Burger King and Tim Hortons owner in bid to buy Popeyes: Reuters
Restaurant Brands International Inc, owner of the Burger King and Tim Hortons fast-food chains, has approached Popeyes Louisiana Kitchen Inc about a possible acquisition, sources told Reuters. A deal would be a bet by Oakville, Ontario-based Restaurant Brands that it can use its international reach to introduce Popeyes' famous Louisiana-style fried chicken and buttermilk biscuits to more diners globally. Private equity firm 3G Capital, which is controlled by Brazilian billionaire Jorge Paulo Lemann, owns about 43 percent of the voting shares in Restaurant Brands. The company was formed in 2014, when 3G Capital-backed Burger King acquired Canadian coffee and doughnut chain Tim Hortons for US$11 billion.
13 February 2017•2 mins read
