Arcapita to Sell Church’s Chicken

Church’s Chicken has been sold by Bahrain-based investment bank Arcapita to San Francisco-based private equity firm Friedman Fleischer & Lowe. The deal is set to close in July at more than $300 million, but an exact price has not been determined. Arcapita bought Church’s in 2004 for $390 million. Th 1,650-unit Church’s Chicken is one of America’s best-known Islam-compliant businesses. Its Islam roots gained the spotlight over a year ago when the firm was sued by owners of one of their franchise units for barring them from including pork on their breakfast menu. Pork is prohibited by Muslim law. Read the Reuters story More: Church’s Chicken to be sold (Nation's Restaurant News)