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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 ...
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.
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 ]
Restaurant Brands International Inc, owner of the Burger King and Tim Hortons fast-food chains, is nearing a deal to acquire another major dining chain.
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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 2017 purchase of American fast-food chain Popeyes.
Nearly every restaurant is open for delivery or takeout.Financial Update: Restaurant Brands drew from a revolving credit facility in March out of an "abundance of caution."But after seeing steady ...
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