Burger King Just Bought Popeyes For A ‘Whopping’ $1.8 Billion
Fast-food restaurants owned under the same ownership often develop “joint restaurants,” or locations with two fast-food spots inside of one. Taco Bell and KFC, Long John Silver’s and A&W… the list goes on.
As of today, a new combination can possibly be added to that list: Burger King and Popeyes.
Restaurant Brands International, the parent company that owns major fast food chains like Tim Hortons and Burger King, announced today that they had reached an agreement to purchase Popeyes for a whopping $1.8 billion.
Popeyes, which has over 2600 locations across 26 different countries, becomes the third restaurant chain owned by the mega-restaurant brand, which owns over 20,000 Burger Kings and Tim Hortons stores around the world. While Popeyes will stay independently owned stateside, Restaurant Brand International aims to use their reach to help increase restaurant store openings in the U.S. and around the world.
The new merger also means that we may see mashup stores between Burger King and Popeyes – something already done by Yum! Brands for their KFC, Taco Bell, and Pizza Hut restaurants. Getting Southern fried chicken, shrimp po’ boys, and Whoppers under the same roof?
I don’t think there’s a better way to “Have It Your Way.”
