In 2014, Restaurant Brands was created after Burger King (controlled by Brazilian investment firm 3G Capital) bought Tim Hortons.
Currently, Restaurant Brands has over 20,000 locations around the world, and will now expand, by purchasing Popeyes 2600 locations for $1.5 billion and putting it under the Burger King and Tim Hortons corporate umbrella, as reported by CBS 11. The deal provides Popeyes shareholders $79 per share, a 27% premium from it’s average Feb. 10th price
Restaurant Brands takes over well-known fast-food chains it feels to have expansion potential.
Wonder if we’ll see Burger King/Popeyes joint locations? YUM!