Popeyes Louisiana Kitchen is an American fast food restaurant chain which specializes in fried chicken and is owned by AFC Enterprises. It has a stronghold on the market with 2,009 locations as of September 30, 2017.
So is Popeyes Black Owned? Popeyes is not black owned. Popeyes is owned by the restaurant holding company Restaurant Brands International based in Brazil. The company is majority owned by 3G International and its stocks can be held throughout the entire globe with millions of people.
Ownership of Popeyes
The ownership of Popeyes comes from a holding company that is based in Brazil. The company is majority owned by 3G International, and they own stocks all over the world. Millions of people are owners of this company.
Popeyes was founded in the United States, but is no longer American-owned. The company has 8,000 locations all over the world and it operates in 45 states in America. It employs more than 80,000 people and its revenue last year surpassed one billion dollars.
Brazilian investment firm 3G Capital acquired Popeyes Louisiana Kitchen in 2012. 3G also owns Tim Hortons and Burger King, among other companies.
Popeyes Louisiana Kitchen has been serving its famous Cajun-style chicken and buttermilk biscuits for more than 40 years. It’s the world’s third-largest quick-service chicken restaurant chain by sales behind Chick-fil-A and KFC. The company’s menu includes fried chicken, tenders, sandwiches, biscuits, seafood and breakfast items.
Popeyes is definitely one of the most successful companies when it comes to chicken. It has been in business for more than four decades and in that time it has grown beyond what anyone could have imagined when Popeyes began in 1972.
When you think of Popeyes, you think of delicious fried chicken. You also probably think about the Cajun-style food that is served here. This Louisiana based restaurant chain has grown to become one of the largest chicken restaurants in the world. In fact, Popeyes is now one of the most important fast food chains on the planet.
In 1972, Alabama businessman Al Copeland opened the first Popeyes restaurant at 8023 Government Street in Arabi, Louisiana. Copeland had previously run several very profitable chicken restaurants in the New Orleans area under the name “Chicken on the Run.” According to Copeland’s obituary, he wanted to expand his chicken business but did not want to enter a market saturated with other fried chicken restaurants. He decided that moving north was an opportunity to explore new territory and continue expanding his already successful business.
Copeland named the new restaurant “Popeyes” after Popeye Doyle, a character played by actor Gene Hackman in the movie The French Connection (1971). The movie was about a detective who uncovers an international heroin-smuggling operation, and it was set in Copeland’s adopted hometown of New Orleans. The working title for the film had been “Chicken Man,” which gave Copeland the idea to name his new restaurant after the movie.
Copeland reportedly chose Arabi because he liked the fact that there were no other fried chicken restaurants nearby, and because he was attracted to the small town’s “antiquated” atmosphere. He also needed a location that could accommodate his plan for growth in case Popeyes became successful, which it most definitely did.
Popeyes is not black owned. It’s a multinational company with headquarters in Brazil, and it has thousands of locations worldwide.