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Big Fish Being Eaten by Bigger Fish

Touch the Soil News #676 (feature photo – CCA SA 4.0 International) The Food Chain is always an interesting place to learn about money, economics and the world we live in.   The Big Fish: Popeyes Louisiana Kitchen was founded in 1972. The company grew and grew until it had over 2,600 restaurants in 40 states and over 30 countries. It was a big employer too, with around 130,000 employees before a bigger fish swallowed it for $1.8 billion. The Bigger Fish: Restaurant Brands International (RBI) bought Popeyes for $1.8 billion. RBI owns Burger King and Tim Hortons in Canada- which together had over 20,300 restaurants. The new company is…

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Popeyes Louisiana Kitchen Gets Swallowed

Touch the Soil News #631 (feature photo CC0 1.0 Universal Public Domain) Consolidations in the food chain are not new – just getting bigger. Restaurant Brands International (Burger King in the U.S. and Tim Hortons in Canada) just agreed to buy Popeyes Loiusiana Kitchen for a cool $1.8 billion in cash. Announced on February 21, 2017, the deal is set to close in early April. So how do you come up with $1.8 billion cash in less than 2 months? No problem. Restaurant Brands International has $1.4 billion in its checking account of which it will use some of it. The rest will come from borrowing from J.P Morgan Bank…

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