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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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