Formerly called AFC Enterprises Genre Fast food | Industry Restaurant Founder Frank J. Belatti | |
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Type Public
(Acquisition by Restaurant Brands International pending) Traded as NASDAQ: PLKI
S&P 600 Component Key people John M. Cranor III
Chairman
Cheryl A. Bachelder
CEO Stock price PLKI (NASDAQ) US$ 78.98 0.00 (0.00%)23 Mar, 4:00 PM GMT-4 - Disclaimer Headquarters Atlanta, Georgia, United States CEO Cheryl A. Bachelder (Nov 2007–) Subsidiaries Popeyes Louisiana Kitchen, Cinnabon, Shelton Development Company, DK Chicken Corp. | ||
Popeyes Louisiana Kitchen Inc. (formerly, AFC Enterprises Inc.) is headquartered in Atlanta, Georgia, and is the company that owns Popeyes Louisiana Kitchen.
AFC was formerly the franchiser of Seattle's Best Coffee and Cinnabon. In 2003 the company came under investigation from the Internal Revenue Service as part of the accounting scandal of Arthur Anderson. AFC was forced to sell off its Seattle's Best Coffee division to Starbucks and in 2004 sold its international division and Cinnabon to FOCUS Brands, Inc. In late 2004, AFC sold off its Church's Chicken division to Arcapita (formerly Crescent Capital Investments), a venture-capital firm that also is the parent of Caribou Coffee.
In August 2004, the company sued the now-defunct Arthur Andersen company for malpractice and breach of contract, alleging that its accountants failed to catch the problems they were hired to, when performing audits for 2000, 2001, and 2002.
On January 21, 2014, the company started operating under the name Popeyes Louisiana Kitchen, Inc.
On February 13, 2017, Reuters reported that Restaurant Brands International, owner of Burger King and Tim Hortons, was in talks to buy Popeyes. On February 21, Restaurant Brands announced a deal to buy Popeyes for US$1.8 billion, subject to regulatory and shareholder approval. The deal is expected to close by April 2017.