Jubilant FoodWorks rises 4 per cent post entering into partnership with PLK APAC Pte Ltd
Jubilant FoodWorks Limited (JFL) announced on Wednesday after the market hours that it has entered into an exclusive master Franchise & development agreement with PLK APAC Pte Limited.
The company has entered into a partnership with PLK APAC Pte Ltd, which is a subsidiary of Restaurant Brands International Inc (RBI), to develop, establish, own & operate hundreds of Popeyes® restaurants in India, Bangladesh, Nepal & Bhutan in the coming years.
Popeyes® was founded in New Orleans in the year 1972. It has more than 45 years of history and culinary tradition. It distinguishes itself with a unique New Orleans style menu featuring the iconic chicken sandwich, spicy chicken, chicken tenders, fried shrimp, and other regional items by using proprietary seasonings and techniques developed by an in-house culinary team of chefs that makes its fried chicken, a point of reference for Michelin chefs & celebrities.
The brand presence of Popeyes® is worldwide with over 3,400 outlets spread across 25 countries, making it one of the world's largest chicken quick service restaurants.
The shares of Jubilant FoodWorks Limited rose by 4 per cent as soon as the markets opened today. At 1.23 pm, its shares were trading 0.17 per cent down at Rs 2,864.40 per share.