NEW ORLEANS (AP) — The Atlanta-based company that franchises Popeyes fried chicken restaurants has purchased the recipes for many of its dishes for $43 million from a Louisiana-based seasoning company owned by the estate of Popeyes' founder. "With the cooperation of the Copeland family, this transaction now brings important intellectual property — Popeyes' core recipes — under brand ownership for the first time in our company's history," Popeyes CEO Cheryl Bachelder said Monday evening in the news release. The transaction will allow DFS to focus on what we do best for Popeyes, producing and innovating the highest quality products, including cooked foods, spices, and breading systems, Al Copeland Jr., chairman of the board of Diversified and of Al Copeland Investments, said in a statement.
Reported by SeattlePI.com 12 hours ago.
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