who owns popeyes

Popeyes is owned by Restaurant Brands International (RBI), a Canadian-based fast food holding company that also owns Burger King and Tim Hortons.

Who owns Popeyes now?

• Popeyes Louisiana Kitchen, Inc. operates as a subsidiary of Restaurant Brands International, a multinational restaurant group headquartered in the Toronto area.

• RBI acquired Popeyes in 2017 in a deal valued at about 1.8 billion US dollars, paying 79 dollars per share through an indirect subsidiary called Orange, Inc.

Quick background on the deal

• Before the acquisition, Popeyes traded publicly on NASDAQ under the ticker PLKI after its parent company AFC Enterprises rebranded to Popeyes Louisiana Kitchen, Inc. in 2014.

• The acquisition folded Popeyes into RBI’s portfolio, which already included the Burger King and Tim Hortons brands, creating one of the largest global quick service restaurant groups by system-wide sales.

How Popeyes is structured today

• Popeyes remains a largely franchised chain, with the vast majority of its thousands of restaurants operated by franchisees rather than directly by the corporation.

• While individual restaurants or regional markets can be owned or operated by franchise owners and celebrity partners, such as high-profile franchisees opening new locations, the corporate owner of the brand itself is Restaurant Brands International.

Information gathered from public forums or data available on the internet and portrayed here.