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Popeyes Louisiana Kitchenis an American chain of fried
food restaurants founded in 1972
Orleans, Louisiana. Often referred to
asPopeyesand sometimes asPopeyes Chicken & BiscuitsorPopeyes Famous Fried
Chicken & Biscuits,it was acquired
Enterprises, originally America's
Favorite Chicken Company, in 1993. According to a company press release dated June 29, 2007, Popeyes is the
second-largest "quick-service chicken restaurant group, measured by number of units",with more than
2,500restaurants in more than
40 states and the District of Columbia, Puerto
Rico, and 30 countries worldwide
including Bahrain, Canada, China, Costa Rica, Northern Cyprus, Republic of Georgia, Guyana, Honduras, Hong Kong,
Indonesia, Iraq, Jamaica, Jordan, Kuwait, Malaysia, Mexico, Panama, Peru, Qatar, Saudi Arabia, Singapore, South
Korea, Suriname, Trinidad, Turkey and Vietnam. About thirty locations are company-owned, the rest
As of January 2014, Popeyes has over 2,000 restaurants worldwide according to
Popeyes Mighty Good
Fried Chicken was first opened in Arabi, Louisiana,
a suburb of New
Parish, on June 12, 1972 as "Chicken on the Run",
by Al Copeland. As
the company's official history states, they sold "traditional mild fried chicken [but] business was slow, and
the chicken team realized they'd have to sell a spicier alternative to their standard chicken recipe if they
wanted to impress flavor-seeking New Orleanians. Copeland started franchising his restaurant in 1976, beginning
in Baton Rouge,
Louisiana and over the next
ten years added approximately 500 outlets. B.P.
acquired various franchises in Texas and surrounding states. Two hundred additional locations were added during
a period of slower expansion. By 1990, Copeland Enterprises was in default on $391 million in debts, and in
April 1991 the company filed for bankruptcy protection. In October 1992, the court approved a plan by a group of
Copeland's creditors that resulted in the creation of America's Favorite Chicken Company, Inc. (AFC) to serve as
the new parent company for Popeyes and Church's.
public in 2001 with initial public offering (IPO)of $142,818,479.
December 29, 2004, AFC sold Church's toArcapita,
formerly Crescent Capital Investments, retaining Popeyes.
On June 17, 2014, Popeyes announced it had re-acquired full control of its
seasonings, recipes and other proprietary food preparation techniques from Diversified Foods & Seasonings,
which remained under the control of Al Copeland and his estate after the creditor sale of Popeyes to AFC.
Popeyes had continued to license the seasonings, recipes and techniques from DF&S for a yearly 'spice
royalty', before buying them outright for $43 million. DFS will remain the main supplier for Popeyes until at
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