Restaurant Brands International acquires Popeyes China and co-invests in Tims China Business to drive growth
Acquiring Company
Restaurant Brands International
Acquired Company
Popeyes Louisiana Kitchen
MiamiMiamiFood and BeverageHospitalityFood and BeverageHospitalityDescription
Restaurant Brands International Inc. has announced the acquisition of Popeyes China and a co-investment with Cartesian Capital into the business of TH International Limited (Tims China). The acquisitions reflect RBI's confidence in the Chinese market, one of the largest QSR markets globally, and its commitment to drive growth in the region. RBI's total amount of capital outlay for the two transactions will be up to $45M.
Quick answer
Restaurant Brands International is acquiring Popeyes Louisiana Kitchen, announced July 1, 2024. Restaurant Brands International is based in Miami, Florida, United States.
- How much did Restaurant Brands International pay for Popeyes Louisiana Kitchen?
- The deal value was not disclosed.
- What does Restaurant Brands International do?
- Restaurant Brands International Inc. (RBI) is a multinational fast food holding company.
- Where are Restaurant Brands International and Popeyes Louisiana Kitchen based?
- Restaurant Brands International is based in Miami, Florida, United States. Popeyes Louisiana Kitchen is based in Miami, Florida, United States.
- Who are the decision-makers at Restaurant Brands International?
- Fundz holds 3 contacts at Restaurant Brands International. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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- SPB Hospitality acquires Amada and Village Whiskey to expand its restaurant portfolio (July 31, 2024)
- Darden Restaurants to Acquire Chuy's Holdings, Inc. to Expand Restaurant Portfolio (July 17, 2024)
- Lassonde Industries Inc. to acquire U.S. based Summer Garden Food Manufacturing to strengthen position in specialty food segment (June 21, 2024)
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When Restaurant Brands International changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
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Frequently asked
Who acquired Popeyes Louisiana Kitchen?
Popeyes Louisiana Kitchen was acquired by Restaurant Brands International, based in Miami. The deal was reported on July 1, 2024. Restaurant Brands International Inc. (RBI) is a multinational fast food holding company. The Company's portfolio includes the Burger King, Popeyes, and Tim Hortons brands. Restaurant Brands International is publicly traded (QSR) and operates in Food and Beverage.
When did Restaurant Brands International acquire Popeyes Louisiana Kitchen?
Restaurant Brands International's acquisition of Popeyes Louisiana Kitchen was reported on July 1, 2024. Restaurant Brands International Inc. has announced the acquisition of Popeyes China and a co-investment with Cartesian Capital into the business of TH International Limited (Tims China). Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Popeyes Louisiana Kitchen do?
Founded in New Orleans in 1972, POPEYES® has more than 45 years of history and culinary tradition. Popeyes distinguishes itself with a unique New Orleans-style menu featuring spicy chicken, chicken tenders, fried shrimp, and other regional items. It is privately held, operating in Food and Beverage, and is based in Miami.
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