"I used to work at the Pentagon, but now I get my chicken on..."
Posted on 02/22/2017 12:52:34 PM PST by 2ndDivisionVet
Love that Chicken from... Ontario?
Restaurant Brands International Inc. (NYSE: QSR) will buy Atlanta-based Popeyes Louisiana Kitchen Inc. (NASDAQ: PLKI) for $1.8 billion. Popeyes shareholders will get $79 in cash a share at closing -- a premium of 27 percent based on Popeyes’ 30-trading day Volume Weighted Average Price as of Feb. 10.
The deal, expected to close by early April 2017, brings the New Orleans spicy chicken brand to the Ontario, Canada-based company that owns Burger King and Tim Hortons.
Popeyes will continue to be managed independently in the United States. RBI plans to continue developing the brand at an increasing pace in the United States and international markets.
Al Copeland Sr. started the fried chicken chain in New Orleans in 1972. The brand found success quickly and developed a fan following for other items such as buttermilk biscuits, red beans and rice and popcorn shrimp and crawfish. Popeyes now has more than 2,600 restaurants in the United States and 25 other countries. It will complement RBI’s portfolio of more than 20,000 restaurants in more than 100 countries and U.S. territories.
“I am proud of the superior results the Popeyes team has delivered in recent years; they have served all stakeholders well,” Popeyes CEO Cheryl Bachelder said in a statement. “As Popeyes enters its 45th year, its success reflects the amazing brand entrusted to us by founder Al Copeland Sr. and the unique high trust partnership that we enjoy with our franchise owners. RBI has observed our success and seen the opportunity for exceptional future unit growth in the U.S. and around the world.”
I hope Popeye’s doesn’t change - it’s one of the better fast food places in our area.
“I hope Popeye’s doesn’t change - it’s one of the better fast food places in our area.”
Love that chicken at Popeye’s, eh.
A black woman pitching fried chicken saying "Mmm hmm...hunny, yo gonna want my fried chicken." ??
What would it take? For Popeye's to start selling watermelon slices?
Sheesh.
Saw a headline yesterday that said $18 billion (apparent typo). I thought that’s a lot for a chicken shack chain. But I do like their chicken.
Really? They don’t look like they’d be that good.
How do they compare to Chick Fil A?
I did find their “A Squished Fish Patty On A Bun” ad pretty funny.
Popeyes is good. Kind of like the extra crispy at KFC. Don’t care for their sides though.
I’m sure they’ll find a way to run it into the ground
I’ll take CF’A. They’re clean, well run. The only Popeyes I’ve been to has not been.
That’s my worry. Burger King has been headed in the wrong direction like Harrison Ford landing after an all-night bender.
ROFL!!!!
I’ve only had Chick Fil A once; there’s not one on my usual erranding routes. I’d say the chicken sandwiches are comparable, if a little different. I like Popeye’s because they do spicy fried chicken, and the sides are different from other places.
The fried seafood platter is good, too. It’s fast food, so there’s a lot of batter on very little shrimp; but for what it is, it’s good.
I’m surprised. Our Popeye’s is very clean and the service is great. They recently redecorated inside and out, and it’s very nice.
Ours sucks. They always get something wrong with our orders whether drive-thru or dine-in.................
Bad manager.
Great! So much better than KFC.
But she’s nearly 19!................
Olive inconsolable.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.