QSR Duo To Become Trio

3 Min Read By MRM Staff

When announcing Restaurant Brands International (RBI) Inc.'s intention to acquire Popeyes Louisiana Kitchen, Inc., Daniel Schwartz, Chief Executive Officer of RBI, stressed, “As with our two existing brands the key to long-term success at Popeyes will be a focus on driving guest satisfaction and franchisee profitability."

The agreement calls for RBI to acquire Popeyes for $79 per share in cash or $1.8 billion. Popeyes joins Burger King and Tim Hortons under the RBI banner. Formed just two years ago, the company has more than $24 billion in system sales and more than 20,000 restaurants. Founded in New Orleans in 1972, Popeyes has 45 years of history and culinary tradition and is the franchisor and operator of Popeyes® restaurants. Today, Popeyes has more than 2,600 restaurants in the U.S. and 25 other countries around the world.  

The key to long-term success at Popeyes will be a focus on driving guest satisfaction and franchisee profitability.

In year end 2016…