Franchise News
FOX: Burger King and Tim Hortons Owner to Buy Popeyes for $1.8 Billion
Restaurant Brands International Inc. looks to take Popeyes global.
On Tuesday, Restaurant Brands International Inc, owner of Burger King and Tim Hortons, announced the acquisition of Popeyes Louisiana Kitchen for $1.8 billion, with plans to introduce Popeyes to diners globally. According to FOX Business, Popeyes shareholders will get $79 for each share they hold.
Popeyes Louisiana Kitchen was founded 45 years ago “as a Southern-fried ‘Chicken on the Run’ restaurant” in New Orleans, bringing in fans like pop singer Beyonce. Since then, the restaurant chain has expanded to over 2,000 restaurants.
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About the Author
Nick Powills
FollowNick Powills, CFE, founded No Limit Agency in 2008 and serves as Chief Brand Strategist for the Chicago-based firm. No Limit is a full-service communications agency that establishes and elevates brands by bridging Public Relations, Social Media, Marketing, Advertising, Digital, and a lot of creativity, to best strategize well-rounded and successful campaigns for 50+ global franchise brands. By presenting visionary ideas and building real relationships, No Limit is able to create effective media branding strategies to help companies grow. Nick currently leads a staff of writers, media strategists, designers, social media experts and digital producers in an office think-tank where brands are humanized for strong, compelling media stories. Prior to starting No Limit at the age of 27, Nick spent four years working at a franchise PR agency where he mastered the art of building rapport with media outlets and creating newsworthy pitches for earned media placements. He holds a Bachelor of Journalism from Drake University in Iowa.
