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Wednesday, February 22, 2017

Burger King owner to buy Popeye's for $1.8B

The company that owns Burger King added to its fast-food empire, announcing Tuesday that it had reached a deal to acquire chicken chain Popeyes for $1.8 billion.

Restaurant Brands International, which owns Burger King and coffee-shop chain Tim Hortons, said it had agreed to purchase the rapidly growing company formally known as Popeyes Louisiana Kitchen for $79 per share.

Popeyes has more than 2,600 locations, about double what it had in 2008, and about 97% are franchises.

Restaurant Brands said it would seek to "continue developing the brand at an increasing pace" in the U.S. and foreign markets.

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8 comments:

Anonymous said...

Love that chicken from pop-eyes!

Anonymous said...

Is it going to be Prince Popeyes now?

Anonymous said...

Not a booger king fan, the stores around here all suck. I hope Popeye's survives this...

Anonymous said...

The new Burger King off Civic Ave is fantastic....great service and clean! The one by Lowes....not so much, it needs a remodeling!

Anonymous said...

Popeye's chicken is the best since English's closed.

Anonymous said...

The Lowe's location does need updating but the staff is usually very good. I visit often.

Anonymous said...

Popeye's CRUSHES Fake KFC!

Anonymous said...

I just got some yesterday as a yearly thing. The taste has changed with the recipe since last year, and not for the better.