Categories: Latest News

TDR Capital increase shareholding in Popeyes UK & brand lining up 30 new stores

Popeyes have announced they are planning to open 30 new stores across the UK in 2024, doubling their current estate, with the first of which is in Hammersmith.

 

Within the first tranche of new stores that are set to open include sites in Aberdeen, Birmingham, Nottingham, Swansea, plus an restaurant in Waterloo Train Station, in London.

 

In August 2023, TDR Capital, the private equity firm, invested £50m into Popeyes UK, the UK branch of the Restaurant Brands International (RBI) chain. At the start of 2024, TDR Capital increased its shareholding, putting them as controlling owners of the UK Business.

 

RBI acquire Carrols Restaurant Group for $1bn, which included 60 Popeyes Restaurants.

 

Popeyes opened their first store in Czech Republic in November 2023, whilst they agreed a franchise agreement for Kazakhstan in Q4 2022.

 

Read More:

TimeOut

Restaurant Online

The Grocer

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