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Burger King Buys Popeyes For $1.8 Billion .pdf


Original filename: Burger King Buys Popeyes For $1.8 Billion.pdf
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Burger King Buys Popeyes For $1.8 Billion
In Fast-Food Mega-Merger

Canadian favorite Tim Hortons is also under the same umbrella
The fast-food universe gave birth to a deep-fried, flame-broiled lovechild today: After weeks of
swirling rumors, Burger King parent company Restaurant Brands International announced this
morning that it’s acquiring Popeyes for $1.8 billion. RBI also owns beloved Canadian-born coffee chain
Tim Hortons.
RBI currently has more than 20,000 stores worldwide, with approximately 15,000 Burger King
locations and 4,500 Tim Hortons; the Popeyes acquisition will add another 2,600 outlets to its
portfolio. (Comparatively, fast-food superpower Yum Brands, which also has three brands under its
umbrella — Taco Bell, Pizza Hut, and KFC — has more than 40,000 stores worldwide.) RBI is a fairly
young corporate behemoth, having been formed in 2014 when BK purchased Tim Hortons for $11
billion.
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