, CDI was incorporated as a Delaware corporation. We conduct business under our corporate name and the names Checkers and Rally's. We have owned, operated and franchised Checkers restaurants since 1991 and Rally's restaurants since our merger with Rally's in August 1999.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 91)
What This Means (2025 FDD)
According to Checkersrallys's 2025 Franchise Disclosure Document, Checkers and Rally's Restaurants, Inc. merged in August 1999. Specifically, Checkers and Rally's Restaurants, Inc. ("CRRI") merged with and into Holdings. Following the merger, Holdings became CDI's immediate parent.
This means that the two brands have been operating under the same parent company since that time. For a prospective franchisee, this indicates a long-standing relationship between the two brands, which could translate to operational synergies or shared resources.
It is important to note that while the brands merged in 1999, the parent company structure has evolved since then, including an Out-of-Court Restructuring effective June 16, 2023. This restructuring resulted in changes to the financial statements, creating "Predecessor" and "Successor" periods that are not directly comparable.