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Restaurant Brands International (TSX:QSR) to launch Popeyes in Kazakhstan

Consumer, Market News
TSX:QSR
21 December 2022 13:30 (EDT)

Source: Popeyes Chicken.

Restaurant Brands International (QSR) has partnered with Centras Group to launch Popeyes Louisiana Kitchen in Kazakhstan.

Centras is Kazakhstan’s leading private corporation in financial and consumer services.

Popeyes, specializing in quick-service cuisine from New Orleans, Louisiana, will expand through dozens of locations across the country over the next few years.

The chain boasts over 3,900 restaurants in over 30 countries around the world.

The news follows agreements for Popeyes to enter France, Poland and the Czech Republic in 2023.

“We’re excited to introduce our iconic Louisiana-style chicken to guests in Kazakhstan with Eldar Abdrazakov, a highly reputable local investor,” said Thiago Santelmo, President of Restaurant Brands International EMEA. “This is the first deal for Popeyes in Central Asia, representing a gateway for the region and opening up new expansion opportunities for the brand in the coming years.”

“We are extremely proud to announce the signing of the agreement granting us the exclusive rights to operate Popeyes in Kazakhstan. Chicken is one of the largest and fastest-growing categories in the country and is expected to grow rapidly in years to come,” added Abdrazakov, owner of Centras Group.

Restaurant Brands International is one of the world’s largest quick-service restaurant companies, with over $35 billion in annual sales and over 29,000 restaurants in more than 100 countries. Its brands include Tim Hortons, Burger King, Popeyes and Firehouse Subs.

Restaurant Brands International (QSR) is up by 1.14 per cent, trading at $89.06 per share as of 1:10 pm ET.


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