Burger King Parent Company Buys Popeyes for $1.8 Billion

February 21, 2017

Popeyes has more than 2,600 locations worldwide.
Exclusive Brief: 

Restaurant Brands International, the parent company of Burger King and Tim Hortons, agreed to acquire Popeyes Louisiana Kitchen for $1.8 billion.

With the purchase, Restaurant Brands International (RBI) will have more than 23,000 restaurants worldwide, and the acquisition presents a significant expansion opportunity for Popeyes both in the U.S. and internationally.

“We think there are decades of exciting growth for the brand and its franchisees in this country,” RBI’s CFO Joshua Kobza said in a conference call Tuesday announcing the acquisition.