|Today, the Louisiana fast food chain’s chicken sandwich returns to restaurants nationwide. The menu item created significant buzz this summer when it sold out in just two weeks due to high demand. Private equity made the Popeyes spicy chicken sandwich and its comeback possible. Our new video explains how:
In 1991, Popeyes experienced financial difficulty, and declared bankruptcy. Private equity saw an opportunity to invest in the struggling chain and turn things around. Since then, the business hasrebounded, expanded its locations, and created new jobs. Today more than 3,000 Popeyes locations employ tens of thousands of American workers in 46 states + the District of Columbia.
With the return of the chicken sandwich, franchise locations have hired additional workers to help handle the expected increase in traffic.
Popeyes is not alone in its support from private equity. In fact, the industry has supported many other restaurants enjoyed by consumers around the country, including:
- Dunkin Donuts
- Jimmy John’s
- Burger King
- Ruby Tuesday
- Tim Horton’s
- Five Guys
- Buffalo Wild Wings
- Krispy Kreme Doughnuts
So, whether you’re enjoying a spicy chicken sandwich from Popeyes, a burrito from Qdoba, or a fresh cup of coffee from Dunkin Donuts, private equity is helping to build the brands that you love.