SHANGHAI, July 23, 2019 /PRNewswire/ - Today, Popeyes
Louisiana Kitchen Inc. (Popeyes) announced an exciting new
agreement to develop and open more than 1,500 Popeyes restaurants
in the People's Republic of China
over the next 10 years.
"We're very excited to grow the Popeyes brand in the Chinese
market," said Josh Kobza, Chief
Operating Officer of Restaurant Brands International (RBI), parent
company of Popeyes. "We look forward to bringing our great tasting
chicken, biscuits, sides and beautiful new restaurants to our
guests in China with our partner,
TFI TAB Food Investments (TFI)."
"We are proud to bring this famous brand to China and we look forward to introducing its
bold new flavors to our guests," said Korhan Kurdoğlu, Vice
Chairman and CEO of TFI. "We plan to build on years of experience
of growing successful businesses in China and around the world."
The POPEYES® system operates over 3,100 locations in more than
25 countries worldwide, including the
United States and Canada.
Popeyes® is the last of RBI's three iconic brands to enter
the Chinese market. In fact, Burger King has operated in
China since 2005 and has partnered
with TFI since 2012. There are now more than 1,000 Burger King
restaurants in China. The
commencement of Popeyes' operations in China is subject to a regulatory filing in
China.
About POPEYES®
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 fried chicken, chicken tenders, fried shrimp,
and other regional items. The chain's passion for its Louisiana heritage and flavorful authentic
food has allowed POPEYES® to become one of the world's largest
chicken quick service restaurants with over 3,100 restaurants in
the U.S. and around the world. To learn more about the POPEYES®
brand, please visit the POPEYES® brand website at www.popeyes.com
or follow us on Facebook, Twitter and Instagram.
About TFI TAB Food Investments.
TFI TAB Food
Investments (TFI) is a leading quick service restaurant operator in
Turkey and China, with more than 2,000 restaurants and
50,000 employees. TFI operates a broad range of quick service
restaurants across the hamburger, chicken, sandwich, Italian/pizza
and Turkish food categories, including the BURGER KING® and
POPEYES® brands in Turkey, and the
BURGER KING® brand in China.
During its 25-year history, TFI has also established a suite of
businesses which are complementary to QSR, and which provide food
supply chain and distribution management, bread production,
advertising, potato production and meat processing, with nearly all
raw materials sourced in Turkey.
To learn more about TFI, please visit the company's website at
www.tabfoods.com.
About Restaurant Brands International Inc.
Restaurant
Brands International Inc. ("RBI") is one of the world's largest
quick service restaurant companies with ~$32
billion in system-wide sales and ~26,000 restaurants in over
100 countries and U.S. territories. RBI owns three of the world's
most prominent and iconic quick service restaurant brands – TIM
HORTONS®, BURGER KING®, and POPEYES®. These independently operated
brands have been serving their respective guests, franchisees and
communities for over 40 years. To learn more about RBI, please
visit the company's website at www.rbi.com.
Forward-Looking Statements
This press release includes
forward-looking statements, which are often identified by the words
"may," "might," "believes," "thinks," "anticipates," "plans,"
"expects," "intends" or similar expressions and reflect
management's expectations regarding future events and operating
performance and speak only as of the date hereof. These
forward-looking statements include statements about RBI's
expectations and belief about the number of Popeyes restaurants
that TFI will open throughout China over the next 10 years. The factors that
could cause actual results to differ materially from RBI's
expectations and beliefs are detailed in filings of RBI with the
Securities and Exchange Commission and applicable Canadian
securities regulatory authorities, such as its annual and quarterly
reports and include the following risks: risks related to RBI's
ability to successfully implement its domestic and international
growth strategy and risks related to its international operations;
risks related to RBI's ability to compete domestically and
internationally in an intensely competitive industry; and risks
related to RBI's ability to successfully accelerate international
development with strategic partners and joint ventures. Other
than as required under U.S. federal securities laws or Canadian
securities laws, we do not assume a duty to update these
forward-looking statements, whether as a result of new information,
subsequent events or circumstances, change in expectations or
otherwise.
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SOURCE Restaurant Brands International Inc.