Franchising

Popeyes deal will bring hundreds of stores to Mexico

Photo: iStock.

March 19, 2021

Popeyes has signed a deal with JK Capital to bring "hundreds of new Popeyes restaurants to Mexico over the coming years," according to a news release.

Currently, the brand has a store in Guadalajara, Mexico. The planned expansion in the country is part of Popeyes' strategy to grow on a global scale beyond its 3,400-plus stores worldwide.

"This is a historic moment for the Popeyes brand," Sami Siddiqui, president of Popeyes, Americas, said in the release. "This announcement highlights our commitment to bringing our famous Louisiana-style chicken to guests all over the world, specifically Mexico, which is one of the most vibrant QSR markets today.

"Our successful international expansions into Spain, Switzerland, China, Brazil, and the Philippines over the past few years reinforced the global appeal of Popeyes and we are confident that our guests in Mexico will similarly love that chicken from Popeyes."

The 45-year-old brand is part of the Restaurant Brands International family that also includes Tim Hortons and Burger King. Popeyes is based in Miami. JK Capital represents a group of investors and business developers with a track-record of a multibillion value creation in Mexico, including roadside-focused retail and QSR chains.