Popeyes Louisiana Kitchen purchases recipes in $43M deal

POPEYES

Popeyes Louisiana Kitchen now officially owns the recipes that made its food so popular.

The company paid $43 million to the family of the fried chicken chain’s late founder Al Copeland.

Copeland sold his New Orleans-based operation back in 2001, but retained the recipes that he had created back in the 1970s.

After Copeland’s his death in 2008, Popeyes has been paying about $3.1 million annually to the family for the use of the recipe.

Popeyes has more than 2,200 restaurant locations around the world.

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