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Keyword: churchesfriedchicken

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  • AFC lets Church's fly, shifts its focus (Churchs sold to Islamic firm)

    11/02/2004 6:39:54 AM PST · by mhking · 54 replies · 995+ views
    Atlanta Journal-Constitution ^ | 11.2.04 | PÉRALTE C. PAUL
    After 12 years of sharing the coop with its bigger sibling, Church's Chicken will be winging it alone. Atlanta-based AFC Enterprises, parent to the Popeyes Chicken & Biscuits and Church's fast food chains, is selling the Church's brand to a private equity firm for $390 million. The deal with Atlanta-based Crescent Capital Investments Inc. involves 283 company-operated restaurants and 953 franchised outlets in 29 states. It also includes 300 franchised restaurants in Puerto Rico and 15 countries. AFC shares gained 37 cents on the news to close at $22.05 Monday. Crescent Capital, whose parent is the Bahrain-based First Islamic Investment...