2107 has been a power year already for major Companies. Jay Z sold a percentage of his Tidal Company to Sprint for a large amount and now the owner of Burger King and Tim Hortons makes another big business move and buys out Popeyes Louisiana Kitchen which is known for its Cajun cuisine. The Company was bought at 1.8 billion dollars.
According to CNN
Restaurant Brands CEO Daniel Schwartz said in a statement that the company looks 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.”
Popeyes has more than 2,600 restaurants around the globe. The company was founded in New Orleans in 1972, but its corporate headquarters is now in Atlanta.
Popeyes CEO Cheryl Bachelder also noted that the “high trust partnership that we enjoy with our franchise owners” was a plus for Restaurant Brands.