Now Let's Get Readyeeee To Watch the Feathers Fly!
The facts of the case should be interesting, but here’s a situation where AFC once owned both Churches Chicken and Popeyes Chicken. AFC sold Churches to Arcapita. Now it’s alleged that Arcapita, has now started buying up some of the Popeyes and is converting them to Churches. Popeyes has cried foul, saying that the agreement prevented Arcapita from acquiring Popeyes.
Hmmmm….should be interesting to watch the Feathers Fly as these to chicken Zors fight it out. You know I wanted to make reference to the type of fighting one might consider this, but I'll not! Hmm and I thought this type of fowl fighting was illegal everywhere except for here in the south.
ATLANTA, Feb. 28 /PRNewswire-FirstCall/ -- AFC Enterprises, Inc., the franchisor and operator of Popeyes(R) Chicken
In the suit, AFC claims Church's, which is owned by private equity firm Arcapita, Inc., a subsidiary of the First Islamic Bank of Bahrain, tortuously induced and colluded with Popeyes' former franchise group, CVI Company, Ltd. ("CVI") of McAllen, Texas, and its principals, to breach their binding franchise, development and guaranty agreements with Popeyes and sell their franchised restaurants to Church's for cash with the intent to harm Popeyes.
Believe & Succeed,DaleFranSynergy, Inc.Synergizing Franchising!