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The Church's purchase was heavily financed with the security being the assets of Popeyes and the acquired company. [10] In 1990, Al Copeland Enterprises had $391 million in debts. The debt reached more than $400 million by April 1991 when Copeland filed for Chapter 11 bankruptcy protection for the company. [ 10 ]
Popeyes was formed in Arabi, Louisiana, a suburb of New Orleans, Louisiana, in St. Bernard Parish. It first opened its doors on June 12, 1972, as "Chicken on the Run". [10] [12] Owner Al Copeland (1944–2008) wanted to compete with Kentucky Fried Chicken, [13] but his restaurant failed after several months.
An offshoot of the Tastee-Freez company, Carrols was named after the Tastee-Freez co-owner Leo S. Maranz's daughter, Carol. [5] [6] Herb Slotnick bought the franchise rights for the New York area and started opening restaurants in the Syracuse, New York, area in the early 1960s. They expanded over the years throughout New York State. During the ...
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Restaurant Brands International Inc. (RBI) is a Canadian-American multinational fast food holding company.It was formed in 2014 by the $12.5 billion merger between American fast food restaurant chain Burger King and Canadian coffee shop and restaurant chain Tim Hortons, and expanded by the purchases of Popeyes and Firehouse Subs in 2017 and 2021, respectively.
It's been quite the week for cult fitness companies Equinox and SoulCycle after many customers cancelled their memberships and threatened to boycott both businesses indefinitely.
Popeyes same-store sales: up 3.80% versus 3.14% expected Firehouse Subs same-store sales: up 0.4% versus 1.25% expected For Burger King U.S., same store sales increased 5%, higher than analysts ...
Cheryl Bachelder (born 1956) is an American businesswoman who was Interim CEO of Pier 1 Imports and was previously CEO of AFC Enterprises, the parent company of Popeyes Louisiana Kitchen, from 2007 to 2017. She was president of KFC from 2001 to 2003. [1] [2]