Who owns popeyes Louisiana chicken?

Who Owns Popeyes Louisiana Chicken?

Popeyes Louisiana Chicken is a popular fast-food chain that has been serving up delicious fried chicken and other tasty menu items for over 50 years. But have you ever wondered who owns Popeyes? In this article, we’ll take a closer look at the history of Popeyes and its current ownership structure.

History of Popeyes

Popeyes was founded in 1972 by Al Copeland in Arabi, Louisiana. The first restaurant was called "Chicken on the Run" and served traditional Southern-style fried chicken. However, the restaurant struggled to attract customers, and Copeland was forced to close it down.

Undeterred, Copeland reopened the restaurant in 1972 under the new name "Popeyes" and introduced a new menu featuring spicy fried chicken, red beans and rice, and other Creole-inspired dishes. The restaurant quickly gained popularity, and Popeyes began to expand across the United States.

Early Years of Popeyes

In the early years, Popeyes was owned and operated by Al Copeland and his family. The company remained small, with only a handful of locations in the New Orleans area. However, Popeyes continued to grow in popularity, and by the 1980s, the company had expanded to over 100 locations across the United States.

Acquisition by AFC Enterprises

In 1992, Popeyes was acquired by AFC Enterprises, a company founded by Nancy Copeland, Al Copeland’s daughter. AFC Enterprises was a publicly traded company that focused on acquiring and operating quick-service restaurants. Under AFC’s ownership, Popeyes continued to expand rapidly, with the company reaching over 1,000 locations by the end of the decade.

Acquisition by Restaurant Brands International

In 2017, Popeyes was acquired by Restaurant Brands International (RBI), a multinational company that owns several popular fast-food chains, including Burger King and Tim Hortons. RBI acquired Popeyes for $1.8 billion, making it one of the largest fast-food acquisitions in history.

Current Ownership Structure

Today, Popeyes is owned by Restaurant Brands International (RBI), a publicly traded company listed on the Toronto Stock Exchange and the New York Stock Exchange. RBI is a multinational company with a portfolio of over 24,000 restaurants across more than 100 countries.

Here is a breakdown of the current ownership structure of Popeyes:

Key Facts About Popeyes Ownership

Here are some key facts about Popeyes ownership:

• Headquarters: Popeyes is headquartered in Miami, Florida.
• CEO: Popeyes is led by CEO Jose Cil, who has been with the company since 2019.
• Number of Locations: Popeyes has over 2,000 locations across the United States and around the world.
• Revenue: Popeyes generates over $3 billion in annual revenue.

Conclusion

In conclusion, Popeyes Louisiana Chicken is owned by Restaurant Brands International (RBI), a multinational company that owns several popular fast-food chains. Popeyes has a rich history that dates back to 1972, and the company has grown to become one of the largest fast-food chains in the world. Whether you’re a fan of spicy fried chicken or other tasty menu items, Popeyes is a beloved brand that continues to delight customers around the world.

Additional Resources

• Popeyes Louisiana Chicken Official Website: www.popeyes.com
• Restaurant Brands International Official Website: www.rbi.com
• Popeyes Franchise Information: www.popeyes.com/franchise

References

• Popeyes Louisiana Chicken. (n.d.). Our Story. Retrieved from https://www.popeyes.com/about-us/our-story
• Restaurant Brands International. (n.d.). Our Company. Retrieved from https://www.rbi.com/about-us/our-company
• Business Wire. (2017). Restaurant Brands International Completes Acquisition of Popeyes Louisiana Kitchen, Inc. Retrieved from https://www.businesswire.com/news/home/20170322005451/en/Restaurant-Brands-International-Completes-Acquisition-Popeyes-Louisiana-Kitchen-Inc.