The parent company of Burger King and owner of Tim Hortons – Restaurant Brands International (RBI) has announced yesterday that it’s acquiring Popeyes for $1.8 billion USD. The purchase of Popeyes will see RBI acquire 2,600 restaurants in 26 countries.
“Popeyes is a powerful brand with a rich Louisiana heritage that resonates with guests around the world. With this transaction, RBI is adding a brand that has a distinctive position within a compelling segment and strong U.S. and international prospects for growth. We look forward to taking an already very strong brand and accelerating its pace of growth and opening new restaurants in the U.S. and around the world,” said RBI’s CEO Daniel Schwartz.
Maybe Tim Horton’s Chicken Sandwiches will get a little better. Who knows.
Source: PRNEWSWIRE