Burger King (TSE:QSR) is Buying Popeyes for $1.8 Billion
25 Февраля, 2017, 00:39 | Author: Elaine Woods
In a move that might well mean the end of the oft-maligned "chicken fry", Burger King and its parent company have purchased Popeyes Chicken.
The 45-year-old Popeyes, with more than 2,600 locations in the USA and 25 other countries, has for months been considered a potential target for Restaurant Brands. In the deal, shareholders of Popeyes will gain $79 per share, which represents a 19.5% premium of the stock's Friday closing prices. Since then, the company has been striking deals with local operators to open additional locations around the world.
Even more compelling, perhaps, is the fact that Popeyes is almost full franchised, with roughly 98 per cent of its locations operating under this model.
Founded in New Orleans in 1972, Popeyes has grown to become a major competitor in the fast-food market, taking on the likes of KFC - formerly known as Kentucky Fried Chicken.
Popeyes will continue to be independently managed inside the US, but the company is looking to expand their presence internationally. Building on the momentum of recent years, RBI plans to continue developing the brand at an increasing pace in the US and global markets in the years to come.
Popeyes preferred Restaurant Brands' all-cash offer because Roark's bid was seen as having a higher execution risk, the people said.
"We look forward to taking an already very strong brand and accelerating its pace of growth and opening new restaurants in the USA and around the world", Schwartz added. "The team has done a great job setting the foundation for future growth." he further stated that the Popeyes is going to be managed independently.
Bachelder, it should be noted, has been credited as one of the key forces in Popeyes' success in recent years; the chain had been flagging in the early aughts, but Bachelder came on as chief executive in 2007 and brought with her a laser focus on data and in-store makeovers.
"The result is a transaction that delivers immediate and certain value to the Popeyes shareholders", she added.
Restaurant Brands said on Tuesday it would finance the deal with cash on hand and a financing commitment from J.P. Morgan and Wells Fargo.
При любом использовании материалов сайта и дочерних проектов, гиперссылка на обязательна. «» 2007 - 2017 Copyright. Автоматизированное извлечение информации сайта запрещено.
The tool promises to be less taxing on a smartphone's battery compared to the regular app by compressing large photos and videos. Also, the new app is created to run on old or low-end Android devices without consuming too much memory or processing power.
The port of Binding of Isaac: Afterbirth + for the upcoming Nintendo Switch, will not be a launch title as originally intended. Rodriguez says that the little details of the game pays homage to the 8-bit era and has some never-before-seen art inside.
Church has already released some previously purchased tickets for his tour stops in Canada, which kick off February 28 in Ontario. Fans can buy re-released tickets to the remaining stops on his 60-city tour when they go on sale Tuesday at noon local time.
Meanwhile, Fulham boss, Slavisa Jokanovic , said: " Spurs showed us respect as Pochettino chose a very strong starting eleven". Spurs continued to look the more likely to score and it was no surprise when they took the lead in the 16th minute.
Steele made his in-ring debut in 1967 and quickly established himself as a charismatic, if slightly unhinged, villain, or heel. He'd actively wrestle for the company for over 20 years until 1988, retiring due to Crohn's disease complications.
Adding to the sexism at the organization, Fowler claims internal politics eroded any organization at the company. Fowler previously worked as one of the Uber's engineers from November of 2015 to December of past year .
Researchers' analysis found that both mercury and arsenic levels were elevated in participants who kept a gluten-free diet. In order to compensate, gluten-free products oftentimes contain rice flour as a substitute for barley, rye, and wheat.
Jolie says Pitt remains part of the family
In fact, the actress will be taking on different projects in the subsequent years amidst a very hard divorce from Brad Pitt. The kids beamed with delight as they joined their mother at the grand unveiling of her latest project.
2nd ODI: Taylor smashes ton as New Zealand beat South Africa
De Kock went about business in the only way that he's familiar with and attacked the bowling with Faf du Plessis for company. De Kock added a 53-run stand with JP Duminy (34) and it ended when the latter was stumped off Mitchell Santner (2-46).
Manchester City v AS Monaco, Champions League 2016/17
It is very important for people who look at us, evaluate us and criticise us to see we are going in the right direction". Monaco will be hoping to get at least a draw here so they will be at the upper hand when going home.
Plane crashes into mall in Australia, killing 5
The airport, which is about 15 kilometres from Melbourne's CBD, has been operating since 1919. "ATSB will be investigating". Carol Holst, a cousin of Munsch, posted a picture of him, saying: "Russ was killed in a plane crash in Australia today".
Tsonga lands Rotterdam title
Cilic was beaten 7-6 (8), 7-6 (5) by sixth-seeded Frenchman Jo-Wilfried Tsonga, who defeated the former U.S. The silky Belgian third seed will be hunting his third career title and his first since 2014.
Mahama attends Barrow's Inauguration
Special adviser for Barrow said a Chadian plane helped him to transport luxury goods including luxury vehicles of Gambia. The official swearing-in of President Barrow has also been tied to The Gambia's 52nd Independence Day celebration.